The Appel Group with Equity Union commercial is proud to present the exclusive listing of 947-953 11th St, the Voss Apartments. A generationally rare multifamily asset in the heart of Santa Monica's coveted Wilshire/Montana neighborhood. Built in 1937 and preserved as Streamline Moderne architecture, this 15-unit trophy property represents the kind of asset that trades once and can disappear from the market for decades. Set across four buildings and two parcels on a 15,016-square-foot lot, the Voss Apartments combines architectural distinction, meaningful scale, exceptional parking, and an irreplaceable coastal location in a market where new supply is inherently constrained. The property features 11,850 square feet of bright living space comprising a two-bedroom, two-bathroom, townhouse with its own private yard, four two-bedroom, one-bathroom residences, six one-bedroom,one-bathroom units, and four studios. Select residences feature private patios or balconies, while the grounds offer manicured landscaping and a sunny central courtyard with butterflies in the spring and summer. Nine garage parking spaces, an on-site laundry room, and one garage space currently beingused as a generous size storage area, set around nicely manicured grounds and a sunny courtyard. Architecturally, the Voss Apartments captures the defining language of the Streamline Moderne era, with horizontal massing, smooth stucco facades, rounded forms, and streamlined detailing. Its 1937 vintage is more than a design attribute; it is a source of scarcity and potential ownership advantage. Qualified new ownership may be eligible for meaningful property tax benefits under California's Mills Act in exchange for preserving the property's historic character. The location is equally compelling. Ideally situated two blocks from both Montana Avenue and Wilshire Boulevard, the property offers immediate access to two of Santa Monica's most desirable dining and retail corridors. Montana Avenue is home to Locanda Portofino, Father's Office, Whole Foods Market, and an array of boutique shops, while Wilshire Boulevard features neighborhood favorites includingEl Cholo, Santa Monica Seafood Market & Cafe, Petit Grain Boulangerie, and Diner Antonette. Santa Monica's geography further protects the long-term scarcity of an asset like 947-953 11th St. Bordered by the Pacific Ocean to the west and the Santa Monica Mountains to the north and east, the city has limited capacityfor meaningful new residential supply in its most desirable neighborhoods. Against that backdrop, an intact 1937 multi-family property of this scale, character, parking, and location becomes increasingly difficult to replicate. For an investor seeking a feather in their cap in one of Southern California's most coveted coastal markets, 947-953 11th St stands in a category of its own a distinctive piece of Santa Monica architectural history, an established income-producing asset with meaningful rental upside, and the type of irreplaceable property that can remain in an ownership portfolio for generations.
**ALL 3 UNITS ARE AVAILABLE TO SEE DURING THE OPEN HOUSES** A Santa Monica original with serious style, flexibility, income and upside. Tucked into the heart of Santa Monica's vibrant Broadway Arts District, this charming Spanish-style triplex is the kind of property that doesn't come along every day. The property features three completely separate homes, offering privacy, versatility, and multiple ways to make the property work for you. One of the one bedroom cottages enjoys a den. Full of character and opportunity, it puts you right in the middle of the action-just moments from creative studios, art centers, the Santa Monica Co-Op, Metro Rail, and an eclectic mix of local shops, dining, and events. The beautifully remodeled front home is vacant and the two rear cottages are month to month with a lush private front yard and a spacious rear courtyard that sets the stage for morning coffee, weekend entertaining, or laid-back Santa Monica evenings with friends. Meanwhile, the two rear residences generate $5,000/$60,000 annual rental income, excluding the vacant front home, creating an exciting opportunity for an owner-occupant, multigenerational living setup, or investor looking to maximize the property's potential. Two of the three residences also feature in-unit laundry for an added layer of convenience. Live in one. Rent the others. Hold for the future. However you choose to use it, this is a rare chance to own a piece of Santa Monica with character, income, and flexibility built in. Welcome to your Santa Monica story. *OFFER DEADLINE OCTOBER 7 AT 6 PM*
Rare opportunity on one of Santa Monica's most coveted streets just steps from Montana Avenue. Properties like this rarely come to market. This unique compound offers a 3-bedroom, 2-bath front house paired with four income-producing units in the rear (two studios and two one-bedrooms) currently generating over $21,000/month in rental income. Whether you're an owner-user looking to live in a prime location while offsetting your mortgage, or an investor seeking strong in-place income with immediate upside, this property checks every box. Surrounded by mature landscaping and tucked behind a private setting, the property delivers both tranquility and walkable access to Montana Avenue's top-tier dining, shopping, and lifestyle amenities. Opportunities like this - location, upside, and income - are extremely limited and highly coveted.
1937 12th St is a charming six-unit multifamily property in Santa Monica, offered for the first time in over 40 years. With five single-car garages, completed soft-story retrofit, professionally managed for years, and a location near the beach and the rejuvenated Pico Boulevard's neighborhood amenities, the property offers an appealing opportunity to acquire a long-held apartment investment in one of the Westside's most desirable coastal communities. The property totals approximately 3,954 square feet on an approximately 7,497 square foot lot. The unit mix includes one two-bedroom, one-bath residence and five one-bedroom, one-bath residences, including two upstairs junior one-bedrooms. At the front of the property, a bungalow-style facade, covered porch and landscaped walkway create a welcoming residential character that distinguishes the offering from a larger apartment complex.Parking is a notable part of the appeal. Five single-car garages provide valuable enclosed parking, complemented by multiple perpendicular public street parking spaces directly along the frontage. Together, the garages and street configuration are a useful distinction in this coastal-city setting. The location brings Santa Monica's neighborhood life and coastal attractions together. Pico Boulevard offers restaurants, coffee shops and everyday services, while Santa Monica State Beach, Shutters on the Beach and Hotel Casa del Mar place the city's signature beachfront experience within reach. Santa Monica College and the Pico Farmers Market at Virginia Avenue Park add to the surrounding neighborhood amenities, complementing the dining, shopping and recreation that make Santa Monica such an appealing place to live. With its inviting residential character, five garages and established Santa Monica setting, 1937 12th St offers investors a long-held six-unit property with the everyday convenience of a neighborhood location and the lifestyle appeal of the coast.
927 & 933 3rd Street is a 20-unit multifamily investment offering assembled across two adjacent parcels in Santa Monica's Wilshire Montana district three blocks from the beach and within a short walk of both Montana Avenue and the Third Street Promenade. The two 1956-vintage buildings are held and operated as a single asset, and are offered together.The unit mix is six two-bedroom units, ten one-bedroom units and four studios across 15,582 net rentable square feet on a combined 14,999 square foot lot.Scale of this kind is unusual in the submarket: of the eight most recent apartment sales in the immediate area, only one exceeded 15 units, and none offered a two-parcel assemblage.The defining characteristic of the offering is the spread between in-place and market rents. Current scheduled income is $464,067 against a projected market of $651,048 a 40.3% gap that translates into 64.3% net operating income growth as units turn. At the list price the asset trades at a 4.68% cap rate on in-place income and 7.69% on stabilized market income, with the difference representing the value a buyer underwrites and pays for.
OPPORTUNITY KNOCKS!!! Turn-Key investment opportunity!!! A rare gem in one of Southern California's most sought-after coastal communities, this beautifully maintained and extensively upgraded triplex presents an exceptional investment and owner-user opportunity just minutes from the beach. Ideally situated near Santa Monica College and approximately two miles from Santa Monica Pier, Palisades Park, Third Street Promenade, Venice Beach, and Santa Monica Place, this unique property features a charming front duplex built in 1936 (Units A & B) and a spacious detached rear owner's residence added in 1956 (Unit C), all situated on an expansive 7,187 SqFt lot. Each unit has been thoughtfully maintained and upgraded with hardwood flooring, copper plumbing, underground utilities, individual washers and dryers, separate front and side entrances, and key-lock security gates. A large shared patio between Units B and C provides an inviting outdoor space perfect for entertaining or relaxing. Unit A offers a one-bedroom, one-bath layout with dining area, laundry room, vinyl windows, gas range, parking for two vehicles, and a private enclosed garage/storage space. Unit B features two bedrooms, one bathroom, dining area, laundry room, gas range, vinyl windows, driveway parking for up to three vehicles, and an enclosed garage/storage. Unit C boasts a spacious living room, large bedroom, full bathroom, mud room with garage access, an updated kitchen, new washer and dryer, dishwasher, alley-access parking for three vehicles, and an enclosed garage equipped with an electric door and EV charger. Recent major capital improvements include a new roof with gutters and downspouts, new garage doors, new HVAC systems with heating and cooling in all units, all new tankless water heaters, upgraded electrical panel with sub-panel, new gas safety shut-off valves, sewer line, remodeled bathrooms in Units A and B, a complete remodel of Unit C including flooring, doors, windows, kitchen cabinetry and appliances, bathroom, laundry room, and garage upgrades. A truly one-of-a-kind coastal income property offering pride of ownership, strong rental appeal, and an unbeatable location.
COMPLETELY VACANT TRIPLEX! HIGHLY MOTIVATED SELLERS!!! FLEXIBILITY ON PRICING!!! OPPORTUNITY KNOCKS!!! Exceptional investment opportunity (including a 1031-Exchange),in one of Santa Monica's most sought-after neighborhoods. This rare offering gives investors or owner-users the opportunity to immediately establish market rents without existing tenant restrictions. Situated on an expansive 7,763-square-foot lot, the property offers approximately 2,700 square feet of living space comprised of three well-designed units, each featuring two spacious bedrooms, two bathrooms, mini-split heating and air conditioning, and an in-unit washer and dryer.The oversized lot presents outstanding long-term upside with potential for future expansion or redevelopment (buyer to verify with the City of Santa Monica). Whether your strategy is to maximize rental income, reposition the asset, or explore future development opportunities, this property offers exceptional flexibility and value.Ideally located near Santa Monica College and just minutes from the Santa Monica Pier, Third Street Promenade, Santa Monica Place, Palisades Park, and Venice Beach, this prime Westside location offers strong tenant demand and enduring investment appeal. Opportunities to acquire a completely vacant triplex in such a premier location are exceptionally rare.
Rare Owner/User opportunity in a prestigious Santa Monica location, just north of Wilshire Blvd and steps to Montana Ave. Located in the coveted Franklin School District! The property has two structures on a 7,685 sf lot. The west facing, front house has 2 beds + 2 baths + a bonus room, and is surrounded by a grassy front and rear yard. The house will be delivered vacant. Additionally, there are (2) 2 beds + 1 bath and (2) 1 bed + 1 bath units in the rear of the property. Parking consists of a 4 private garages located off the alley. 19th Street is quiet and has no traffic signals on Montana or Wilshire. Property is subject to City of Santa Monica rent control. Inside with accepted offer only.
Charming 1905 Craftsman residence with detached three bachelor unit building in Ocean Park's coveted 6th Street Residential Historic District. Tucked along a quiet, low-traffic block, this distinctive property offers a rare combination of historic character, income potential, and exceptional buyer flexibility. The tenant-occupied 3-bedroom, 1 1/4-bath front house features a private yard, while the detached rear building contains three bachelor units that are intentionally delivered vacant. Unit C has a mini split a/c system. Ideally positioned within an exceptional walkable pocket of Ocean Park, the property lies between the beach to the west, Rose Avenue to the south, and Main Street to the north. Nearby amenities include acclaimed restaurants, cafs, artisan shops, boutiques, and everyday conveniences. This intimate stretch of 6th Street retains the atmosphere of Santa Monica's earlier seaside-village character while offering close proximity to the best of the Westside. Buyer to independently investigate and verify square footage, unit count, historic-district status, existing tenancies, zoning, permitted uses, and all other information material to Buyer's contemplated purchase.
DELIVERED WITH ONE UNIT VACANT! Welcome to 1630 Franklin Street, a truly special duplex nestled in one of the most desirable pockets of East Santa Monica where timeless charm meets exceptional opportunity. Rarely does a property come to market that so beautifully blends warmth, character, functionality, and investment potential. With one unit delivered vacant, this offering presents an extraordinary opportunity for an owner-user, investor, or multi-generational living arrangement in one of the Westside's most sought-after neighborhoods. Ideally situated just moments from some of Los Angeles' most influential creative and tech campuses including Oracle, Lionsgate, Red Bull, Riot Games, Activision, Universal Music Group, and the iconic Water Garden, the location offers unparalleled convenience with easy access to world-class dining, shopping, entertainment, and the coastal lifestyle that makes Santa Monica so beloved. What makes this duplex particularly unique is how authentically it lives like two separate single-family residences, each with its own distinct personality and sense of home. The front residence is an enchanting cottage-style home offering 2 bedrooms and 1 bath, wrapped in storybook charm. Framed by a classic white picket fence, lush grassy front yard, and a quaint English garden, this home evokes the warmth and nostalgia of simpler times reminiscent of cherished childhood memories at Grandma's house, where life felt slower and front porches served as gathering places. There is a sweetness to this home that is increasingly rare to find. It invites morning coffee on the porch, quiet afternoons in the garden, and evenings spent watching the neighborhood gently unfold. A private carport provides convenient parking for one vehicle. Tucked privately at the rear of the property, the second residence is a spacious and thoughtfully updated 3-bedroom, 2-bath home currently tenant occupied. Larger in scale and highly functional in layout, this residence offers comfortable living with generous proportions and tasteful updates throughout. An oversized two-car garage with direct access adds substantial value and convenience offering abundant parking, storage, and flexible utility for modern living. Whether you are seeking strong income potential, a live-in-one/rent-the-other scenario, or a long-term investment in a premier Santa Monica location, 1630 Franklin Street represents a rare and meaningful opportunity. Properties like this are not simply purchased they are stewarded, cherished, and held for generations. This is more than a duplex; it is a property filled with heart, possibility, and the enduring promise of home.
Great location, restaurant, shopping , bus stop ...etc. redevelopment or keep this charming 4units apartment for investment. Landry room is on site. Front unit has own yard to unit. 2 units are back on top of garage space.
The Fifth & Montana is a 10-unit multifamily property located at 848 5th Street in Santa Monica's Wilshire-Montana neighborhood, approximately one block south of Montana Avenue. The property offers strong in-place income, 12 parking spaces for 10 units, and approximately 11.8% rental upside. Current NOI is estimated at approximately $225,450, with a 5.53% current cap rate. At market rents, projected NOI is approximately $263,211 with a projected 6.46% market cap rate. Built in 1956, the two-building property comprises approximately 7,192 square feet on an approximately 7,492-square-foot lot. The unit mix includes three studios, six one-bedroom units, and one three-bedroom, three-bath unit. Parking consists of seven subterranean spaces and five rear alley garage spaces, providing approximately 1.2 spaces per unit. Six of the ten units have undergone renovations, including three remodeled since 2024. Additional improvements include a roof overlay completed in early 2024, Vulkem deck work completed in 2023, recent exterior painting, and staircase improvements. Select units feature updated kitchens and baths, stainless steel appliances, hardwood-style flooring, exposed-beam ceilings, and outdoor space. The property also includes a dedicated laundry room and landscaped common areas. The location offers proximity to Montana Avenue's restaurants, retailers, cafes, boutiques, and services, as well as Palisades Park, the Santa Monica coastline, Downtown Santa Monica, Third Street Promenade, and Santa Monica Place. The property has a 95 Bike Score®—Biker's Paradise and an 84 Walk Score®—Very Walkable. Nearby healthcare, education, technology, and entertainment employers contribute to a diverse Santa Monica employment base. ZIP Code 90403 reports a median household income of approximately $122,000, providing additional economic context for the surrounding Santa Monica rental market.
This absolutely charming beach duplex is the kind of property that rarely comes along - beautifully renovated and brimming with opportunity. Featuring a vacant, beautifully updated 3-bedroom, 2-bath owner's residence plus a leased 2-bedroom, 2-bath residence generating $3,593 per month, this exceptional property offers the perfect blend of coastal lifestyle and investment potential. The location is truly unbeatable. Situated in one of Santa Monica's most sought - after neighborhoods, you're just moments from Grant Elementary, Clover Park, and the vibrant Ocean Park corridor, home to some of the area's best restaurants, cafes, boutiques, and local favorites. With three side-by-side parking spaces and a turnkey presentation throughout, this special property presents an incredible opportunity for an owner-user, investor, or anyone dreaming of the ultimate beach lifestyle with built-in income. When comparable 3-bedroom, 2-bath homes in Sunset Park start at $2.2 million or more, the question becomes: why buy a single-family home when you can own a duplex? Live in the spacious three-bedroom residence, collect income from the second residence, and enjoy the best of both worlds. Rare, flexible, and full of coastal charm, this is an exciting opportunity that doesn't come around often.
We are pleased to present a seven-unit multifamily investment opportunity at 1434 Berkeley St, located in Santa Monica's Mid-City neighborhood just south of Santa Monica Blvd, one of the Westside's most established and supply-constrained rental submarkets. The property offers a rare mix of large, townhouse-style units, uncommon for the submarket. Of the seven units, five are spacious two-bedroom, two-bath townhomes, one is a one-bedroom, one-bath unit, and one is a three-bedroom, two-bath unit, giving ownership a diversified rent roll across floor plans. The property provides seven on-site parking spaces, with five spaces in the rear and two tandem spaces at the front of the building, a meaningful amenity in a submarket where covered parking is limited. Most units feature granite countertops, copper plumbing, and individual washer and dryers, reducing near-term capital exposure for ownership. Newly installed garage gates in the rear of the building add a further layer of security and curb appeal. Built in 1964, the property totals approximately 8,390 square feet on a 7,807 square foot lot, with a small grass yard fronting the building along Berkeley St. Mid-City is Santa Monica's second most walkable neighborhood, carrying a Walk Score of 92. Residents are within walking distance of the Wilshire Blvd retail and restaurant corridor and Santa Monica College. The Expo Line's 26th St/Bergamot station provides direct transit access, connecting residents to Downtown Santa Monica, Downtown Los Angeles, and destinations throughout the Westside.
We are pleased to present 1434 15th Street, a 10-unit multifamily asset in Santa Monica's Mid-City neighborhood, one of the Westside's strongest and most consistent rentalmarkets.Built in 1957, the property is comprised entirely of ten 1-bedroom/1-bathroom units at approximately 650 square feet each, a clean, homogenous unit mix that simplifies underwriting,leasing, and ongoing management for the incoming owner. Several units have been extensively renovated with granite countertops, brand new appliances, new flooring, and freshpaint, including two units that are currently vacant and delivered at close of escrow, giving an incoming owner immediate, turnkey units to lease at market rents from day one. Current rents average $2,007 per unit against achievable market rents of $2,500 per unit, representing approximately 25% rental upside as the remaining below-market tenancies turn over, a compelling value-add story reflected in a current cap rate of 5.80% growing to a 7.85% pro forma cap rate. The building's exterior facade has just been freshly repainted, enhancing curb appeal and signaling pride of ownership while reducing near-term deferred maintenance exposure for the next owner. The property is fully parked, offering six spaces in the rear plus additional spaces at the front of the building, along with private garages fronting the street that are currently used for storage and present potential ADU conversion upside (buyer to verify with the City of Santa Monica). On-site laundry machines provide ownership with an ancillary income stream, and new electrical sub panels have been installed in select units, further reducing near-term capital exposure for the next owner. Mid-City is the second most walkable neighborhood in Santa Monica, carrying a Walk Score of 92, and sits a short distance from the Metro E Line at 17th St/SMC, Santa Monica College, and the retail and dining corridor along Wilshire Blvd, with the beach just over a mile away. This combination of transit access, daily amenities, and coastal proximity drives persistent tenant demand and low vacancy throughout the submarket.
In one of Santa Monica's most sought-after settings, this classic California Craftsman combines original architectural character, adaptable living spaces, and an established income-producing opportunity just moments from the beach. Currently operated as a successful vacation rental, the property presents a rare turnkey opportunity for a buyer looking to continue the current rental operation or create a versatile coastal retreat for extended family and guests. The compound encompasses five bedrooms, five bathrooms, three kitchens, and a detached ADU, creating a series of distinct, self-contained areas across the residence and grounds. The configuration lends itself to a range of uses, from multi-generational living and private guest accommodations to dedicated workspaces or continued rental use. The main residence preserves its Craftsman-era detailing, including original hardwood floors, a wood-burning fireplace, and period architectural elements that remain throughout the home. The kitchen is anchored by a pristine Gaffers & Sattler double oven with six burners, an exceptionally well-preserved piece of the home's original character. Upstairs, the main-house bedrooms frame ocean views, keeping the Pacific in constant view. Outside, a grassy yard is complemented by multiple areas for lounging, dining, and entertaining, ideal for enjoying Santa Monica's temperate coastal climate throughout the year. The street-to-alley parcel includes a spacious three-car garage, providing ample parking and storage while adding a layer of privacy to the property. From Ocean Avenue and Palisades Park to the Santa Monica Pier and the beach, the home is surrounded by acclaimed restaurants, oceanfront bike paths, walking trails, and shopping, with the Pacific Ocean just moments away. Property to be delivered 100% vacant.
Large 11 unit building in Santa Monica offered at 12.9 GRM and cap rate of approximately 5.1%. 9,485 square ft. building. Priced at $314 per foot. Excellent unitmix of 3 two-bedroom one bathroom and 7 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 one car garages vacant. Well maintained building in the heart of Santa Monica. Located across the street from the Broad Stage on 11th. All units are occupied. Please do not walk on property or disturb tenants. Inside with acceptable offer. Rent roll and OM are attached under docs. Expenses are estimated at 35% including new property tax, excluding management expense. All units have private patio or balcony.
Rare opportunity to own a premier 8-unit mixed-use property just one block from the beach in the heart of Santa Monica. Perfectly positioned near popular shops, restaurants, and cafes, this property combines lifestyle appeal with strong investment potential in one of Los Angeles' most desirable neighborhoods. The building features seven residential units and one street-facing retail space. The residential mix includes six spacious 1-bedroom units, ranging from approximately 659 to 842 rentable sq. ft., each offering private outdoor areas between 48 and 237 sq. ft. These units offer a comfortable, beachside living experience that tenants seek out year-round. The standout feature is the townhouse-style owner's unit, measuring approximately 2,550 rentable sq. ft. This 3-bedroom, 2.5-bath home has 1,200 sq. ft. of private outdoor space, including a rooftop deck with ocean views offering the privacy and comfort of a single-family home, with all the perks of income property ownership. The retail unit, approximately 434 rentable sq. ft., offers Main Street frontage and excellent visibility in a high-foot-traffic area perfect for a boutique business or steady lease income. An added advantage is the 16 on-site parking spaces, a rare and highly valuable amenity in this sought-after coastal market. Whether you're an investor seeking a trophy location or an owner-user looking to live steps from the beach while generating revenue, this property offers incredible flexibility. With its unbeatable location, strong rental demand, and turnkey layout, 2216 Main Street is a truly exceptional long-term asset. Don't miss your chance to own a one-of-a-kind property that delivers both lifestyle and financial upside in iconic Santa Monica.
Rare 100% VACANT Santa Monica triplex in a prime 24th Street location just south of Wilshire, featuring a highly desirable detached front bungalow plus two rear income units. The front residence lives like a private single-family home, offering approximately 1,050 square feet with 2 bedrooms, 2 full bathrooms, living room, dining area, in-unit laundry, hardwood flooring, central heat and air, and a private outdoor deck/patio. The kitchen and baths have been tastefully updated with white Shaker cabinetry, quartz countertops, stainless steel appliances, and clean modern finishes. Ideal for an owner-user seeking a Santa Monica residence with income from the rear units, with potential owner-occupancy rent control advantages to be independently verified. The front home also includes secure covered parking for two vehicles, garage door opener, storage cabinetry, and gated/passcode access from the carport. Rear Unit A is a two-story 2 bedroom, 1.5 bath apartment of approximately 960 square feet, with living room, kitchen, and powder room on the first level and two bedrooms plus full bath upstairs. Rear Unit B is an upstairs 2 bedroom, 1 bath apartment of approximately 930 square feet with an open living/kitchen layout. Both rear units have been recently updated with wood look luxury vinyl plank flooring, Shaker-style cabinetry/vanities, quartz countertops, tile finishes, and stainless steel appliances. Each rear unit has two covered carport parking spaces with extra storage, and both share a ground-level laundry room. Recent property improvements include a new roof, sewer lines, plumbing, security gate, cameras, interior/exterior paint, and other thoughtful upgrades. Outstanding Santa Monica location near Trader Joe’s, Whole Foods, Douglas Park, St. John’s Health Center, The Water Garden, McKinley Elementary, and nearby Metro access.
We are pleased to present 2440 Arizona Avenue, a 4-unitmultifamily property located in the highly sought-after city of Santa Monica. Built in 1951, the property offers approximately 2,644 square feet of rentable living area on a 5,198-square-foot lot, presenting investors with a rare opportunity to acquire a well-located asset in one of Los Angeles County's most desirable coastal rental markets. The property features an attractive unit mix consisting of three 1-bedroom/1-bath units and one 1-bedroom/1-bath unit with a private yard, appealing to a broad tenant base seeking the lifestyle andconvenience that Santa Monica has to offer.The building showcases the charm and character of classic post-war construction while offering significant flexibility for both investors and owner-users. The property will be delivered with two vacant units, including one with a private yard, creating immediate occupancy and value-add potential. Additional amenities includea laundry room, shared backyard, and detached garages with alley access. Investors may also explore thepotential for an ADU addition, subject to buyer verification, further enhancing future income and overallproperty value.2440 Arizona Avenue benefits from an exceptional location in the heart of Santa Monica, placing residentswithin close proximity to major employment centers along the Westside, including Silicon Beach, DowntownSanta Monica, UCLA, and numerous technology, healthcare, and creative firms throughout the region. Theproperty is conveniently located near McKinley Elementary School, within walking distance of St. John's Hospitaland UCLA Medical Center Santa Monica, and approximately two miles from the beaches and Third StreetPromenade. Surrounded by premier dining, shopping, and entertainment destinations, this well-positioned assetoffers stable in-place income, strong long-term tenant demand, and the potential for continued appreciation inone of Southern California's premier multifamily investment markets.
1523 Berkeley St is a five-unit multifamily property located in a prime Santa Monica location, steps from Wilshire Blvd, within walking distance of Montana Ave, and a short distance from Lionsgate, Hulu, and the Colorado Ave entertainment corridor. Built in 1957 and situated on an 8,139 SF lot, the property consists of one 2-bedroom, 1-bath front house and four 1-bedroom, 1-bath units, along with five detached garages, a laundry room, and a central courtyard. Three of the units have been updated during prior tenant turnovers. One 1-bedroom unit and one garage will be delivered vacant, giving the next owner immediate flexibility to select their own tenant and capture current market rent. The property's large lot, courtyard setting, and five detached garages also provide additional long-term value-add potential. Offered at $1,725,000, the property is currently operating at a 5.37% cap rate and 12.20 GRM, equating to $345,000 per unit and approximately $458 per square foot. Three
** PLEASE DO NOT WALK PROPERTY **A rare and fully reimagined 6 unit income property in the heart of Santa Monica's coveted Sunset Park, 1022 Grant Street offers the increasingly difficult-to-find combination of character, extensive renovation and upgrades, private outdoor spaces and impressive market rents. Originally a five-unit property and now enhanced by a newly added 1 bedroom ADU, the property offers 6 residences, many of which feel more like individual homes than apartments. At the heart of the property are 3 highly desirable 2 bedroom bungalow-style residences, each with its own private entrance and with beautifully landscaped front garden spaces and some with patio spaces. Extensively remodeled (with Permits) incorporating a clean, timeless aesthetic, these residences feel like small houses and feature custom cabinetry, Caesarstone countertops, new appliances, wide-plank oak flooring, frameless glass showers with custom tiles and vanity, stacked in-unit washer/dryers and individual HVAC or mini-split systems. Ample double hung windows, mature landscaping and thoughtful separation create exceptionally light, private and inviting residences! Two additional units are positioned above the rear garages, providing separation from the bungalows, while the newly added and oversized 1 bedroom ADU further enhances the property's income and flexibility. 2 private garages are also assigned to the bungalows . Perhaps most compelling, all but one of the residences are leased at impressive market rents, offering the unusual opportunity to acquire a substantially renovated Santa Monica income property without the significant loss-to-lease associated with most Santa Monica and Los Angeles income offerings. Equally compelling for an investor seeking strong, highly desirable rental product or an owner-user looking for a distinctive residence supplemented by meaningful income. Set along a quiet, tree-lined street in one of Sunset Park's most desirable residential pockets, the property is moments from the restaurants, cafes and neighborhood amenities of Ocean Park and minutes from the beach. Beautifully renovated, predominantly market-rent, bungalow-style multifamily properties of this quality are exceedingly difficult to replicate in Santa Monica making 1022 Grant Street a truly rare offering. Call for information and showing.
$150,000 Price Adjustment! 1757 17th Street is a 9-unit apartment building plus a non-conforming studio situated on the northeast corner of Michigan Avenue and 17th Street in Santa Monica. Built in 1997, the property consists of approximately 8,306 square feet of building area on a 9,297-square-foot lot and is being offered for sale by the original ownership for the first time.The unit mix consists of eight two-bedroom/two-bathroom units and one one-bedroom unit, plus a non-conforming studio. Five residences feature two-story layouts with dramatic high ceilings and loft/office areas, including four townhouse-style units with large private rooftop patios. Most units, including the studio, offer private outdoor space. Built in 1997, the property is not subject to Santa Monica rent control, with two units deed restricted at 60% of area median income through 2050. The property features secure controlled entry and 19 on-site parking spaces, including 16 secure underground spaces and three additional surface spaces at the rear of the property. Additional features include individually metered water, gas and electricity, and on-site laundry facilities. Ideally located near Santa Monica College, the 17th Street/SMC Metro station and approximately 17 blocks from the beach, the property benefits from a Walk Score of 82 and convenient access to the many amenities of Santa Monica.
An exceptional opportunity to acquire a meticulously remodeled 11-unit apartment building in one of Santa Monica’s most coveted North of Wilshire locations. 1017 5th Street offers the rare combination of a true trophy-quality location, high-end renovated units and investment returns that are exceedingly difficult to find in prime Santa Monica. Offered at $5,485,000, the property generates a compelling 5.39% current cap rate and 13.07 GRM, providing investors with unusually strong in-place cash flow for an asset of this quality and location. The investment becomes even more compelling on pro forma rents, reaching approximately a 6.69% cap rate and 11.03 GRM, with roughly 19% remaining rental upside. The property has undergone extensive upgrades and features beautifully remodeled, high-end units designed to attract Santa Monica’s premium renter base. This is not a heavy value-add project requiring years of construction, tenant turnover and capital expenditures. The work has largely been done, creating an exceptionally easy-to-own and easy-to-manage asset with strong income from day one.
Prime Santa Monica Quadruplex Investment Opportunity with Strong Upside Potential. Positioned in one of Santa Monica's most sought-after coastal markets, 2447 Chelsea Place presents an attractive opportunity for investors seeking a well-located multi-family asset with a desirable unit mix and long-term potential. The property consists of four residential units, offering a versatile configuration of three 2-bedroom, 2-bath residences and one 1-bedroom, 1-bath residence. Two of the larger units are located upstairs and feature private balconies, while two residences are situated on the lower level. Each unit is assigned a covered carport, and residents have access to community laundry facilities as well as an inviting patio area to enjoy. The diverse unit mix provides flexibility for attracting a broad tenant base while creating the potential for a stable and diversified rental stream. For an investor, the property's appeal extends beyond its current configuration, offering an opportunity to evaluate future improvements, unit enhancements, and other value-add strategies that may increase rental appeal and overall asset performance. Location is a significant component of the investment story. Santa Monica consistently commands attention for its limited housing supply, highly desirable coastal setting, established rental demand, and proximity to employment, entertainment, dining, shopping, and recreation. The property places residents within easy reach of the beach, parks, local businesses, and the distinctive lifestyle that continues to make Santa Monica one of Southern California's premier residential destinations. For investors looking to acquire a multi-unit property in a high-demand coastal market, 2447 Chelsea Place offers a compelling combination of unit diversity, desirable location, and value-add potential. An opportunity to acquire a four-unit asset in Santa Monica and position it for long-term income and appreciation. A strategic addition to an income-focused portfolio or an opportunity for an investor seeking to unlock additional value in one of California's most established coastal communities.
Santa Monica is located in California. Santa Monica, California has a population of 92,828. Santa Monica is less family-centric than the surrounding county with 28.07% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Santa Monica, California is $99,847. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Santa Monica is 41.4 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
