Santa Monica CA Multi Family for Sale
$4,499,000
852 11th St Santa Monica, CA 90403
- Type:
- Other
- Sq.Ft.:
- 3,380
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1949
- Baths:
- 6.00
- MLS#:
- 25-476895
ADDITIONAL INFORMATION
Trophy property in the highly coveted North of Wilshire pocket of Santa Monica generates close to $20,000 per month in revenue! This extensively remodeled 5-unit property offers an attractive mix of a front 3-bedroom/2 bathroom 1,500 sq ft home (perfect for an owner-user!), 2 studio units and 2 one bedroom units. You can live in the front house and still generate over $10,000/month in income or simply collect the rents from all 5 remodeled units. Enjoy Santa Monica living at its finest in this extensively updated trophy property, just one block away from the best shopping, dining, restaurants and entertainment Montana Avenue has to offer. Very low maintenance in this property which showcases a beautiful and quaint quiet courtyard. All units boast updated kitchens with newer countertops/appliances/cabinets, beautiful refinished wood flooring and updated bathrooms. Other highlights include large closet spaces, extra storage available for potential upside income and owned onsite laundry machines. Trophy buildings like this in a fantastic neighborhood that can serve as an owner-occupied opportunity with income do not come on the market very often!
$3,600,000
902 16th Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 5,560
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.17 Acres
- Year built:
- 1926
- Baths:
- 7.00
- MLS#:
- 24473231
ADDITIONAL INFORMATION
Over 5% CAP and stabilized 7 unit apartment building at 902 16th St. apartment is located in a prime Santa Monica neighborhood just one block south of Montana Ave., known for its upscale shopping and dining offering a charming and sophisticated atmosphere close to the beach. Carefully cared for and meticulously managed, this building features bright units with abundant windows and spacious balconies in some units. New roof was also installed this year to the middle structure. Exterior landscaping includes fruit trees and flower beds lining in the front and backyard. Comprising three distinct buildings, the property includes:* Building #1- facing 16th Street with four units: 902A & 904A on the ground floor, and 902B & 904B upstairs. Each floor shares a washer/dryer set between two units.* Building #2- standalone one-bedroom house at 1522 Idaho Ave, facing Idaho Ave.* Building #3- Two one-bedroom units situated above five garages facing Idaho Ave. 3 Units on Idaho Ave share a laundry room. This trophy property weathered the pandemic rental market downturn and historically has experienced low vacancy and fast turnovers. It offers a rare blend of prime location and sound investment, ideal for discerning buyers looking to invest in a well-maintained asset with steady rental income.
$20,850,000
1115 14th Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 34,281
- Status:
- Active
- Beds:
- 42
- Lot size:
- 0.35 Acres
- Year built:
- 1972
- Baths:
- 41.00
- MLS#:
- 24452667
ADDITIONAL INFORMATION
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.
$2,699,000
1101 Euclid Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 4,741
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.11 Acres
- Year built:
- 1948
- Baths:
- 7.00
- MLS#:
- 24446741
ADDITIONAL INFORMATION
**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!
$14,750,000
807 21st Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 15,037
- Status:
- Active
- Beds:
- 22
- Lot size:
- 0.37 Acres
- Year built:
- 1992
- Baths:
- 33.00
- MLS#:
- 24450903
ADDITIONAL INFORMATION
An exceptional investment opportunity awaits in a platinum Santa Monica location. The 21st Street Townhome Residences feature a community of eleven (11) well appointed townhome style condominiums, built in 1992, situated in one of the finest, most coveted Westside locations. Just steps from the vibrant shops and restaurants of Montana Avenue, and within one of finest public school districts in Los Angeles County. Each townhome features spacious, well appointed interiors, with central HVAC, high ceilings & bonus loft spaces (not included in the square footage) . Residents will appreciate the convenience of direct residence entry two-car side by side garages, as well as private outdoor patios and decks, perfect for enjoying the world's best climate. The 21st Street Townhome Residences offer significant investment benefits, as each residence has its own APN and is separately metered for water, sewer, gas & electric. Don't miss the opportunity to own this platinum real estate in an ultra prime Santa Monica location. Seller will consider carrying the first trust deed. Terms of the loan subject to negotiation.
$3,300,000
2002 Montana Avenue Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 4,528
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.18 Acres
- Year built:
- 1941
- Baths:
- 6.00
- MLS#:
- 24427103
ADDITIONAL INFORMATION
Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!
$2,999,999
914 18th Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 5,100
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.18 Acres
- Year built:
- 1927
- Baths:
- 4.00
- MLS#:
- 24422677
ADDITIONAL INFORMATION
Presenting an incredible value-add opportunity in the heart of Santa Monica! This property comes RTI for a 7-unit apartment building. Delivered fully vacant and one block from Montana Avenue. The plan features a tasteful renovation of the 4 existing apartments while adding 3 additional units. The charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit gardenwith the opportunity to build an additional duplex on what is currently the center courtyard, and a studio ADU over the garage. Seller has plans and permits stamped and approved to build three ADUs and renovate the existing units into Class A Spanish-style bungalows. A can't-miss opportunity to build one of the few new construction apartment complexes in the most desirable renter's market in Los Angeles.
$4,995,000
1017 5th Street Santa Monica, CA 90403
- Type:
- Cluster
- Sq.Ft.:
- 7,881
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.17 Acres
- Year built:
- 1958
- Baths:
- 11.00
- MLS#:
- 24376265
ADDITIONAL INFORMATION
Incredible investment opportunity located 5 blocks from the beach in the highly desirable Wilshire / Montana neighborhood of Santa Monica. This 11-unit apartment building consists of (3) two bedrooms one bathroom, (6) one bedroom one bathroom, and (2) singles. Units consist of hardwood floors, standard kitchens, and balconies/patios. Currently, there are 9 vacant units giving an investor the opportunity to achieve market rents. Exceptional Santa Monica location - within close distance to Montana Ave, The Third Street Promenade, The Santa Monica Pier and the beach. Soft story retrofit has been completed.
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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 90403 has a population of 92,828. Santa Monica 90403 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 90403 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 90403 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.