**Prime Investment Opportunity in Santa Monica, California** A rare and exceptional opportunity presents itself with the sale of a charming five-unit apartment building ideally positioned at the prominent corner of Euclid and California in Santa Monica. Located in one of the most sought-after neighborhoods in the area, this property offers a mix of unit sizes in excellent condition, making it a lucrative investment for discerning buyers. Strategically located at the corner of Euclid and California in Santa Monica, California, a highly desirable and affluent area known for its upscale amenities, proximity to the beach, and vibrant community this is a trophy location. The property features a diverse range of unit sizes, catering to different tenant needs and maximizing rental potential. Each unit has been meticulously maintained over the years, showcasing a blend of modern conveniences and classic charm, ensuring a comfortable and appealing living space for residents. With its well-maintained exterior and impeccably landscaped surroundings, the building exudes curb appeal and adds to the overall value of the property. The prime location of the building offers convenient access to a plethora of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a vibrant and dynamic lifestyle. Strong rental demand in Santa Monica combined with the property's location ensures a steady stream of income for potential investors.- The building's excellent condition and well-maintained units minimize the need for immediate renovations or costly upgrades, saving time and resources for investors. Santa Monica's reputation as a highly desirable rental market with limited supply further enhances the investment potential of this property. Whether as a passive income generator or a long-term investment opportunity, this five-unit apartment building in Santa Monica offers a solid foundation for building wealth and securing financial stability. Don't miss out on this rare chance to acquire a well-positioned, carefully maintained property in one of Santa Monica's most coveted neighborhoods. Contact us today to schedule a viewing and explore this exceptional investment opportunity!
100% VACANT - mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica. As of April 13th 2024 the city of Santa Monica issued an "Alcohol Determination zoning conformance review" for a State ABC type 47 Alcohol license
TO BE DELIVERED FULLY VACANT TRIPLEX 726 Pier Ave presents an outstanding development opportunity in the highly sought-after Ocean Park neighborhood of Santa Monica.Situated on a spacious lot west of Lincoln, this property offers endless possibilities for those looking to build their dream home or explore multi-unit development. With its desirable zoning (SM0P2) and prime location, this opportunity shouldn't be overlooked.The existing structure is a triplex, to be delivered vacant. This opens up a unique chance for renovation, expansion, or new construction, appealing to investors, developers, or homeowners.Additionally, the property's location provides easy access to Santa Monica's attractions, including the Santa Monica Pier and Third Street Promenade. The nearby beaches offer a perfect backdrop for a relaxed coastal lifestyle.Attached, you'll find the inspection report and survey indicating an encroachment, offering valuable insights into the property.Don't miss out on this chance to create something special in one of Santa Monica's most sought-after neighborhoods. Schedule a showing today to explore the possibilities at 726 Pier Ave.
Location Location Location! Prime Santa Monica Development Opportunity to build 4 Townhomes. APPROVED Vesting Tentative Map from the city of Santa Monica that has gone through the Historical Board as well. Currently tenant occupied till September 2024 and paying $8,000 per month. Just get your building permit and build 4 Townhomes each 2 bed 2 bath plus bonus room and 2 car parking, approximately 2500 sq feet each. Inquire for additional offering package. Incredible opportunity within close proximity to all Santa Monica has to offer !!! Please inquire about the offering package which includes the approved plans
Do not miss the amazing opportunity to own this charming triplex in prime Santa Monica neighborhood, one block south of Montana Avenue. On a corner lot with rare enclosed yard, the property consists of a 2-story, 2bedroom, 1+ bath townhouse style unit (2-car parking); a 1-bedroom downstairs unit (2-car parking) and a 1-bedroom upstairs unit (no assigned parking). Laundry inside each unit. Fully occupied with potential upside for future rents and/or opportunity for owner occupancy of one unit while continuing rental income on remaining units. Building well maintained. Unbeatable location, great school district. Excellent investment potential. Buyer to conduct their own due diligence. All information in this listing, including square footage, lot size, income, expenses, features, permits, schools, are approximate and shall be verified by Buyer.
Courtesy: Coldwell Banker Realty
$200k price adjustment! Ready to ride off into the Sunset? Offering a fresh start in one of the most coveted Santa Monica locations and prestigious full-service buildings available. Located just North of Montana Ave, enjoy morning exercise in Palisades Park, sandy beaches, mountain trails or the in-house fitness center & pool. Wednesday shop at the local Farmer's markets. Entertain guests in style on the finest rooftop in the city complete with full ocean and mountain views, a pool & spa, sundeck and BBQ or host your group in the large banquet room with adjoining catering kitchen inside. Fine shops, hotels & restaurants are just around the corner. Enter through the elegant, controlled access lobby with 24/7 concierge & security to the chic move in ready, single level unit with stunning contemporary finishes and exceptional attention to detail throughout including an inviting, open floor plan. Art enthusiasts will love the wall space. Chefs who cook with gas and prefer to open a kitchen window will be delighted. The North location offers a peek-a-boo ocean view and lush green mature trees which provide tranquil and temperate living conditions inside year-round. The living room showcases a sleek modern fireplace, built ins, motorized shades and access to large dining and private patio. The primary suite also features patio access, a large walk-in closet, custom built-in storage and stunning bath suite with double sinks and private water closet. There is a light filled 2nd bedroom and an additional remodeled bathroom. Other features include spacious laundry/mud room upon entry, a NEST system and custom built-ins throughout. A large, private storage room, 2 side by side spaces & ample guest parking completes the picture. Luxury living at its very best perched above the Pacific!
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. 5 Units will be vacant. Offers subject to interior inspection Great upside. Good building for a 1031 deferred exchange.
Nestled in prestigious Santa Monica, find 1707 San Vicente Boulevard, a beautiful Mediterranean-style residence with a rich history dating back to its construction in 1924. The estate encompasses 43,093 square feet, a two-level main house and a single-level guest house casita. Situated on "The Rim" overlooking The Riviera Country Club, this property is a remarkable piece of Los Angeles and Santa Monica history.This distinctive property boasts eight bedrooms, with two bedrooms located downstairs, thoughtfully designed as staff bedrooms. The five upstairs bedrooms include a primary suite with an en suite bathroom, two bedrooms sharing a connecting bathroom, another bedroom with a separate full bath in the hall, and an additional bedroom with its own en suite bathroom. There's also a charming guest casita offering a peaceful retreat.Upon arrival, the gated property features a long hedged drivewayimmediately inviting guests into an enchanting, private universe. The interior showcases hand-painted ceilings in the foyer, a working chef's kitchen, a library, and features perfect placement of original Malibu tiles. The primary suite stands out with stunning views of The Riviera Country Club, a balcony porch with a sitting area and a winding staircase down to the backyard. While the home carries the imprint of original architect and builder John Byers, it has evolved over time with thoughtful additions. Outside, the property features a swimming pool, reminiscent of the glamor of Old Hollywood, and a waterfall cascading down the slope from the grassy back pad to The Riviera. The exterior offers a meandering walking path alongside the waterfall, ending at a serene setting adjacent to the Riviera Country Club. Surrounded by the best of Santa Monica, Brentwood and Pacific Palisades, residents can enjoy proximity to Brentwood Country Club, Brentwood Country Mart, Montana Avenue, and a short 20-minute drive to Beverly Hills. The renowned Riviera Country Club adds to the allure of this exceptional property, offering a lifestyle that seamlessly blends history, luxury and modern potential.
California Dreaming. Newly remodeled penthouse unit on Ocean Avenue with stunning coastline views. This location is as good as it gets: nothing stands between you and the Pacific Ocean except the beautiful Palisades Bluffs, a jewel of the city to be enjoyed every day. This stunning, front-facing north-west situated home has floor-to-ceiling windows (and those ceilings happen to be 12 feet high). The entire unit just underwent a no-expenses-spared remodel which includes: gourmet kitchen w/ custom vertical oak cabinetry, Calacatta Crema marble countertops and backsplash, plus Fisher & Paykel and Miele appliances; elegant, spa-like bathrooms w/ custom floating vanities, Calacatta Oro countertops and Kelly Wearstler lighting fixtures; and, crisp, new white oak flooring throughout The primary suite has a large walk-in closet, impressive 8 foot shower, Riobel faucets and fixtures and a sexy freestanding tub. Anchored by the open, ocean-facing living and dining area, this special two bedroom residence is in a smaller, discreet building for an elegant and private residence for a discerning buyer. Close to great shopping and the Fairmont Hotel and eateries in downtown Santa Monica. Two large, side-by-side parking spots complete the experience of this special and exquisitely located property. Truly, a once in a lifetime opportunity, by appointment only.
First Offering: The DJ Studio/Loft, 2010. With a program not unlike what has been acknowledged as the world's first architectural folly: Freston Tower built in 1579 overlooking the river Orwell in Suffolk England, this building overlooks the Pacific Ocean at the mouth of Santa Monica Canyon. Each structure affords only one room for each floor (the tower has 6 while the studio has five, if one is to include the full basement, and rooftop patio. As a practical matter, the studio, with its elevator, has the tower beat, and each of the studio's floors are much more spacious. The real reason for the comparison is that each building is just plain fun, and that is rare for any serious work of architecture.
MAJOR PRICE REDUCTION! Apply your vision and talent to update this 3 BR 2 bath 1954 sq ft home one block from Santa Monica Beach. The property has been owner occupied since its original construction in 1984. The home sits on a large 6,000 sq.ft. corner lot with gated access to the garage and open parking spaces. Interior features include high beam ceilings, two fireplaces, patio and deck. The MUBL zoning allows commercial and residential use, so the property may be suitable to modify for home and office. Call broker about seeing property-- do not disturb occupants.
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.
Welcome to The Seychelle, one of Ocean Avenue's newest full-service buildings and the height of luxury living. Located across the street from world famous Santa Monica beach and just moments from Main Street, Santa Monica Place, 3rd St Promenade, and the Pier, the options for outdoor activities, shopping, dining, and sight-seeing are unmatched. Like a 5-star luxury hotel, you are welcomed by a 24-hour concierge on your arrival. Enjoy amenities such as a first-class roof top pool and spa, surrounded by cabanas and epic coastal views. The roof-top deck also includes two outdoor dining/entertaining areas and event suite with full kitchen just ready for your caterer and guests. A fitness club on the 3rd floor with professional-grade weight-lifting and cardio equipment including Peloton, a private yoga/pilates studio and an expansive sun deck overlooking Ocean Ave. A gorgeous 2br/2ba condo featuring an open floor plan, contemporary fresh paint & design, high-end finishes, custom closets and a gourmet kitchen outfitted with full Thermador appliance package. Primary suite with a luxe en-suite bath. Spacious second bedroom and full bath. In-unit laundry. 2-car side-by-side assigned parking, ample gated guest parking and an exclusive storage unit. Building offers 24-hour doorman, bike storage, package delivery, and a pet spa! The Seychelle is not just a home, but a destination.
We are pleased to present 1637-1651 Stanford Street, a multifamily development opportunity in Bergamot neighborhood of Santa Monica. The Bergamot Neighbor of Santa Monica is one of the most desirable development markets in the country with many world-renowned companies calling the neighborhood home. 1637-1651 Stanford Street is located blocks away from some of the nation’s most prestigious companies which include Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate. 1637-1651 Stanford Street consists of four contiguous parcels on a total of 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the Bergamot Plan. For Housing Projects located within the Conservation Creative Sector, the plan allows for market-rate multifamily to reach a height of 55 ft with a FAR of 2.5 while 100% affordable housing developments are allowed a maximum height of 65 ft with a FAR of 3. The sites are located within a half mile of the 26th Street/Bergamot light rail Metro line giving developers the ability to use California Assembly Bill 2097 to significantly reduce the parking requirements for housing projects. In addition, by utilizing the newly passed bill, California Assembly Bill 1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and 15% of the units to moderate income.
Introducing 1917 4th St - The Perfect Opportunity in Santa Monica Located at 1917 4th St in the heart of Santa Monica, California, this exceptional property presents a unique investment opportunity. Offering a highly sought-after location and a vibrant community, 1917 4th St is a valuable asset with immense potential. The property boasts 6,135 square feet (0.14ac) of land space, perfectly suited for a range of residential or commercial uses. This prime location is in close proximity to popular shopping destinations, renowned restaurants, and bustling entertainment venues. The property enjoys excellent visibility, ensuring maximum exposure for any business and attracting high value tenants. With its potential, 1917 4th St stands out as an attractive investment option. Please, note there is a 720sf vacant structure on the property. Whether you are an investor looking to add to your portfolio, a business owner searching for the perfect space, or an entrepreneur seeking to establish a foothold in Santa Monica, this property offers unparalleled opportunities. Don't miss out on the chance to own this exceptional property at 1917 4th St. Contact us today to get more info.
Sensationally Luxe 2 Bedroom, 2 Bathroom View home at the extraordinary Ocean Towers, Santa Monica's most coveted address and Ocean Avenue's only full-Service, full-Amenity building offering a world-class lifestyle. This exquisite home has been completely and impeccably remodeled with Wide Plank Wood Floors throughout, stunning Kitchen and Bathrooms with Quartz countertops and top-of-the-line Stainless Steel Appliances, Hi-end Fixtures and Finishes and gorgeous Lighting and Window Treatments. Massive floor to ceiling Windows invite magnificent Views from every square inch of this fabulous home, including the deluxe Master Suite with large Walk-in Closet. Enjoy impeccable Service, 24 hour Valet, Doormen, and Concierge. Stay fit in the state-of-the-art Fitness Center overlooking the pool and spa, entertain in the Community Center, or simply unwind on the oversized Terrace while taking in the breathtaking views. Moments to Montana Avenue's fine Dining and Boutiques and just across the street from Palisades Park, the crystal blue Ocean and white sandy Beaches.
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.
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.
A Truly Rare Offering at Sea Colony One. This perfectly situated 3 bed 2.5 bath end unit in one of the most exclusive beachside communities in Santa Monica. Ocean views encompass you from the West on both levels, with numerous lounge areas and balconies for quintessential indoor-outdoor California living. Soak in the beauty of our legendary sunsets and engage in the vibrant Santa Monica lifestyle just moments from the boardwalk and a block from shops and eateries along Main Street. This property has a clean, modern aesthetic with maple hardwood floors, oak cabinets, natural stone counters, and stainless steel appliances. The open floor plan is great for entertaining with a seamless indoor/outdoor flow, allowing for many memorable moments throughout the property. 23 Sea Colony Drive lives and feels like a single-family home, with a private entry/yard/patio and direct access two-car garage, while still enjoying the security of a 24-hour guard gated community. With the sand just meters away, you can easily reach the waves for your morning surf. This is a rare opportunity to own one of the most sought-after experiences on the West Coast.
Building Permit Ready to Issue in September 2024. Builders/Developer's delight, vacant Lot with planning approval to build a five (5) units contemporary condo building(one affordable), right across the street from Santa Monica College (SMC). Conveniently located in between SMC and Metro Expo Line Rail Station on Colorado Ave which leads to USC and Downtown LA. All units are designed with 2 bedrooms and 2.5 Bathrooms, in addition to the private Balcony and roof top deck for an outdoor living space. Just minutes to the beach, 3rd street Promenade, Santa Monica Pier where fine dining and shopping awaits. Easy Access to freeway and public transportation. While 1949 17th can be delivered as-is with approved plans, the seller is also open to selling the project with permits ready to issue. Please contact listing agents for more details.
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.
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.
Courtesy: IRN REALTY
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.
