Santa Monica CA Multi Family for Sale
$10,995,000
1428 12th Street Santa Monica, CA 90401
- Type:
- Cluster
- Sq.Ft.:
- 17,880
- Status:
- Active
- Beds:
- 38
- Lot size:
- 0.34 Acres
- Year built:
- 1963
- Baths:
- 38.00
- MLS#:
- 24465105
ADDITIONAL INFORMATION
We are pleased to present a generational multifamily offering in the seaside enclave of Santa Monica. Set prominently along a tree-lined street, 1424-1428 12th Street is a trophy asset consisting of 20, oversized compared to market, units and beautifully landscaped grounds. Encompassing 17,880 SQFT and situated on a very large lot, tenants can choose from one of 2 oversized studio units, 16 large 2-bed, 1-bath units, or 2 substantial3-bed, 1-bath townhouse units. Each of these units has a great floor plan flooded with natural light. 14 units have been luxuriously upgraded and tastefully appointed with an in-unit washer and dryer (select units), new hardwood flooring, stainless steel appliances, quartz countertops, and LED lighting. Additionally, the property has an on-site laundry facility and ample assigned parking (soft story retrofit work has been completed, Buyer to verify). The property also includes new construction windows, new roofing and gutters, a custom stucco facade, and more. A quick stroll to the beautiful beach, downtown Santa Monica, and the high-end dining and shopping of Montana Avenue and 3rd Street Promenade, 1424-1428 12th Street is close to all Santa Monica has to offer. The property is also situated just across the street from one of Santa Monica's top private elementary schools, Pluralistic SchoolOne. With fantastic in-place income, enormous upside potential, and a secured tenant base, the property gives buyers the opportunity to own a generational asset in one of the most prized and coveted locations in Los Angeles.
$2,890,000
1417 10th Street Santa Monica, CA 90401
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.17 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- CRPW24150975
View additional info
Courtesy: Keller Williams Coastal Prop.
ADDITIONAL INFORMATION
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!
$2,695,000
1330 10th Street Santa Monica, CA 90401
- Type:
- Cluster
- Sq.Ft.:
- 4,454
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.17 Acres
- Year built:
- 1948
- Baths:
- 7.00
- MLS#:
- 24416825
ADDITIONAL INFORMATION
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***
$5,000,000
1437 9th Street Santa Monica, CA 90401
- Type:
- Cluster
- Sq.Ft.:
- 3,416
- Status:
- Active
- Beds:
- 18
- Lot size:
- 0.17 Acres
- Year built:
- 1956
- Baths:
- 16.00
- MLS#:
- 24413473
ADDITIONAL INFORMATION
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.
$3,595,000
1511 12th Street Santa Monica, CA 90401
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- CL24385721
View additional info
Courtesy: LA Commercial
ADDITIONAL INFORMATION
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, Garage
Santa Monica Real Estate
The median home value in Santa Monica, CA is $1,656,900. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Santa Monica, CA is $1,656,900. Approximately 25.36% of Santa Monica homes are owned, compared to 63.49% rented, while 11.15% are vacant. Santa Monica real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Monica real estate agent to arrange a tour today!
Santa Monica, California 90401 has a population of 92,828. Santa Monica 90401 is less family-centric than the surrounding county with 27.41% 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 90401 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 90401 is 41.4 years.
Santa Monica Weather
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.