Prime Santa Monica 5-Unit Investment Opportunity*** 2 Vacant Units * Trophy Location North of Wilshire Presenting a rare opportunity to acquire a 5-unit multifamily property in one of Santa Monica's most sought-after neighborhoods north of Wilshire Boulevard and directly across from Lincoln Middle School. This well-maintained asset sits on a… Read More spacious 7,498 sq ft lot and features a charming front 2-bedroom, 1-bathroom house (built in 1923) plus a rear fourplex (built in the mid-1950s), offering a total of 4,062 rentable square feet. Property Highlights: 5 total units: 1 standalone front house + 4-unit rear building 2 units delivered vacant: the 2BR/1BA house and one 1BR/1BA unit perfect for an owner-user or value-add investor Separately metered for gas and electricity enhancing operational efficiency and long-term flexibility 4-car garage with completed seismic retrofit compliant with current safety standards Additional carport space for a total of 5 off-street parking spots Strong unit mix and significant upside potential in rentsPrime walkable location near Montana Avenue shops & cafes Just minutes to the beach, Downtown Santa Monica, and top-tier schoolsThis is an ideal opportunity for investors, developers, or owner-users looking to secure a premier property in Santa Monica's highly competitive rental market. With two vacant units ready for occupancy or renovation, and a premium location in a supply-constrained area, this asset offers the perfect balance of stability and upside. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,062
Lot Size
0.17 Acres
Year Built
1923
MLS Number
25544385
30 Days Snapshot Of 90403
$1.89M
-32%
(avg) sold price
13
-13%
homes sold
55
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven, Washer, Dryer, Ceiling Fan
Building
4,062 sq ft, Built in 1923, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Covered Parking, Garage
Heating
Wall
Laundry
Laundry Area
Lot
LotAcreage: 0.1722, LotSizeArea: 7,500
Parking
TotalParking: 5
Property
NumberOfUnits: 5, Zoning: SMR2*
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