In a prime Santa Monica setting, this updated two-bedroom, two-and-a-half-bath townhouse spans two levels of thoughtfully designed living. Hardwood floors ground the expansive main level, where soaring ceilings create volume and light in a generous living area anchored by a sleek central fireplace. The adjoining kitchen is finished with granite counters and a full suite of stainless-steel appliances, including a refrigerator, range, dishwasher, and microwave. A bar-top counter and casual breakfast nook extend seamlessly to a petite outdoor patio, offering a natural flow for both daily routines and relaxed gatherings. A full-sized washer and dryer add convenience on the main floor. Upstairs, both bedrooms feature walk-in closets and window shutters, while the spacious primary retreat impresses with vaulted ceilings and an oversized en-suite bath complete with a walk-in shower. Two parking spaces accompany the residence, enhancing everyday ease. Just moments from the beach, Downtown Santa Monica, Douglas Park, Lincoln Middle School, and a variety of neighborhood amenities, this townhouse offers a balanced blend of comfort, function, and location.
1117 6th Street presents a rare opportunity to acquire a well-located, 27-unit multifamily asset in the heart of Santa Monica, just six blocks from the beach and three blocks to the world-renowned 3rd Street Promenade. Built in 1971 and offered for sale for the first time in over 40 years, the property spans approximately 29,535 square feet on a 14,800 square foot lot and offers an ideal unit mix for the local tenant base: nine (9) 1-bedroom/1-bath units, ten(9) 1-bedroom/1.5-bath units with dens, six (7) 2-bedroom/2-bath units, and two (2) 2-bedroom/2-bath units with dens. Many units feature spacious floorplans, ample closet space, and extra storage. The building has undergone recent capital improvements, including a new roof installed just two years ago and completed balcony inspections and repairs, reducing near-term capital needs. Residents enjoy 40 gated garage parking spaces, controlled-access entry, onsite laundry facilities, and an elevator, all of which enhance tenant convenience and retention. The property is attractively priced at under $400 per square foot, offering investors significant value relative to comparable assets in this supply-constrained coastal market. With stable in-place income and meaningful upside through interior renovations and tenant turnover, 1117 6th Street presents a compelling blend of immediate cash flow and long-term appreciation potential. Situated in one of Southern California's most desirable rental markets with access to retail, dining, employment centers, and transit this asset is well-positioned for investors seeking a well-maintained building with growth potential.
With an assumable 3.5% loan, this six-unit income property in Santa Monica gives investors access to below-market financing that dramatically improves cash flow and ROI from day one. Ideally located less than one block from Montana Avenue, 921 16th Street places residents steps from some of the Westside's most sought-after restaurants, cafes, and retailers, including Bread Head, Lalaland Kind Cafe, Whole Foods, Williams Sonoma, and more. With an A+ walkability score and a short stroll to both Montana Avenue amenities and Santa Monica's world-renowned beaches, this location commands enduring tenant demand and premium rental rates. The property consists of six units across three well-maintained buildings, each recently remodeled with consistent finishes and unique layouts. Many units feature private patios, while practical amenities include a shared laundry area, bike storage, ample alley parking (plus street parking for one-bedroom units), additional storage, and tankless water heaters, ensuring convenience and long-term tenant retention. For investors seeking upside, the property offers clear value-add potential with the ability to add one to two additional units, unlocking up to $100,000 in annual income growth. This is a rare chance to acquire a turnkey, cash-flowing, and tax-efficient asset in one of Santa Monica's most coveted rental corridors blending immediate returns with long-term growth in a blue-chip location. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 Christie's RE SoCal, DRE 01527644*
A rare opportunity for investors: 1047 9th Street is a Mills Act property, offering significant property tax savings that directly improve net operating income, making this a uniquely attractive turnkey investment in Santa Monica's coveted Wilshire Montana neighborhood. This historic compound consists of three fully updated bungalows on a single lot, each with private outdoor space, in-unit laundry, and two parking spaces with EV-charging capability. These modern amenities, paired with classic architectural charm, ensure strong tenant appeal and low vacancy. The location boasts an A+ walkability score, just steps from Montana Avenue's premier shopping, dining, fitness studios, and a short stroll to the beach, offering lifestyle convenience that commands premium rental rates. Beyond its current stability, the property also presents clear value-add potential: entitlements allow for the addition of one to two two-bedroom units, with projected rental upside of up to $120,000 annually, while preserving its historic character. This is an exceptional opportunity to acquire a cash-flowing, tax-advantaged asset in one of Santa Monica's most desirable neighborhoods, blending immediate returns with long-term growth potential. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 Christie's RE SoCal, DRE 01527644*
Perched high above the Pacific on the 12th floor of the prestigious Ocean Towers P Tower, this rare residence offers breathtaking, unobstructed whitewater views from every window. A true gem along the Santa Monica coastline, the home captures sweeping vistas of Malibu's iconic Queens Necklace, the Palisades Bluffs, and the endless horizon beyond. Designed for those who demand the finest in coastal living, this residence combines sophistication with serenity. Just moments away, experience the acclaimed boutiques and dining of Montana Avenue, while returning home to the privacy and elegance of one of Santa Monica's most sought-after addresses. Ocean Towers provides an exclusive collection of resort-style amenities, including a state-of-the-art fitness center, year-round heated swimming pool, sauna, 24-hour concierge, valet parking, and dedicated recreation facilities. With unparalleled views, unmatched services, and an extraordinary location, this offering presents a rare opportunity to own a piece of Santa Monica's most coveted luxury real estate.
Perched high above the Pacific on the 12th floor of the prestigious Ocean Towers P Tower, this rare residence offers breathtaking, unobstructed whitewater views from every window. A true gem along the Santa Monica coastline, the home captures sweeping vistas of Malibu's iconic Queens Necklace, the Palisades Bluffs, and the endless horizon beyond. Designed for those who demand the finest in coastal living, this residence combines sophistication with serenity. Just moments away, experience the acclaimed boutiques and dining of Montana Avenue, while returning home to the privacy and elegance of one of Santa Monica's most sought-after addresses. Ocean Towers provides an exclusive collection of resort-style amenities, including a state-of-the-art fitness center, year-round heated swimming pool, sauna, 24-hour concierge, valet parking, and dedicated recreation facilities. With unparalleled views, unmatched services, and an extraordinary location, this offering presents a rare opportunity to own a piece of Santa Monica's most coveted luxury real estate.
This is a value add investment opportunity in a great location. The property features a mix of studios and a 2-bedroom unit with abundant outdoor space and on-site parking. As an investment, the property offers investors an incredible value add opportunity. With approximately 20% upside in rents, an investor can implement a strategic interior and exterior renovation with the goal of increasing rents and taking advantage of the strength of the Santa Monica market. A detached garage provides excellent potential to create an ADU. The property also features coin operated laundry on-sire.
Perched atop the coveted upper Santa Monica Canyon hillside, this extraordinary home offers an unrivaled opportunity to own a truly one-of-a-kind ocean-view property. Set on a private promontory, the site commands breathtaking 270-degree panoramic views encompassing the Pacific Ocean, Downtown Los Angeles, and the verdant expanse of Santa Monica Canyon.The existing residencea charming 3-bedroom, 3-bathroom homepresents the option for a stylish and immediate move-in remodel. Alternatively, realize the full potential of this rare site with a visionary new build, fully designed by the acclaimed Empire Group Design Build. In-progress plans and architectural renderings are available and included with the sale. Huge plus, the property falls under LA Building and Safety and not Santa Monica.The new design concept is a cutting-edge, fire-resilient estate thoughtfully crafted with cutting-edge fireproof SCIP concrete walls, triple-glazed fiberglass doors, and windows, a standing seam metal roof, fireproof insulation, and an advanced wildfire suppression system with a defensible landscape design. A signature Lautner-style zero-edge pool serves as both a design focal point and an auxiliary water source. The proposed residence will feature 4 bedrooms, 5 bathrooms, a state-of-the-art home theater, wine cellar, dual walk-in closets, a primary suite with incredible balconies and ocean views from 3 levels, elevator, parking for 4 vehicles, including a car carousel, a luxurious Italian Boffi kitchen, and a full wellness center/gym.Located minutes from State Beach, World-renowned Riviera Golf Club, Canyon Elementary, Rustic Canyon Park, and Canyon Square, this rare offering promises a tranquil and intentional lifestyle in one of Santa Monica's most sought-after enclaves. Whether as a stunning remodel or a legacy new construction, this property is a singular opportunity to create something truly exceptional.
Perched atop the coveted upper Santa Monica Canyon hillside, this extraordinary home offers an unrivaled opportunity to own a truly one-of-a-kind ocean-view property. Set on a private promontory, the site commands breathtaking 270-degree panoramic views encompassing the Pacific Ocean, Downtown Los Angeles, and the verdant expanse of Santa Monica Canyon.The existing residencea charming 3-bedroom, 3-bathroom homepresents the option for a stylish and immediate move-in remodel. Alternatively, realize the full potential of this rare site with a visionary new build, fully designed by the acclaimed Empire Group Design Build. In-progress plans and architectural renderings are available and included with the sale. Huge plus, the property falls under LA Building and Safety and not Santa Monica.The new design concept is a cutting-edge, fire-resilient estate thoughtfully crafted with cutting-edge fireproof SCIP concrete walls, triple-glazed fiberglass doors, and windows, a standing seam metal roof, fireproof insulation, and an advanced wildfire suppression system with a defensible landscape design. A signature Lautner-style zero-edge pool serves as both a design focal point and an auxiliary water source. The proposed residence will feature 4 bedrooms, 5 bathrooms, a state-of-the-art home theater, wine cellar, dual walk-in closets, a primary suite with incredible balconies and ocean views from 3 levels, elevator, parking for 4 vehicles, including a car carousel, a luxurious Italian Boffi kitchen, and a full wellness center/gym.Located minutes from State Beach, World-renowned Riviera Golf Club, Canyon Elementary, Rustic Canyon Park, and Canyon Square, this rare offering promises a tranquil and intentional lifestyle in one of Santa Monica's most sought-after enclaves. Whether as a stunning remodel or a legacy new construction, this property is a singular opportunity to create something truly exceptional.
Welcome to The Bauhaus a top-floor sanctuary in the heart of Santa Monica that masterfully blends striking mid-century design with effortless livability. Nestled amid lush greenery, this private urban retreat invites you into open-concept living space accented by sleek bamboo hardwood floors.The gourmet chef's kitchen, outfitted with stainless steel appliances, flows seamlessly into the dining area. The serene primary suite offers a restful escape with soft, neutral tones, plush carpeting, and a beautifully appointed bathroom. A spacious second bedroom, streamlined balcony, and recently installed A/C add comfort and versatility.Just moments from Santa Monica's hottest restaurants, chic boutiques, and vibrant coastal energy, this residence is ideal for the urban sophisticate seeking the perfect retreat.
Motivated! Location, location, location! Approximately a 500 yard walk to the Beach. First time on the market in 45 years. Private, lushly landscaped in tropical plants, trees & flowers, in addition to the native, centuries old sycamores. A historical, Rustic Canyon original 1906 Craftsman cottage with classic, large sitting porch. Renovated many times over the decades, most recent upgrades include: SS appliances, including a Bertazzoni Range/Oven, solid wood, dual- pane Anderson windows, roof, heat & air, exterior hardscaping, landscaping with lighting, decks & fencing. Existing house/bones in great shape- some TLC needed, can also easily be expanded, or ??? The canvas is yours to reimagine & play with, making your own history in one of Santa Monica's most coveted locations. Vacant and ready to sell.
Imagine designing your dream home in one of Santa Monica's most desirable neighborhoods! Set on a serene street in Sunset Park, this 2-bedroom, 2-bath single-level residence offers a blend of livable comfort and exciting potential. Whether choosing to personalize its current charm or build new from the ground up, it's ready for your creative inspiration. Crisp landscaping frames the entry leading to a bright living room with a classic fireplace, custom shelving, and a picture window that floods the interior with natural light. The dining corner's wainscoting and built-in china hutch add timeless character, while the kitchen's ample cabinetry and sleek countertops provide a functional workspace. Your primary suite offers an ensuite with a window-side soaking tub, ideal for quiet moments. Outside, a brick patio and verdant lawn flow to a tree-shaded veranda through a leafy arbor, perfect for al fresco dinners or laid-back weekend BBQs. A detached garage, extended driveway, and laundry nook deliver convenience. Positioned just minutes from sandy beaches, the Pier, 3rd Street Promenade, and major commuter routes, come see what makes your vision worth pursuing here!
This well maintained 3-bedroom and 2.5-bath home blends timeless charm with modern comfort. A private gated walkway leads to a welcoming step-down living room with vaulted wood-beam ceilings and a fireplace, flowing into a formal dining room that opens to a sunny patio. The custom kitchen features maple cabinetry, granite countertops, breakfast bar, triple sink, double ovens, and dishwasher, and connects seamlessly to a spacious family room with fireplace and French doors opening to a lush, private backyard with plenty of sunshine. The generous master suite offers a cozy retreat, fireplace, walk-in closet, and a spa-like bath tub, separate shower, and dual vanities. Two additional bedrooms, a laundry room, forced-air heating, and an attached two-car garage complete the home. Ideally located north of Ocean Park Blvd, just moments from local shops, restaurants, and the beach.
Nestled on a quiet, tree lined cul-de-sac in beautiful Santa Monica, this rare offering presents an exceptional opportunity to acquire a fully vacant detached triplex in one of the Westside's most desirable cities. Just moments from local parks, acclaimed restaurants, boutique shops, hospitals, public transit and Santa Monica College, the location offers both tranquility and convenience.The property features three thoughtfully designed, fully upgraded detached units, blending comfort and functionality throughout. With one two-bedroom, one-bathroom unit, along with two one-bedroom, one-bathroom units providing a versatile and appealing unit mix that suits a variety of living arrangements. In addition to the well-appointed interiors, the property includes a mix of private and shared yard space, offering inviting outdoor areas for relaxing, entertaining, or gardening some great valuable features in today's market. Two of the units are equipped with in-unit laundry, with two parking spaces and ample street parking.With a total of four bedrooms and three bathrooms across all units, this detached triplex offers a flexible and appealing layout, ideal as a high-performing income property, a redevelopment opportunity, or a multi-generational living solution. Located just blocks from Santa Monica College and less than two miles from the beach, this prime setting further enhances its long-term value and strong rental potential.All three units will be delivered vacant, allowing for immediate top market rentals, customization, or redevelopment based on your vision.Don't miss this rare chance to own a vacant, detached triplex in one of Los Angeles' most iconic beachside communities, whether you're an investor, developer, or owner-user, the possibilities here are truly exceptional. Call to schedule showing. Prospective buyers are encouraged to conduct their own due diligence and confirm all details with the City of Santa Monica.
Bright west-facing townhouse in prime location with an almost panoramic treetop view. This beautifully remodeled dramatic 2-bedroom, 1 3/4 bath townhouse is located in a charming small courtyard building just 15 blocks from the ocean. A desirable front-facing corner unit, it enjoys windows on three sides with tranquil treetop views and an abundance of natural light. The home also has only one common wall! The spacious living room features dramatic tall ceilings, creating an open, airy feel. The updated kitchen offers a breakfast bar and opens seamlessly to the dining area & den area, perfect for both everyday living and entertaining. Both bathrooms have been tastefully renovated, and the home includes in-unit laundry for added convenience. Two generously sized bedrooms offer ample closet space, while the large private patio provides the perfect setting for outdoor relaxation. Additional features include two side-by-side parking spaces and a private, oversized storage room. Ideally located near public transportation, shops, restaurants, and a grocery store, this home is also in an excellent school district especially noted for its top-rated elementary school. A rare Westside gem combining comfort, style, and an unbeatable location!
1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations- a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and morethis asset is also a short walk to Montana Avenue's upscale boutiques and cafs (like La La Land Kind, Primo Passo, and Le Caf de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. First time on the market in 50 years.
Tucked behind a private bridge where the creek flows beneath a canopy of mature trees, 641 Hightree Road is one of two rare undeveloped lots in beloved Rustic Canyon available individually or together with neighboring 639 Hightree Road. Each sits off quiet Hightree Road, embraced by hillsides once home to a 1920s open-air amphitheater that echoed with poetry readings. In 1979, Ray Kappe envisioned a soaring mid-century masterpiece here plans approved but never built leaving today's dreamer a remarkable blank canvas. Build ~5,000 sq ft on a single lot, or up to 10,800 sq ft across both. 641 offers 16,796 sq ft; 639 offers 16,184 sq ft - 32,981 sq ft total. A chance to create an enduring work of art in one of L.A.'s most storied settings.
Tucked behind a private bridge where the creek flows beneath a canopy of mature trees, 639 Hightree Road is one of two rare undeveloped lots in beloved Rustic Canyon available individually or together with neighboring 641 Hightree Road. Each sits off quiet Hightree Road, embraced by hillsides once home to a 1920s open-air amphitheater that echoed with poetry readings. In 1979, Ray Kappe envisioned a soaring mid-century masterpiece here plans approved but never built leaving today's dreamer a remarkable blank canvas. Build ~5,000 sq ft on a single lot, or up to 10,800 sq ft across both. 641 offers 16,796 sq ft; 639 offers 16,184 sq ft32,981 sq ft total. A chance to create an enduring work of art in one of L.A.'s most storied settings.
Designed by esteemed AIA architect Jennifer Wen, this striking contemporary residence welcomes you with a large, light-filled entry featuring soaring 18-foot ceilings, creating a dramatic sense of space and elegance. The home blends refined architectural details with the best of California's indoor-outdoor lifestyle. The modern chef's kitchen boasts sleek finishes and flows seamlessly to a spacious outdoor patio adorned with a bespoke gardena perfect setting for morning coffee or evening gatherings. The versatile lower-level den offers endless possibilities, whether used as a private office, media lounge, or intimate dining space. Upstairs, a stylish loft with sliding glass doors opens to a sun-swept balcony, ideal for a secondary workspace or reading nook. The home features three generously sized bedrooms and three full bathrooms, including a serene primary suite with a spa-inspired bath showcasing a double sink, soaking tub, and walk-in shower. Ascend to the expansive roof deck, where ample seating and a dining area create an unparalleled venue for sunset views and effortless entertaining. Additional highlights include two side-by-side parking spaces in a secure private garage, extra storage beneath the stairs, and thoughtful design throughout. Perfectly situated within a nearby distance to world-class shopping and dining, and moments from the renowned Santa Monica beaches, this residence offers a lifestyle of luxury, convenience, and year-round incredible weather the perfect setting to enjoy coastal living at its finest.
Introducing The Palisades Beach House a striking architectural gem crafted by Seagull Design and perched directly on the sand in Santa Monica. Completed in 2018, this three-story modern residence redefines coastal luxury with panoramic ocean views from every level, a rare indoor stainless-steel pool with chemical-free, UV-purified water, and a 1,000 sq. ft. subterranean garage complete with a car turntable. The penthouse primary suite features a private covered deck and an expansive closet, while the living room is designed for elevated entertaining, outfitted with an oversized projector, Martin Logan speakers, and a custom Philippe Starck sofa. A sleek Boffi kitchen is equipped with Miele and Gaggenau appliances, and the entire home is wired with invisible built-in surround sound. With a private elevator, a spa, rich teak floors, and direct pedestrian access to Santa Monica's vibrant restaurants and shops via a footbridge, The Palisades Beach House offers an unmatched blend of sophistication, privacy, and beachfront lifestyle.
Welcome to Santa Monica's best oceanfront residence adjacent to the iconic Santa Monica Beach and Palisades Park. Offering not just a home but a lifestyle experience, this unit blends resort-style amenities with high-end urban living. Enjoy sunset over the Malibu Coastline views in this upper level 3 bed 3 bath unit. You won't want to leave this cozy unit. With exclusive features like a state-of-the-art fitness center with sauna, a pool and spa, 24-hour concierge and security, valet parking, and optional maid service, convenience and luxury are at your fingertips. Situated steps away from Santa Monica's finest dining on Montana Avenue, Third Street Promenade, and Ocean Avenue, culinary adventures await you. The unit itself boasts a spacious open-concept floor plan perfect for entertaining, wood flooring, and a generously-sized balcony offering incredible views of the ocean and Catalina Island. Your kitchen comes fitted with stainless steel appliances, custom cabinetry. While the primary suite features a lavish bathroom with a spacious shower and dual closets. Seize this opportunity to live your dream Santa Monica lifestyle at Ocean Towers, a statement of who you are, awaiting your arrival. Unit is available unfurnished only.
A true sanctuary in every sense, this one-of-a-kind trophy estate by the late, legendary architect Howard Backen sits on the 7th hole of the iconic Riviera Country Club - the only Backen-designed home ever built on L.A.'s premier golf course. Encompassing approximately 12,240 SF, this 6-bedroom, 6-bathroom masterpiece captures sweeping views of the Santa Monica Mountains with some of the most breathtaking sunsets in the city. Backen, renowned for shaping modern California architecture, was a visionary of elegant simplicity, expressive natural materials, and seamless indoor-outdoor living. This home stands as a living tribute to his legacy - crafted with board-formed concrete, vaulted wood ceilings, steel-frame windows, and disappearing glass walls that dissolve the boundary between architecture and nature. Designed to elevate every moment, the estate features a massive motor court, a chef's kitchen, temperature-controlled wine cellar, movie theater, guest house, spa and wellness center, dedicated kids' lounge, and the most iconic man cave ever imagined. Fully powered by geothermal energy, this compound offers off-the-grid living without sacrificing a single luxury. This private retreat sits tucked away on what may be L.A.'s best-kept secret street. The location is unparalleled: discreetly positioned next to Channel Road, it offers quick access to the beaches, Malibu, the Brentwood Country Mart, and some of the finest dining - all while feeling worlds away from it all. Welcome to ground zero for luxury, privacy, and sophisticated Zen living.
PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. 522 - 532 Idaho Avenue is a boutique six-unit multifamily investment opportunity located in the heart of Santa Monica's coveted Wilshire-Montana neighborhood. Just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, this property offers a rare combination of location, charm, and long-term upside in one of Southern California's most desirable coastal submarkets. Built in 1922, and with major renovations completed in 2025, the property features six 1-bedroom, 1-bathroom bungalow-style units across three separate structures, totaling approximately 3,360 SF of rentable space on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal non-conforming density and will be delivered with two vacant units, allowing for immediate value-add execution. Current rents are below market, with an estimated 22% rental upside. Offered at $2,700,000, the asset reflects a 4.50% cap rate on current income and a 5.80% cap rate on pro-forma rents. The projected market GRM is 11.89, compared to the current 14.01, highlighting the opportunity for income growth through renovations and lease-up. Recent upgrades include modernized kitchens and bathrooms, new flooring, in-unit washer/dryers, and custom closets. Exterior improvements include new landscaping, fencing, irrigation, and paint, enhancing curb appeal and tenant experience. Located within walking distance to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and major employers, with easy access to PCH and I-10, this property benefits from proximity to natural attractions and lifestyle amenities that consistently drive tenant demand in 90403.
PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. 522 - 532 Idaho Avenue is a boutique six-unit multifamily investment opportunity located in the heart of Santa Monica's coveted Wilshire-Montana neighborhood. Just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, this property offers a rare combination of location, charm, and long-term upside in one of Southern California's most desirable coastal submarkets. Built in 1922, and with major renovations completed in 2025, the property features six 1-bedroom, 1-bathroom bungalow-style units across three separate structures, totaling approximately 3,360 SF of rentable space on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal non-conforming density and will be delivered with two vacant units, allowing for immediate value-add execution. Current rents are below market, with an estimated 22% rental upside. Offered at $2,700,000, the asset reflects a 4.50% cap rate on current income and a 5.80% cap rate on pro-forma rents. The projected market GRM is 11.89, compared to the current 14.01, highlighting the opportunity for income growth through renovations and lease-up. Recent upgrades include modernized kitchens and bathrooms, new flooring, in-unit washer/dryers, and custom closets. Exterior improvements include new landscaping, fencing, irrigation, and paint, enhancing curb appeal and tenant experience. Located within walking distance to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and major employers, with easy access to PCH and I-10, this property benefits from proximity to natural attractions and lifestyle amenities that consistently drive tenant demand in 90403.
Nestled in the heart of Santa Monica, we welcome you to Santa Monica's First Sustainable Townhome Community. Experience modern eco-conscious living in this tri-level architectural masterpiece designed by award-winning architect Jesse Bornstein. Featured in the LA Times, this exclusive 5-unit townhome complex is ideally situated in the highly sought-after Wilshire Montana neighborhood, just blocks from Erewhon, Whole Foods, Trader Joe’s, Palisades Park, the Santa Monica Stairs, and the iconic Santa Monica Beach. Inside, experience a bright and spacious 2-bedroom plus loft, 2.5-bathroom home offers the perfect blend of luxury, sustainability, and convenience. The entry level features two generously sized bedrooms, each with ensuite bathrooms and custom California Closets. The primary suite opens to a serene private-use patio, ideal for gardening, yoga, or morning coffee. A stackable washer/dryer is conveniently located near the bedrooms. With an abundance of natural light, this level boasts dramatic ceiling heights, a stunning double-sided bio-ethanol fireplace, and an open concept layout perfect for entertaining. Enjoy the gourmet kitchen with Viking appliances, a formal dining area, a powder room, and a veranda for seamless indoor/outdoor living. Ceiling surround sound speakers elevate your movie nights. The loft level is comprised with a versatile space ideal for a home office, fitness studio, or creative retreat. Work your way up to sweeping panoramic views on the rooftop deck, showcasing DTLA’s skyline to the mountains and west to the Pacific Ocean. Additional highlights include a private direct-entry oversized 2-car garage, with Tesla EV charging station, fully paid solar powered system with 10 panels, secure, code-controlled access, and top-rated schools: Franklin Elementary, Lincoln Middle, and Santa Monica High. This one-of-a-kind sustainable townhome offers unparalleled living in one of Santa Monica’s most vibrant and walkable neighborhoods.
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.
