Located in Santa Monica, at the corner of 26th St and Montana ave, stands a remarkable property with 2 large homes on a lot, with the rear house at 821 26th St, vacant and front house can be delivered vacant. This property represents California living at its best! This exceptional property boasts 3,705 square feet of meticulously designed interior space, priced at $1,024 per SF (one of the lowest in Santa Monica) which is set upon an expansive 8,825 SF lot, offering elegance, comfort, and convenience. The allure of the property is apparent with lush landscaping and manicured gardens. The interiors are bathed in natural light, courtesy of large windows in every room. The living spaces are designed with both relaxation and entertainment in mind. The living rooms, one with a wood burning fireplace, serve as the perfect gathering spot on those cozy evenings. The dining area transitions into the kitchen which features custom cabinetry, an oversized pantry and expansive granite countertops. Beyond the main living areas lie the many bedrooms, each offering a private bathroom. Both primary suites, boasts generous proportions and en-suite bathrooms. The rear home primary suite also features a fireplace, a balcony, a dumbwaiter and walk-in closet space. The Additional spacious bedrooms, each with their own private bathrooms, offer versatility and privacy for family or guests. Tucked away upstairs on the 3rd floor, a spacious loft with a bedroom and a dedicated bathroom offers a retreat with privacy. The loft with generous dimensions, provides ample space for relaxation or productivity, a versatile workspace. Outside, the allure of California living truly comes to life. The sprawling backyard, a private retreat amidst the city, features a spacious pool with lush greenery, offering relief on those warm summer days. The meticulously landscaped grounds provide ample space for outdoor entertaining and dining. The property features two, 2-car garages, providing plenty of storage and convenience for residents and their vehicles. Situated in one of Santa Monica's most coveted neighborhoods walking distance to award winning Franklin elementary school, this property offers unparalleled access to the best the city has to offer. From world-class dining and shopping along Montana Avenue to the sunny shores of Santa Monica Beach. This property with its design, spacious interiors, and captivating outdoor space represents the quality of California living! Live in one and collect rent on the other. Both homes can be delivered vacant!
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.
Seller Motivated!! 1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building located in the Ocean Park Submarket in the City of Santa Monica. Situated on a 6,617-sf corner lot, the property contains a highly desirable unit mix of (five) 2-bedroom/1-bathroom units and (two) studio units, while (one) 2-bedroom/1-bathroom unit is a spacious townhome. The property was retrofitted within the last two years; foundational work was completed in 2023, and a new concrete driveway was installed in November 2022. Furthermore, there are a total of ten parking spaces with four additional tandem spots. 1047 Ocean Park Blvd provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica! The asset has a value-add component with approximately 42% in rental upside and a 6.64% pro-forma cap rate and 10.87 pro-forma GRM!
We are pleased to offer for sale a nine-unit apartment community located at 301 Ashland Avenue. The subject property is located just three blocks from the beach, in an excellent Santa Monica location. Situated on a 7,727 square foot parcel, the property is comprised of five one-bedroom units and four two-bedroom units with spacious layouts and offers 16 parking spaces. The property has undergone a comprehensive renovation program to the exterior, common area and majority of the interior units. 78% of the units feature stainless steel kitchen appliances, in-unit washer/dryer, central heat/AC, new flooring, new countertops, new bathrooms, new lighting & more. Exterior renovations include new windows in all units, new landscaping, new smooth stucco, new electric meters/panel, new front doors & more. The continued growth of the surrounding submarket along with the high-quality interior & exterior renovations makes 301 Ashland Avenue an excellent investment opportunity poised for long term stability.
Incredible opportunity. HUGE $1,200,000 REDUCTION FROM ORIGINAL LIST PRICE!!! Bring all offers. We are pleased to offer for sale rare multifamily assets at 937 & 943 2nd Street in the coveted beachside community of Santa Monica. These side by side properties each have their own APN and share a beautiful stone paved courtyard. The properties boasts a great unit mix of 1 & 2 bedrooms, all with significant rental upside. Just a block to Montana Avenue and a block to the beach, these properties truly reflect the Santa Monica beachside vibe. 937 & 943 2nd Street puts residents in the center of everything Santa Monica has to offer. Additionally, the property has on-site parking, an on-site laundry room (machines owned by Seller) and lushly landscaped grounds.
With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households. However, Section 8 program tenants qualify and this allows for the units to be rented close to market with the the Section 8 program paying the bulk of their rent. (Buyer to independently verify.) Importantly there is also the potential to add multiple non-rent-restricted ADUs given the garages located both in front and back of the building. The property is currently on the City of Santa Monica soft-story retrofit list and completion of the soft-story retrofit can occur concurrently with the ADU construction. Buyer to verify all of the above with the City of Santa Monica. (Please note the retofit due date was September 2023, per the City’s website.)
An exceptional investment opportunity awaits in the bustling city of Santa Monica! Positioned near the vibrant crossroads of Montana Ave and 19th St, this expansive two-story building spans 7,180 square feet. Recently underwent Soft-Story Retrofit to meet LADBS regulations, it features six units: five boasting three bedrooms each, and one with two bedrooms. The property includes on-site covered parking, accommodating six cars with individual garages at the rear. With substantial potential for increased rental income, this property appeals to both owner-users and seasoned investors seeking to diversify their portfolios. Conveniently located just a stone's throw away from Trader Joe’s, Pavilions, and the Aero Theater, it offers proximity to a plethora of chic boutiques, diverse eateries, and entertainment options. Nestled amidst the vibrant Santa Monica Boulevard scene, and only minutes away from the sun-kissed shores of Southern California beaches, this property embodies the epitome of coastal living and urban convenience.
Seller Financing available up to $2m @ 5%!! Ultimate OWNER/USER opportunity in the Franklin School District of Santa Monica! True pride of ownership building located steps to Montana Ave and North of Wilshire. Front owner townhome is a 3 bed + 3 bath with approx. 2,300 sf of living space and a huge 2-car attached garage with separate laundry area, just for this unit. Perfect layout for a family and has a lovely front patio area. Large building with over 9,200 sf of living area on an 8,000 sf lot. Excellent unit mix consisting of (1) 3 bed +3 bath owner townhouse, (2) 3 bed + 3 bath, (3) 2 bed + 2 bath, and (1) 1 bed + 1 bath. Excellent parking with 7 individual spaces and 13 spaces total if used as tandem. Every unit comes with a storage unit in the parking area. Gated entry for added security. Substantial capital improvements to the entire building including copper plumbing, dual pane windows throughout, new electrical panel, interior remodels, and more. Soft-story retrofit was completed after earthquake and is not required. Subject to Santa Monica rent control.
PRICE REDUCED FOR FAST SALE! We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are six vacant units (3 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market.
Rare development opportunity located in the Santa Monica Canyon located 1/5 Block from the Beach. Property is situated between W Channel Rd and backs onto Chautauqua Blvd.17,136 sq ft total lot size comprised of 4 separate parcels currently with 2x 4 unit buildings, Single Family house and vacant lot. All parcels are to be sold concurrently together. Santa Monica mailing address but LA City real for Building codes. Potential to build 30-59 Units .Current zoning C-2Q would allow 30 Units and R-4 density bonus could allow up to 59 units if parking limits are met. 153 W Channel Rd is a 4 unit Ocean View apartment building with 2 units delivered vacant at close with a current gross Income of $134,864 year with 2 units vacant at close of escrow.157 W Channel Rd is a 2 story 1928 4 unit Building with Canyon and Ocean Views with current gross income of $142,867 with 2 units being delivered vacant at close. (Market rent for vacant units being used for current Income) Total Income of $277,731 for the 8 Units. The 3 Bd 2 Ba Single Family w/ some Ocean View, home approx. 1500 sq ft (Owners Home) vacant at close of escrow with projected rent of $96,00 yearly with a total of $373,000 Gross income at a 3.1 cap with Additional vacant 4488 sq ft lot being used as a garden. Potential market rent at $444,000 at 4 cap. Preliminary Development feasibility for the property has been conducted and renderings provided by Ketter Construction and development firm at 30 Units with 1 Commercial space and a Gym which could later be converted to ADU.
Duplex in Santa Monica. Front unit --> 3 Bdr / 1 ba with Living area w/ Dining. Back unit --> 2 Bdr 1 Ba unit with Living room, Dining Room + Spacious kitchen. Garage in Rear is converted into a 1 Bdr / 1 Bath unit. Close to the Beach, Shopping, schools & 10 & 405 Freeways.
Santa Monica is located in California. Santa Monica, California has a population of 92,495. Santa Monica is less family-centric than the surrounding county with 30.04% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Santa Monica, California is $86,084. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Santa Monica is 40.5 years.
The average high temperature in July is 71.8 degrees, with an average low temperature in January of 50 degrees. The average rainfall is approximately 16 inches per year, with 0 inches of snow per year.
