Discover a slice of paradise in the heart of Santa Monica with this charming bungalow, perfectly situated on a rare lot-and-a-half. Just seven blocks from the beach and a stone's throw from the vibrant Main Street, this home offers the ultimate coastal lifestyle. Step inside to find a light-filled oasis, where every room basks in natural sunlight, creating an inviting and warm atmosphere. The spacious yard is a private retreat, offering ample space for outdoor entertaining, gardening, or simply relaxing in the serene coastal breeze. Adding to its allure the property features a secondary home, ideal for hosting visitors or generating rental income. The duel-residence setup offers endless possibilities from a private retreat to a lucrative investment property. With its proximity to the beach and the best of Santa Monica's dining, shopping, and entertainment, this property is a true gem. Don't miss the opportunity to own a piece of Santa Monica's coveted real estate where comfort, convenience, and coastal living come together seamlessly.
Welcome to a truly special property that embodies the charm and warmth of a classic California bungalow, nestled in one of Santa Monica's most desirable neighborhoods. This rare offering features two single-family homes on one lot, separated by a garage and driveway, and legally zoned as a duplex, perfectly blending versatility, comfort, and opportunity. The front house is a bright and inviting 2-bedroom, 2-bathroom haven that exudes character with its timeless details and modern updates. Abundant natural light streams through every room, highlighting the seamless flow and cozy ambiance. Step outside and find yourself immersed in the tranquil private yard, a lush sanctuary perfect for relaxing, gardening, or entertaining under the California sun. The back house is a delightful 2-bedroom, 1-bathroom retreat that offers equal charm and privacy. Whether used as a guest house, a rental opportunity, or a creative workspace, this secondary home provides endless potential. This property is brimming with possibilities: Live in one home and rent the other for additional income. Create a multi-generational living setup while maintaining privacy. Use the secondary home as a studio or home office. As a resident, you'll enjoy Santa Monica's exceptional city benefits, including top-rated schools, abundant parks, and world-class shopping. Plus, you're just moments from the iconic beaches, shops, and dining that make this city so beloved.
Nice 9 Unit building located in nice area of Santa Monica. Property has (1) Large Three bedroom, 2 Bath. unit. (1) Two Bedroom, One and a half Bath. and (7) One Bedroom and One Bath units Clean street with multiple apartment buildings. Three garages in front and 4 parking stalls in the rear. Close to transportation and shopping. 13 blocks from the pier and ocean. 3 Units will be vacant. Offers subject to interior inspection Great upside. Good building for a 1031 deferred exchange.
Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
Trophy property in the highly coveted North of Wilshire pocket of Santa Monica generates close to $20,000 per month in revenue! This extensively remodeled 5-unit property offers an attractive mix of a front 3-bedroom/2 bathroom 1,500 sq ft home (perfect for an owner-user!), 2 studio units and 2 one bedroom units. You can live in the front house and still generate over $10,000/month in income or simply collect the rents from all 5 remodeled units. Enjoy Santa Monica living at its finest in this extensively updated trophy property, just one block away from the best shopping, dining, restaurants and entertainment Montana Avenue has to offer. Very low maintenance in this property which showcases a beautiful and quaint quiet courtyard. All units boast updated kitchens with newer countertops/appliances/cabinets, beautiful refinished wood flooring and updated bathrooms. Other highlights include large closet spaces, extra storage available for potential upside income and owned onsite laundry machines. Trophy buildings like this in a fantastic neighborhood that can serve as an owner-occupied opportunity with income do not come on the market very often!
Development opportunity in a prime location of Santa Monica. This fixer is situated on a large 7,194 square foot lot and is perfect for an investor or developer. There are 2 houses on one lot. The front house has 3 bedrooms and 2 baths. The rear house is 1 bedroom with 2 baths. There is a detached garage. This property is sold AS IS. Perfect location, walking distance to Virginia Park and Whole Foods.
Incredible opportunity to own this fantastic 4-plex in the heart of Santa Monica just 12 blocks from the beach. Centrally located near shops, hotels & restaurants, the popular Venice Beach area and the Santa Monica Pier, freeways & mass transportation. This classic 1940's 4-plex with all 2 bedroom 1 bath units has been thoughtfully remodeled with all new dual pane window, some units with remodeled kitchens & baths & repainted inside & out with hardwood & Pergo floors, spacious kitchens, center hallway and the front unit with a large private outdoor garden with lawn and barbecue area. Great upside potential and the perfect opportunity to sit back and collect the rents.
Location forms a triangular tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; beach to the West, Rose Avenue to the South and Main Street to the North featuring an urban melange of vibrant dining options, artisanal boutiques and specialty shops. This quiet and low traffic block of 6th Street is a spectacular time capsule evoking Santa Monica's past glory as a charming seaside village. This duplex is perfect starter home/investment for an affordable entry to Santa Monica. Both Units are occupied , month to month rentals. See Marketing Package for ADU potential. Back unit has private patio. Laundry room on site with sink. Rear yard. 2 car garage.
Over 5% CAP and stabilized 7 unit apartment building at 902 16th St. apartment is located in a prime Santa Monica neighborhood just one block south of Montana Ave., known for its upscale shopping and dining offering a charming and sophisticated atmosphere close to the beach. Carefully cared for and meticulously managed, this building features bright units with abundant windows and spacious balconies in some units. New roof was also installed this year to the middle structure. Exterior landscaping includes fruit trees and flower beds lining in the front and backyard. Comprising three distinct buildings, the property includes:* Building #1- facing 16th Street with four units: 902A & 904A on the ground floor, and 902B & 904B upstairs. Each floor shares a washer/dryer set between two units.* Building #2- standalone one-bedroom house at 1522 Idaho Ave, facing Idaho Ave.* Building #3- Two one-bedroom units situated above five garages facing Idaho Ave. 3 Units on Idaho Ave share a laundry room. This trophy property weathered the pandemic rental market downturn and historically has experienced low vacancy and fast turnovers. It offers a rare blend of prime location and sound investment, ideal for discerning buyers looking to invest in a well-maintained asset with steady rental income.
Perfect Owner User Large Vacant Unit and Collect Rent From The Other Five Units Assumable Loan: $1,075,000 at 6.44% Interest Only fixed with the first five years interest only. We are pleased to present the exclusive listing of 1427 Euclid St. The property built in 1924 consists of six units, totaling 3,462 rentable square feet on a 7,482 square foot lot. The property consists of bungalow-style units, with the unique feature of being housed in ve separate structures. This layout offers tenants enhanced privacy due to minimal shared walls, which is a rare characteristic for multi-family properties in the area. Additionally, the property includes four single-car garages and has recently serviced roofs, ensuring that the buildings are well-maintained with minimal immediate repair needs. This combination of privacy, functional living space, and upkeep makes the property attractive to prospective tenants. The location of 1427 Euclid Street is one of its strongest selling points. Situated close to Downtown Santa Monica, the property benets from easy access to a wide range of entertainment, dining, and shopping options. The area is known for its beachside lifestyle, excellent weather year-round, and vibrant cultural scene, which continues to drive strong demand for rental properties. Moreover, Santa Monica's appeal as a top-tier residential area is further bolstered by upcoming developments that will enhance the local infrastructure and economy. For instance, the 1945 Euclid Street project will introduce 39,000 square feet of ofce and retail space to the neighborhood, which is expected to increase job opportunities and draw even more people to the area. Additionally, high-end projects like Aire Santa Monica, a luxury residential development, are elevating the standard of living in the region, further increasing its appeal to afuent residents. The combination of a prime location, a growing local economy, and increasing demand for housing makes this property a strong investment opportunity. With its privacy-focused design, proximity to high-demand areas, and continued infrastructure development, 1427 Euclid Street offers strong rental income potential and long-term appreciation prospects. Santa Monica's competitive rental market also presents some risk, but the overall demand in the area and the property's unique characteristics position it well for sustained success.
We are pleased to offer for sale an incredible multi-family asset at 2319 6th Street in the heart of LA's famed beach City of Santa Monica. Originally built in 1965, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. There is massive rental upside and on-site parking for 15 cars (all soft story retrofit has been completed) as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath and (2) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. In close prozimity to popular Main Street and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Easy fixer or place to park your 1031 Exchange. Keep two unit or convert to SFD, 1 mile from beach, across from park, and adjacent to Expo Line. Nice detached garage.
A Santa Monica Developer's Dream! DELIVERED WITH 10 VACANT UNITS! We are proud to present 2711-2715 Pico Blvd, a rare 16-unit apartment property in the heart of Santa Monica, offering incredible potential for investors and developers alike. Set on a sprawling 20,897-square-foot lot, this property features two side-by-side buildings comprising 14 one-bedroom units and 2 two-bedroom units, all with charming hardwood floors. Parking is conveniently located at the rear of the property, adding to its tenant appeal. Plus, it's situated directly next door to a Starbucks, ensuring unparalleled convenience and walkability. This property presents a remarkable value-add opportunity through renovation or redevelopment. Zoned MUBL (Mixed-Use Boulevard), the site allows for FAR 2.0 and 45' height under base standards. Potential for FAR 2.5 and 55' height with 100% affordable housing projects (buyer to verify with the City of Santa Monica).
Courtesy: Silton Properties
We are pleased to present a generational multifamily offering in the seaside enclave of Santa Monica. Set prominently along a tree-lined street, 1424-1428 12th Street is a trophy asset consisting of 20, oversized compared to market, units and beautifully landscaped grounds. Encompassing 17,880 SQFT and situated on a very large lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1-bath units, or 2 substantial3-bed, 1-bath townhouse units. Each of these units has a great floor plan flooded with natural light. 14 units have been luxuriously upgraded and tastefully appointed with an in-unit washer and dryer (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting. Additionally, the property has an on-site laundry facility and ample assigned parking (soft story retrofit work has been completed, Buyer to verify). The property also includes new construction windows, new roofing and gutters, a custom stucco facade, and more. A quick stroll to the beautiful beach, downtown Santa Monica, and the high-end dining and shopping of Montana Avenue and 3rd Street Promenade, 1424-1428 12th Street is close to all Santa Monica has to offer. The property is also situated just across the street from one of Santa Monica's top private elementary schools, Pluralistic SchoolOne. With fantastic in-place income, enormous upside potential, and a secured tenant base, the property gives buyers the opportunity to own a generational asset in one of the most prized and coveted locations in Los Angeles.
We are pleased to present our newest exclusive listing in Santa Monica. This 5 unit property is EXTENSIVELY renovated both on the interiors and exterior. The three charming units in the front have been extensively renovated with new quartz and custom tile kitchens, stainless steel appliances, tiled bathrooms, and new flooring throughout. The back two XXL Townhomes are brand new construction boasting large three bedroom floorplans. The building is solar powered, includes private patios and private balconies with mountain views, and has washer and dryer hookups. Additionally there are a total 11 parking spots which consist of 4 garage spots, 4 partially covered parking spots, and 3 spots in front of the garages. Tenants in the front three units have access to their own private fenced backyards. The property is located on a quite cul de sac boasting an 88 WalkScore and is minutes from Santa Monica Pier and all that the vibrant city has to offer. The property is located just north of Lincoln Blvd and the 10 Freeway giving tenants easy access for commutes and maneuvering around the city. For an investor looking to clip coupons and enjoy a cash flowing asset in a growing area, look no further. For more information, please reach out to the listing agent.
101 - 103 Strand Street is a prime OCEAN FRONT Santa Monica Beach Location! A rare opportunity for an Owner User to live at the beach with Ocean Views and have rental income. Seller Financing up to 80% for 2 Years for qualified buyer. There are no comparable multifamily buildings this close to the beach with Ocean Views that have sold and few comparable rentals. Condo sales in the area that are even close to this location have a comparable average of $1245 Per Sq Ft plus homeowners dues averaging $1587. OWNER'S UNIT: Upstairs 2 Bedrooms & 2 Baths. Ocean Front Views from both Bedrooms & Front Patio. Real hardwood floors throughout. Tiled flooring and granite counter tops in kitchen and bathrooms. Dual paned windows. Stack washer/dryer & lots of closet space. Copper Plumbing. 3 of the 7 units have laundry in the units, the other units have space to add stack washer/dryers and there is a laundry room on site with machines that are owned. This rare 7 unit apartment building directly across from the beach on Ocean Avenue boasts stunning Ocean views, Sunsets and sits just above the sandy shores of Santa Monica Beach. Live the experience of beachfront living. Get right onto the beach bike path or walk to Main Street with great restaurants and shopping. PLEASE DO NOT DISTURB TENANTS.
The property located in a heart of Santa Monica, close to many shops, restaurants and entertainment establishments, and Santa Monica Beach. Stable occupancy and income stream with substantial up side potential (approximately 32% below the market rent). 1) High Demand Rental Area with Quiet Neighborhood, 2) On-Site Laundry Room for additional income, and 3) Two units have updated with new kitchen and bathrooms
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.
Courtesy: Andrew C. Lee
First time on the market! Great value-add opportunity on this very well maintained 10 unit property. Some rents can be raised to the MARs (Buyer to confirm with Santa Monica Rent Control). There are (6) 2 bedrooms/1 3/4 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Gross Annual Income using current rents is $237,884. This should improve to approximately $250,352 with the several rents which can be raised to match MARs. The Gross Income, GRM and Cap rate below are based on $250,352 Gross. See current Rent Roll with potential increases (see documents tab). Property will need soft-story retrofit. Seller has provided two contractor proposals (see documents tab). Inside with an accepted offer. Please do not disturb tenants. Please text for the quickest response. Voicemail and email also answered promptly. Thank you for your interest!
Unique opportunity to own a unique property. Single family residence with a 2 story triplex, (2 bedrooms each) in the rear of the property--4 units in total with city stamped plans to renovate the front house and add an ADU for a total of 5 doors. Close to SMC, Whole Foods, and adjacent to Virginia Ave Park--just 1.7 miles to the beach. All units are spacious, each around 1100 square feet, and 3 of the 4 will be delivered vacant at close of escrow. This property is ready for its next chapter and its next owner-- this is your chance to make your mark and own something truly special. *Photos have been virtually staged* Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer and agent are advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer is to rely solely on his/her/their own findings.
1312 19th Street is a multifamily investment opportunity that features six spacious units in the heart of Santa Monica. The property includes an over 2,000SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry ,and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential. With half of the units delivered vacant this property presents an excellent value-add opportunity, offering significant potential for growth and appreciation for years to come. The enormous 4 bedroom townhouse is perfect for owner occupancy.
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.
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.
