1234 Harvard St is located in a prime Santa Monica neighborhood just steps away from Erewhon, Los Angeles's premier luxury grocery store. This property offers an owner minimal low vacancy and fast turnovers due to its fantastic location and proximity to jobs and three grocery stores within a half-mile distance. The property is located nearby Wilshire Boulevard, offering residents each access to the beach, Santa Monica Promenade, or other job centers in LA such as Culver City, Century City, and Sherman Oaks. The property has been meticulously maintained by its current owners. The property features large balconies in some units and parking foreach unit. 1234 Harvard represents a unique opportunity to acquire a pride of ownership property in a great neighborhood of Santa Monica with an opportunity to capture over 27% in rental upside on currently occupied units and 44% upside inclusive of an ADU. Buyer to do their own due diligence regarding financials and ADU feasibility.
Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!
Presenting an incredible value-add opportunity in the heart of Santa Monica! This property comes RTI for a 7-unit apartment building. Delivered fully vacant and one block from Montana Avenue. The plan features a tasteful renovation of the 4 existing apartments while adding 3 additional units. The charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit gardenwith the opportunity to build an additional duplex on what is currently the center courtyard, and a studio ADU over the garage. Seller has plans and permits stamped and approved to build three ADUs and renovate the existing units into Class A Spanish-style bungalows. A can't-miss opportunity to build one of the few new construction apartment complexes in the most desirable renter's market in Los Angeles.
Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The present owner kept seven units vacant in order to remodel them but is just starting to rent them. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, The building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and installed new earthquake valves. Seven of the units have just been remodeled. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. The units will have new appliances installed as three additional units are currently being done. Seven units are vacant and can be rented at market price according to the city of Santa Monica. That process has begun. The buyer should verify and double-check that information with the City. There is covered parking for 10 cars. The building will need window coverings in the seven units.
Prime Sunset Park remodeled detached 3 bedroom 2 bath house in the front and a separate triplex plus 2+1 brand new ADU in the back with in unit laundry. The structures are separated by a communal courtyard area. The house has recessed lighting, hardwood floors, stainless steel appliances and an in home washer & dryer. Additionally, the house has driveway parking and a garage which has been converted into a playroom. The back consists of a (2) 1+1's, a studio with its own private yard and a brand new 2+1 ADU. There is also coin operated laundry on the premise. 2 units will be delivered vacant, the 2+1 and a 1+1. Write all offers subject to interior inspection.
Situated in the picturesque Ocean Park neighborhood of Santa Monica, 2306 3rd Street stands as a rare gem for investors seeking a prestigious addition to their portfolio. Sitting on a double lot, this legacy 12-unit property features an eclectic mix of residential options, including (1) 4-unit building, (1) duplex, (1) single-family residence with an attached studio, and (4) detached bungalows. With a unit mix of (3) 2-bed/1-bath, (8) 1-bed/1-bath, and (1) studio, the property offers a total of 7,937 square feet of rentable space on a generous 12,703 square foot lot. Boasting a 4.25% CAP rate and a market CAP rate of 6.35%, the investment potential is substantial. Residents enjoy the perfect blend of comfort and convenience, enhanced by the property's prime location. Positioned just blocks from the beach and within walking distance of top-tier retail and restaurants, 2306 3rd Street benefits from its enviable location between Venice Beach and Downtown Santa Monica. Whether you're seeking steady returns or aiming to capitalize on the area's dynamic growth, this property represents a compelling opportunity in coveted location.
ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
We are pleased to offer for sale an incredibly rare multifamily asset at 537 San Vicente Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in 1957, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. There is significant rental upside, and on-site parking for 33 cars (and a wrap around driveway for additional parking), an on-site laundry facility and beautiful sparkling pool. The unit mix includes (19) 1-bed, 1-bath units, and (14) 2-bed, 2-bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A quick walk to Montana Avenue 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.
5-Unit Multifamily Investment Opportunity in Prime Santa Monica. This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area's stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM. Property Highlights* Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios. * Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment. * Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit. * Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds. All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit. This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of Santa Monica.***Owner-User Opportunity: The vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed***Prime Santa Monica Location: Moments from the Santa Monica Pier, Venice Beach, and the vibrant local lifestyle.***Modern Upgrades: Property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main***Upside Potential: Current 5.00% cap rate and 13.06 GRM with potential to achieve 5.48% cap rate and 12.27 GRM.***Spacious Units: All units are generously sized and include hardwood floors, separate entrances, and tasteful finishes.***CONTACT US FOR AN OM***
Stunning quadruplex heart of Santa Monica. Large backyard that is shared among the 4 units. Centrally located close to the beach, 3rd Street Promenade & Santa Monica College along with a huge variety of restaurants, shopping and entertainment options. A great investment opportunity!
Price Improvement! First time to market in over 60 years! Beautiful, income generating 16-unit apartment complex spanning two lots in Santa Monica. The apartments in the complex open up to a large grass courtyard bathed in California sunshine. The spacious property also lends itself to a potential for development in the heart of Santa Monica. On the boarder of Downtown and Midcity Santa Monica, this complex is surrounded by restaurants and shops, and just minutes from the beach and 10 Freeway. Two parcels totaling: approximately ~14,990 square feet of land and ~6,480 square feet of building per the assessor.
New Price We are pleased to present the exclusive listing of 1423 Euclid St a three-story, eleven-unit multifamily property nestled in the heart of Santa Monica. The property offers a variety of living spaces, including two townhome-style 2-bedroom, 2-bathroom apartments, three spacious 2-bedroom, 2-bathroom apartments, four cozy 1-bedroom, 1-bathroom units, and two comfortable studios. Many units have private balconies. Each unit features gated entry & ample parking in secured garages or through the alley. Built in 1974, the property also boasts common area laundry. The second and third-floor units are bright and airy, with natural light and views stretching from the Santa Monica Mountains to Catalina Island. Recent upgrades include a new hot water boiler in 2023, a new roof in 2019, and partial sewer and electrical upgrades over the past few years. Residents will enjoy a 7-minute bike ride to iconic destinations like the Santa Monica Pier, Santa Monica Beach, and the vibrant 3rd Street Promenade, which hosts renowned brands such as Nike, Louis Vuitton, Nordstrom, Tesla, and Apple. Additionally, the area offers ample dining options, from local favorites like Wally's and the Cheesecake Factory to cozy cafes like Starbucks, La La Land Kind Cafe, and Urth Cafe. Santa Monica's relaxed beachside vibe and year-round pleasant weather make it an ideal place to live, complete with breathtaking ocean views. The upcoming 1945 Euclid St. project will introduce a three-story building with 39,000 square feet of office space and a two-story underground parking garage, developed by RedCar Properties. RedCar Properties is also working on three neighboring developments1640 14th St., 1650 Euclid St., and 1630 Euclid St which will add significant office space and retail, replacing an unattractive tow yard. These developments will generate job opportunities, drive housing demand, and enhance the area's appeal. Additionally, the nearby Aire Santa Monica is a luxury residential development featuring 19 units, including 11 townhomes and 8 flats, with high-end finishes and premium amenities, offering an upscale living experience with a focus on comfort and elegance.
Discover this fully remodeled California Bungalow building in the coveted area of Santa Monica. There are Five units. All Units are tastefully Upgraded and offer a comfortable and modern living experience. Make your way inside and be greeted by restored wood flooring. Main House with its beautifully redesigned bathroom and standup glass shower enclosure adding a touch of elegance and functionality to your daily routine. All units stands apart as it has no attached walls, offering a sense of privacy and tranquility that feels more like a standalone home. The main house is vacant and great for Owner users. All Units are totally remodeled with New Bathroom and done Showers. In unit Washer and Dryer in the Three Units. Separate two other Studio upstairs and they are Sharing community washer and Dryer. Four Cover Parking garage spaces with alley access. Phenominal Location with easy access to some many top dining, markets, parks, and schools. Embrace the vibrant Santa Monica lifestyle with all the amenities and conveniences at your fingertips. Don't miss the opportunity to call this beautiful building a home and a fantastic generational investment vehicle.
Back on the Market - One Unit will be Delivered Vacant - This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. This is a great value-added investment opportunity for an owner-user or an investor to acquire a double lot, 7 unit investment property (1850 9th street to be acquired separately) . 1856 9th St. consists of a 4 plex with the following unit mix 2, one-bedroom, one-bathroom units and 2, two bedroom, one bath units there is a two car garage that is attached to the rear unit. These units are situated on a large 7,283 sq. ft. lot, zoned R2. The value-add opportunity would be to acquire the adjacent property to add additional parking, build an ADU or combination thereof.
Back on the Market - Owner User Opportunity (one unit to be delivered vacant) & A great value-added investment opportunity for an investor to acquire a double lot, 7 unit investment property (1856 9th street to be acquired separately) . This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. 1850 9th St. consists of 3, one-bedroom, one-bathroom units and is situated on a large 7,232 sq. ft. lot, zoned R2. One of the one-bedroom units, with laundry, will be delivered vacant. The site has a large vacant area at the rear of the property. The value-add opportunity would be to add additional parking, build an ADU or combination thereof.
1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented. With its well-maintained exterior and stylish landscaped surroundings this building has great curb appeal which adds to the overall value of the property. The building's prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To name a few great shops and restaurants there are: Local Kitchen & Wine Bar, Thyme Cafe & Market, Brook Rod, Bob's Market, Love Coffee, Handel's Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School, and Santa Monica City College. For Value Add - Perfect opportunity to covert the garage into ADU's - Possibly 2!
1446 & 1448 Yale Street is a seven-unit 3,725 net rentable SF property located in Santa Monica. The unit mix consists of (1) x Studio/1 Bath unit and (6) x 2 Bed/2 Bath units. Zoned R2, the property sits on a 9,000 SF lot. Originally built in 1946, the property has been recently completely renovated. Onsite amenities include gated glass entry, lush landscaping, courtyard with a BBQ, and fully-equipped kitchens with deluxe stainless steel appliances. The property includes a one-story building and a two-story building. There are five carport parking spaces, along with a multi-bike rack within the gated property. The property is located just southeast of Santa Monica Blvd. The 10 & 405 Freeways are located nearby. The Expo/Bundy Metro Station stop is located within 1.2 miles. For more information on Maximum Allowable Rents, please refer to the City of Santa Monica Housing Authority and Rent Control.
1446 & 1448 Yale Street is a seven-unit 3,725 net rentable SF property located in Santa Monica. The unit mix consists of (1) x Studio/1 Bath unit and (6) x 2 Bed/2 Bath units. Zoned R2, the property sits on a 9,000 SF lot. Originally built in 1946, the property has been recently completely renovated. Onsite amenities include gated glass entry, lush landscaping, courtyard with a BBQ, and fully-equipped kitchens with deluxe stainless steel appliances. The property includes a one-story building and a two-story building. There are five carport parking spaces, along with a multi-bike rack within the gated property. The property is located just southeast of Santa Monica Blvd. The 10 & 405 Freeways are located nearby. The Expo/Bundy Metro Station stop is located within 1.2 miles. For more information on Maximum Allowable Rents, please refer to the City of Santa Monica Housing Authority and Rent Control.
HUGE PRICE REDUCTION! 326 San Vicente Blvd. is a prestigious investment opportunity located in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an incredibly rare unit mix consisting of all extremely large 2-bedroom 2 bath units. Each of these units are extremely spacious and have a terrific floor plan. The property is situated on a massive half acre corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2.08/SF. Additionally, there is parking for all units as well as an on-site laundry facility. All units look out to a serene and beautifully landscaped courtyard, and residents enjoy being walking distance to Montana Avenue and the beach. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. 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.
Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing Updated Electrical Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***PLEASE CONTACT US FOR AN OM***
Property consists of two separate structures, a double-car garage plus eight open parking spaces serviced by a rear alley. The front building has five units including one 3 BD/1 & 1/2 BA unit and four 2BD/1BA units. The rear building is a 2 BD/1 BA single family house. Great rent income upside on tenant turnover.
Incredible investment opportunity located 5 blocks from the beach in the highly desirable Wilshire / Montana neighborhood of Santa Monica. This 11-unit apartment building consists of (3) two bedrooms one bathroom, (6) one bedroom one bathroom, and (2) singles. Units consist of hardwood floors, standard kitchens, and balconies/patios. Currently, there are 9 vacant units giving an investor the opportunity to achieve market rents. Exceptional Santa Monica location - within close distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.
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.
First time on the market in over 36 Years! This triplex was built in 1923 and is located in the well sought after Ocean Park neighborhood of Santa Monica just blocks from Main Street and the beach. The property is the perfect owner-user or developer's dream and is comprised of three units and two individual one car garages. The property offers side by side studio/1 bath apartment units in the front and a stand-alone studio/1 bath apartment in the back. Each unit has its own electric meter. Needs some TLC with tremendous potential. With the ability to obtain market rents in a highly desired neighborhood, this property offers investors or owner-users a great opportunity to acquire a value add asset in a strong rental market.
Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.
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.
