1243 & 1247 12th St consist of two adjacent ten-unit apartment buildings located between Wilshire Blvd and Arizona Ave in prime Santa Monica, approximately 12 blocks from the beach. Built in 1959, the properties total 18,832 square feet of improvements on a 15,007-square-foot double lot with two separate APNs, offering long-term ownership, financing, and disposition flexibility. Each building is approximately 9,416 square feet, and together the portfolio features an attractive and highly functional 20-unit mix comprised of (4) 1-bed/1-bath, (5) 2-bed/1.5-bath, (8) 2-bed/2-bath, (1) 3-bed/1.5-bath, and (2) 3-bed/2-bath units. This balanced mix appeals to a wide renter base and positions the asset for long-term revenue growth as turnover occurs. The property provides 22 total parking spaces, including six tandem spaces in the front and ten standard spaces in the rear, along with controlled-access gated entry and on-site laundry facilities that generate consistent ancillary income. The soft-story seismic retrofit has been completed (buyer to verify). With strong underlying land value, scale, and below-replacement-cost pricing in one of the Westside's most supply-constrained submarkets, 1243 & 1247 12th St offer investors a rare opportunity to acquire two contiguous buildings in an irreplaceable coastal location with meaningful operational and appreciation upside.
The sky is the limit with this turnkey Spanish style duplex consisting of a 2/1 and a 1/1. Each unit is privately enclosed with the feel of your own home and has interior features including original hardwood floors throughout the rooms, recess lighting, kitchen with granite countertops, custom cabinetry, and a beckoning modern bathroom with porcelain wood looking tile, glass and a luxury vanity. Front unit exterior features a charming picket fence and sufficient space to make your very own sustainable garden boxes, sun bathe or keep your pet friends enclosed. Adjacent exterior 3 car driveway. The back unit is 800+SQFT and has a private, expansive backyard with mature fruit trees (fig, avocado & lemon) for this unit only. 1 Parking Spot in the back of this property is included. There are two storage garage spaces included. There are so many possibilities to explore- leave as is, add an ADU and/or addtl units, convert into a SFR, a combination of the above or consider redevelopment opportunities including but not limited to a 5-plex layout similar to the next door properties. Some recent upgrades to electrical, gas, water/sewer and hvac. Property sold AS IS.
We are pleased to present 2332 20th Street in Santa Monica. Operating at a 5.25% CAP rate and 12.8 GRM, this high-yield asset generates nearly $200,000 in gross annual income with over 30% in rental upside. The property features an ideal unit mix of (3) 2-bed/1-bath units, (2) 1-bed/1-bath units, and a fully remodeled 2-bed/1-bath detached front house (1,288 sq ft), offering excellent owner-user potential. Major capital improvements—including the renovated front house, upgraded unit interiors, main sewer line replacement, and completed seismic retrofit—provide low future maintenance and strong long-term stability. Additional amenities include on-site laundry and five carport spaces with alley access. Just one block from Santa Monica College and moments from Ocean Park’s vibrant retail and dining, the property offers an unbeatable location with easy access to the 10 Freeway. This is a rare chance to acquire a well-maintained, income-producing building with both immediate returns and significant upside in a prime Santa Monica neighborhood.
We are proud to present a rare opportunity to acquire a well-located, 6 unit multifamily asset in the heart of Santa Monica, just a few blocks away from the beach. Built in 1963, the property spans approximately 7,763 square feet on a 7,485 square feet lot and boasts an exceptional unit mix of two 2-bedroom / 1.5-bath townhouse style units, three 3-bedroom / 2-bath units, and one 3-bedroom/1.5-baths townhouse -style unit. The units feature spacious floor plans and ample closet space. The well-maintained property is separately metered for gas & electric, serviced by a central water heater, and offers an on-site laundry facility, one 2-car garage with storage rooms, and five carport parking spaces with storage bins. In recent years, the property has had significant capital improvements including a newer roof, copper plumbing in most units, multiple updated electrical sub-panels, replacement of a complete full main sewer line, and a new water heater in the laundry room. Two units have been extensively upgraded to include individual tankless water heaters & in-unit laundry, upgraded flooring, new kitchens with new shaker cabinetry, quartz countertops, stainless-steel appliances including gas stove, refrigerator, microwave & dishwasher, new bathrooms, dual pane windows, and new lighting. These upgrades address deferral maintenance, improve building functions, enhance tenant experience, and will meaningfully increase the long-term value & performance of the property. The current rent is still below the market, a new owner is presented with the opportunity to increase rent to market price upon vacancy and further increase rental income with complete unit renovations of remaining unrenovated units. Additionally, the architectural work for the back carport ADU conversion is completed and ready to pull permits. This project will create two rentable studio units and will significantly increase both property value and cash flow. With stable income in place and meaningful upside through interior renovations and tenant turnover, the property presents a compelling blend of immediate cash flow & long term appreciation potential. This is a rare chance to own a turnkey asset in one of the most affluent & high-demand rental markets in Southern California.
210 California Ave presents a fully vacant coastal multifamily opportunity located in Santa Monica's premier 90403 neighborhood, one of Los Angeles' most supply-constrained and highest-demand rental markets. Withdrawn under the Ellis Act in 2019, the property has completed all required timelines and is now eligible to be reintroduced at full market rents. Built in 1962, this 9,346 SF, 11-unit building sits on a 7,498 SF corner lot just one block from Ocean Avenue, with partial ocean views on select units. 210 California offers investors a rare blank-canvas value-add or redevelopment play in a trophy coastal location. The existing unit mix six 2BD/2BA units, four 1BD/1BA units, and one studio, supports multiple repositioning strategies, from premium interior renovations to a full reconfiguration or entitlement-driven redevelopment (buyer to verify). With all units delivered vacant, investors can immediately begin rehabilitation and execute a streamlined lease-up at prevailing Santa Monica rents, supported by strong tenant demand, high household incomes, and strict long-term supply constraints. Situated steps from the beach, Palisades Park, Montana Avenue, and the 3rd Street Promenade, the asset benefits from exceptional walkability, affluent demographics, and resilient rental fundamentals. This is a highly executable coastal value-add opportunity with significant NOI growth potential and durable long-term equity.
Opportunity Knocks! This exceptional six-unit apartment building in prime Santa Monica, located west of Lincoln Boulevard, offers a rare investment opportunity with 3 out of 6 units vacant. This property features an ideal unit mix, including two spacious, two-story townhome-style 3B+2Ba units in the front building, both currently vacant, and four 2B+1Ba units in the rear building, 1 of which is vacant. This combination provides an excellent opportunity for an owner-user or an investor seeking immediate income potential. With its desirable location, strong unit mix, and upside rental potential, this property is a standout choice for investors or buyers seeking a versatile and valuable asset in Santa Monica, one of LA's most sought-after neighborhoods. Trust Sale - No request for repairs or credit will be considered. Do Not Disturb Tenants. Do Not Walk Property.
Welcome to 2432 3rd St, a historic and charming multi-family property located in the heart of Santa Monica, CA. Built in 1918, this unique home boasts a total of 7 bathrooms and a spacious finished area of 4,400 square feet. Situated on a generous lot size of 6,495 square feet, this property offers plenty of outdoor space for relaxing and entertaining. Incredible and spacious 1920s Spanish style two-story duplex in front and classic craftsman shotgun bungalows nestled in back inside separate private compound. Entire property is gated for privacy and serenity. In historic Ocean Park, just 3 blocks from the beach and steps to world famous Main St with delicious and exciting nightlife, but also the calming quiet of the waves heard at night, and soothing breeze during the day. Fruit, flowering and other privacy trees and hedges see occasional southern California squirrels, hummingbirds and doves at play. Has driveway parking for up to 5 cars (one being in the carport.) An extensive and legal remodel and expansion completed in 2020, 2021, and 2023, the large breathtaking units are able to be quickly and easily rented out short or long term with a solid return on investment with the enticement of the beach location locking in a solid long term growth potential. Important note: square footage and rooms here are correct.
Welcome to 1244 14th Street an exceptional, AIA architect-designed, like-new modern five-unit luxury building completed in 2022 and crafted to attract premium tenants while delivering long-term, worry-free ownership. This rare offering combines striking contemporary design with operational efficiency, premium rental income, and Santa Monica's coveted lifestyle amenities just moments away. Each residence features concrete and hardwood flooring, high ceilings, designer kitchens, and abundant natural light. Every unit enjoys a private rooftop deck perfect for entertaining, relaxing, or soaking up the California sun. Two units include a private basement level with direct garage access, offering additional flexible space ideal for storage, offices, or creative use. The building provides subterranean parking with two side-by-side spaces per unit, plus an electric security gate for easy, secure entry. Solar panels supply energy efficiency and help minimize ongoing operational costs, making this a low-maintenance, low-expense investment opportunity. Private, secure, and built to the highest standards, 1244 14th Street consistently attracts high-caliber clientele and is positioned to remain a high-demand asset for years to come. Just minutes to Montana Avenue shops, the beach, top restaurants, business districts, and transit, this is luxury multi-family living at its best in Santa Monica.
Beautifully situated in a prime Santa Monica location, this seven-unit multifamily property lies just moments from the Santa Monica Business Park—home to major employers such as Snap, Hulu, Crexi, and Naughty Dog—and only a few blocks from Santa Monica College, which serves more than 26,000 students and faculty. The property is also positioned to benefit from the Santa Monica Airport Conversion Project, a city-led initiative that will permanently close the airport by 2028 and transform the surrounding area into expansive parks, open space, and new community amenities. This once-in-a-generation redevelopment is expected to significantly enhance neighborhood quality, elevate desirability, and support long-term rental and asset value growth. Built in 1965, the asset offers approximately 9,109 square feet of living area on an 8,287-square-foot lot, featuring an exceptional unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. All units provide spacious layouts and ample storage. The building is separately metered for gas and electricity, includes an on-site laundry room, and offers five units with in-unit laundry—highly desirable amenities that support premium rent potential. Seven parking spaces, including four gated stalls, provide added security and convenience. Two units have recently undergone substantial upgrades, including new flooring, renovated kitchens with gas appliances, updated bathrooms, modern lighting, and in-unit laundry. These improvements reduce deferred maintenance, enhance tenant experience, and strengthen long-term operating performance. With current rents still below market, a new owner will benefit from meaningful upside through natural turnover and full renovation of remaining units. Delivering immediate income, strong future rent growth, and extraordinary long-term appreciation potential supported by the airport conversion, this offering represents a rare opportunity to acquire a turnkey multifamily asset in one of the Westside’s most desirable and consistently high-demand rental markets.
Excellent Santa Monica Location - 1 Block North of Pico Boulevard and Approximately 2 Miles of Santa Monica Beach, Ocean Avenue, 3rd Street Promenade, Main Street & the Santa Monica Pier Outstanding Unit Mix of (1) 3-Bedroom/2-Bathroom Front Unit, (1) 3-Bedroom/1-Bathroom Unit and (3) 2-Bedroom/1-Bathroom Units 6.16% Current Cap Rate & 11.74 Current GRM 6.84% Pro-Forma Cap Rate & 10.85 Pro-Forma GRM Front 3-Bedroom Unit Contains Private Front Yard and Laundry Room with Washer/Dryer Hook-Ups Each Unit Contains an Individual Hot Water Heater Two Units Remodeled with Quartz Counters, Upgraded Bathrooms and Newer Windows 4,560-SF Building Size on a 6,858-SF Lot Located Just a Few Blocks from Whole Foods Market, Bergamot Stations Arts Center, Santa Monica Business Park, Water Garden, Trader Joes, Virginia Avenue Park & Expo Line
Rare hidden celebrity oasis compound. Understated from the outside, but once you walk inside it is beyond magical. 3 Blocks from the Beach. Discover an extraordinary opportunity to own a one-of-a-kind, double-lot compound. This beautifully curated estate includes three individual homes, each with its own charm and privacy. 2116 3rd Street: Restored 1901 Craftsman Cottage. With the perfect blend of classic character and modern luxury, this 3 bed, 3-bath home is drenched in natural light from seven skylights beneath its high wood beam ceilings. Enjoy cozy evenings by the wood-burning fireplace in the living room or unwind in the double-sided gas fireplace shared by the master bedroom and spa-like en suite. Second en-suite bedroom with private basement access to backyard and an attached studio.3rd bed and bath are currently being used as a wine storage. 2118 3rd Street: Mediterranean Elegance Reimagined. 1928 gem, this spacious 2 bed, 2.5 bath bungalow has been thoughtfully modernized with refined style. It includes a light-filled living room with gas fireplace. below is a 2 bed, 2 bath walkout basement granny flat with charming farmhouse kitchen and marble-tiled fireplace. Green guest home: 3rd Home with a 2 Bed / 1 Bath. It is tucked behind the main house. This cozy residence is ready for your personal touch, a perfect guest house, rental unit, or home office with garden access. Surrounding this exceptional property are lush gardens, fruit trees, and private outdoor spaces that make it feel like a serene retreat yet you're just minutes away from the Santa Monica Promenade, Abbot Kinney, and the beach. Buyer to verify square feet with the city of Santa Monica. Broker does not guarantee the accuracy of bedroom count, bathroom count, square footage, lot size, lot lines, permits, plans or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources. The buyer is advised to independently verify information through personal inspection and with appropriate licensed professionals.
Introducing this fully vacant, newly renovated duplex located in a prime pocket of Santa Monica zoned as R-3 lot. Offering a combined 1,800 sq ft, both units feature a thoughtfully designed 2 bedroom / 2 bathroom layout, making this an exceptional opportunity for owner-users, investors, or those seeking rental income with modern comfort and convenience. Each unit is highlighted by vaulted ceilings and an airy open-concept living room and kitchen, enhanced by luxury vinyl plank flooring and recessed lighting. The stylish kitchens include stainless steel appliances and farmhouse sinks, while the in-unit laundry adds valuable everyday convenience. Both primary bedrooms offer en-suite bathrooms, finished with ceramic mosaic tile shower flooring and contemporary fixtures that create a fresh, modern aesthetic. Extensive upgrades provide peace of mind and move-in ease, including new HVAC systems, updated electrical, updated plumbing , new exterior stucco, new landscaping, and an inviting outdoor deck. The property also includes parking spaces at the rear. A standout feature is the preliminary ADU plans for potential construction in the back—offering excellent upside and added long-term value. Perfectly situated in the heart of Santa Monica, this duplex is moments from Providence St. John’s Health Center, the Metro line, Montana Ave, Wilshire Blvd, Santa Monica Blvd’s countless shops and restaurants, Santa Monica beach, and access to top-rated schools. A rare chance to own a fully renovated, move-in ready duplex with remarkable potential in one of Santa Monica’s most coveted neighborhoods.
Bread and Butter Santa Monica Apartment in very desirable neighborhood! Pride of ownership shows - beautifully maintained property! Strong unit mix - six 2-bedrooms, three 1-bedroom, and one studio.
The property consists of a 7,280 SF building situated on a 7,495 SF lot, built in 1958. The building consists of (4) 2-bed/1-bath and (6) 1-bed/1-bath units. Unit 5 is currently being renovated. New roof, new main and subpanels, new plumbing lines and new windows. Given the ideal location and in-place income, this is an excellent opportunity for an owner/user or a yield-focused investor to acquire an asset in Prime Santa Monica area.
The property consists of a 5,387 SF building situated on a 7,501 SF lot, built in 1960. The property consisting o two buildings with (2) 2-bed/1-bath and (5) 1-bed/1-bath units. Units A, B and D are currently being renovated. New roof, new main and subpanels, new plumbing lines and new windows. Given the ideal location and in-place income, this is an excellent opportunity for an owner/user or a yield-focused investor to acquire an asset in Prime Santa Monica area.
The property consists of a 5,387 SF building situated on a 7,501 SF lot, built in 1960. The building has (1) 3-bed/2-bath and (6) 2-bed/2-bath units. Some units have private patios or balconies. There is an on-site laundry facility. Unit 3 and 6 are being renovated. New roof, new main and subpanels, new plumbing lines and new windows. Given the ideal location and in-place income, this is an excellent opportunity for an owner/user or a yield-focused investor to acquire an asset in Prime Santa Monica area.
Welcome to 2511 4th Street, a FULLY VACANT blank canvas ready for an owner-user or savvy investor looking to reimagine a single-family residence with two flexible units. Priced at $775 per square foot, this value-add asset offers significant upside, with renovated comparables exceeding $1,300–$1,500 per square foot and an estimated ARV of $4M+. Situated on a 5,419 sq. ft. lot in one of Santa Monica’s most desirable pockets—just off 4th Street and walking distance to the ocean, shops, and dining—the property includes a 1,700 sq. ft., 3-bedroom, 2-bath front home plus two rear units (2BD/1BA and 1BD/1BA), ideal for rental income, guests, or creative use as an office, gym, or studio. An expansive open yard separates the front and rear structures, perfect for entertaining or future enhancements like a pool. Parking includes a driveway, two-car garage, and additional rear space for a total of four spots. For owner-users, the property may qualify for an exemption from Santa Monica rent control. The potential of this property is truly unlimited—bring your contractors and stop by to see it for yourself. For a full marketing & design package, please see the supplementals or contact our team.
Welcome to your modern oasis in Santa Monica, where you experience the true essence of indoor-outdoor living. It feels like four small houses on a private walk street behind a secure, coded gate. The design features clean, mid-century contemporary elements, including corner glass windows, polished concrete floors, post-and-beam accents, and built-in cabinetry. Each unit shares only one party wall and has windows on three sides, filling the spaces with natural light. Skylights further enhance the treehouse vibe. The units are surrounded by lush landscaping and walkways, with spacious private outdoor areas and in-unit washers and dryers. Notice the consistent, generous income for a great return on your investment. Unit B is currently vacant (and can be shown) and presents a great owner-user opportunity or can be filled by a family member or a new tenant. (The previous tenant was paying $3250 per month) Close to the best of the Westside: 13 blocks to the ocean, close to the myriad of shops and services on Pico Blvd. and Ocean Park Blvd., near Santa Monica College, local parks, community sports fields, Santa Monica Pool, Santa Monica's Main Street, 3rd Street Promenade, and just minutes to Venice's Rose and Abbott Kinney districts to the south or Wilshire Boulevard and Montana Avenue to the north. Five blocks to the Expo Line. (SB-79 opportunity?) It's also a short distance to wellness amenities, such as UCLA and Providence St. John's Medical Centers, as well as community arts venues like the Broad Stage and Bergamot Station. Interior photos were taken before 2025 as a sample, and the unit B vacant pictures and exterior pictures are current. It doesn't get any better than this! 'Towner Terrace. Santa Monica's Close in Subdivision Where Opportunity Knocks the Loudest, Where Your Future is Assured'
Investment opportunity in a prime Santa Monica location. 3 single level units. Unit A has newly refinished wood floors, updated kitchen counters and flooring. Unit C, the 2 bedroom unit, is currently owner occupied with 2nd bedroom and kitchen opened into a great room. This unit to be delivered vacant. Community laundry and electric car charger in one garage bay.
The building is 100% vacant, allowing immediate repositioning at market rents, an exceptional opportunity given Santa Monica's rent control restrictions. This 3,441 square foot property features one and two bedroom units, on site parking, and separate gas and electric meters. Walkable to the beach, Urth Caff, Abbott Kinney and Main Street amenities, the location offers lasting appeal for tenants and investors alike.
ATTENTION !!! ATTENTION!!! ATTENTION!!! First time home buyers , investors , developers and Air Bnb operators here is your Chance to get a DIAMOND in the rock a with multi-family 7196 Sq Ft lot home With huge potential exactly 7 mins away from Santa Monica Pier !! Amazing Santa Monica school district- Edison Elementary rated 8 out 10 and Santa Monica high school rated 9 out 10 with great School rating The front house has 3 bedrooms and 2 baths. The rear house is 1 bedroom with 2 baths. There is a detached garage which can be turned in to ADU EASILY This property is sold AS IS. Perfect location, walking distance to Virginia Park and Whole Foods. This Property is Zoned SMR2 which supports a range of future redevelopment scenarios . Unlock the possibilities in Santa Monica's hot Pico corridor -a dual home(or dual Income) property anchored by exceptional location, Size and development potential. Whether you are an investor seeking long-term play, or developer with a vision , this offering is worth seeing !!!!!
5 LARGE & PRIVATE OUTDOOR SPACES with LOTS OF LIGHT make this a Gem for owners and renters alike. In a sea of box like rental units the discerning buyer and renter will choose this property every time!... Newly offered at a 5.5% Cap rate and 12.88GRM, this turn-key 6-unit is an exceptional value for the investor that wants a stand out product in a desirable market. Expertly managed and maintained inside and out with upgraded interiors and curated exteriors; the current owners have ensured ease of ownership. A fully permitted ADU has been added to the property so to further capture high area rents. This is a most attractive asset for todays post Covid renters who are willing to pay a premium for modern conveniences with quiet, private and light filled outdoor space. Due to its unique appeal this property should continue to provide stable returns for its lucky new owner!!!
Reduced for a quick sale. The only Santa Monica deal with positive leverage (5.71% CAP on current). Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse's are leased until June 2026. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Parking is provided with four garages and one carport on-site. 2 garages and the carport are included in leases. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit.
Price Reduced *** Excellent Opportunity for Development or Place of Worship includes a Single Family detached Home (Zoned R-2), Rare opportunity to own a versatile property in the heart of Santa Monica. This property includes a church featuring soaring ceilings, stunning architectural details, and abundant natural light. Ideal for continued use as a place of worship or reimagining as a performance space, art gallery, or community center etc. The City of Santa Monica may allow building Residential Housing, ADU’s and Multifamily Apartments or Condo’s making this an excellent opportunity for investors seeking lucrative upside potential. Lot size is approximately 14,000 Square Feet. The Single-Family home is charming, well-maintained residence featuring 3 bedrooms, 1 Bathroom with a detached garage. Property features a spacious living room, and a private yard—perfect for a family or use as a rental property. The property offers easy access to world-class dining, shopping, beaches, and top-rated schools. Whether you're looking for a unique investment, a live-work opportunity, or a property with endless potential, this property delivers. Last put not least the Seller is willing to finance a first trust deed. See Remarks.
Great Unit Mix Consisting of Six 2 Bedrooms & One 1 Bedroom. Parking Space for All Units. Nice Large Floor Plans with Ample Closet Space. Some Units Have Private Patios, 2 Have Shared Patios. One Unit has Private Front Yard And Washer & Dryer. Hardwood Flooring In Some Units. Upgraded Units Have Dishwasher. Walk Or Bike To All The Happening Stores & Restaurants Right Here On Montana Ave. See OM in Documents for more detailed information. DO NOT DISTURB TENANTS. SEE INSIDE WITH ACCEPTED OFFER.
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.
