Santa Monica CA Multi Family for Sale
- Type:
- Fourplex
- Sq.Ft.:
- 3,464
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1944
- Baths:
- MLS#:
- SR24252005
ADDITIONAL INFORMATION
Incredible opportunity to own this fantastic 4-plex in the heart of Santa Monica just 12 blocks from the beach. Centrally located near shops, hotels & restaurants, the popular Venice Beach area and the Santa Monica Pier, freeways & mass transportation. This classic 1940's 4-plex with all 2 bedroom 1 bath units has been thoughtfully remodeled with all new dual pane window, some units with remodeled kitchens & baths & repainted inside & out with hardwood & Pergo floors, spacious kitchens, center hallway and the front unit with a large private outdoor garden with lawn and barbecue area. Great upside potential and the perfect opportunity to sit back and collect the rents.
$1,495,000
3128 6th Street Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 1,239
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.11 Acres
- Year built:
- 1954
- Baths:
- 2.00
- MLS#:
- 24470789
ADDITIONAL INFORMATION
Location forms a triangular tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; beach to the West, Rose Avenue to the South and Main Street to the North featuring an urban melange of vibrant dining options, artisanal boutiques and specialty shops. This quiet and low traffic block of 6th Street is a spectacular time capsule evoking Santa Monica's past glory as a charming seaside village. This duplex is perfect starter home/investment for an affordable entry to Santa Monica. Both Units are occupied , month to month rentals. See Marketing Package for ADU potential. Back unit has private patio. Laundry room on site with sink. Rear yard. 2 car garage.
$3,550,000
2319 6th Street Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 9,399
- Status:
- Active
- Beds:
- 18
- Lot size:
- 0.26 Acres
- Year built:
- 1965
- Baths:
- 18.00
- MLS#:
- 24471339
ADDITIONAL INFORMATION
We are pleased to offer for sale an incredible multi-family asset at 2319 6th Street in the heart of LA's famed beach City of Santa Monica. Originally built in 1965, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. There is massive rental upside and on-site parking for 15 cars (all soft story retrofit has been completed) as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath and (2) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. In close prozimity to popular Main Street and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
$6,550,000
2711 Pico Boulevard Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 9,926
- Status:
- Active
- Beds:
- 18
- Lot size:
- 0.48 Acres
- Year built:
- 1951
- Baths:
- 16.00
- MLS#:
- 24470083
ADDITIONAL INFORMATION
A Santa Monica Developer's Dream! DELIVERED WITH 10 VACANT UNITS! We are proud to present 2711-2715 Pico Blvd, a rare 16-unit apartment property in the heart of Santa Monica, offering incredible potential for investors and developers alike. Set on a sprawling 20,897-square-foot lot, this property features two side-by-side buildings comprising 14 one-bedroom units and 2 two-bedroom units, all with charming hardwood floors. Parking is conveniently located at the rear of the property, adding to its tenant appeal. Plus, it's situated directly next door to a Starbucks, ensuring unparalleled convenience and walkability. This property presents a remarkable value-add opportunity through renovation or redevelopment. Zoned MUBL (Mixed-Use Boulevard), the site allows for FAR 2.0 and 45' height under base standards. Potential for FAR 2.5 and 55' height with 100% affordable housing projects (buyer to verify with the City of Santa Monica).
- Type:
- Cluster
- Sq.Ft.:
- 5,948
- Status:
- Active
- Beds:
- 11
- Lot size:
- 0.14 Acres
- Year built:
- 1966
- Baths:
- 12.00
- MLS#:
- 24464145
ADDITIONAL INFORMATION
Huge 650k Price Reduction & Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
$5,595,000
101 Strand Street Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 5,728
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.12 Acres
- Year built:
- 1955
- Baths:
- 9.00
- MLS#:
- 24462503
ADDITIONAL INFORMATION
101 - 103 Strand Street is a prime OCEAN FRONT Santa Monica Beach Location! A rare opportunity for an Owner User to live at the beach with Ocean Views and have rental income. Seller Financing up to 80% for 2 Years for qualified buyer. There are no comparable multifamily buildings this close to the beach with Ocean Views that have sold and few comparable rentals. Condo sales in the area that are even close to this location have a comparable average of $1245 Per Sq Ft plus homeowners dues averaging $1587. OWNER'S UNIT: Upstairs 2 Bedrooms & 2 Baths. Ocean Front Views from both Bedrooms & Front Patio. Real hardwood floors throughout. Tiled flooring and granite counter tops in kitchen and bathrooms. Dual paned windows. Stack washer/dryer & lots of closet space. Copper Plumbing. 3 of the 7 units have laundry in the units, the other units have space to add stack washer/dryers and there is a laundry room on site with machines that are owned. This rare 7 unit apartment building directly across from the beach on Ocean Avenue boasts stunning Ocean views, Sunsets and sits just above the sandy shores of Santa Monica Beach. Live the experience of beachfront living. Get right onto the beach bike path or walk to Main Street with great restaurants and shopping. PLEASE DO NOT DISTURB TENANTS.
$1,990,000
2436 20th Street Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 1,691
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.16 Acres
- Year built:
- 1939
- Baths:
- 2.00
- MLS#:
- 24462281
ADDITIONAL INFORMATION
The sky is the limit with this turnkey Spanish style duplex consisting of a 2/1 and a 1/1. Each unit is privately enclosed with the feel of your own home and has interior features including original hardwood floors throughout the rooms, recess lighting, kitchen with granite countertops, custom cabinetry, and a beckoning modern bathroom with porcelain wood looking tile, glass and a luxury vanity. Front unit exterior features a charming picket fence and sufficient space to make your very own sustainable garden boxes, sun bathe or keep your pet friends enclosed. Adjacent exterior 3 car driveway. The back unit is 800+SQFT and has a private, expansive backyard with mature fruit trees (fig, avocado & lemon) for this unit only. 1 Parking Spot in the back of this property is included. There are two storage garage spaces included. There are so many possibilities to explore- leave as is, add an ADU and/or addtl units, convert into a SFR, a combination of the above or consider redevelopment opportunities including but not limited to a 5-plex layout similar to the next door properties. Some recent upgrades to electrical, gas, water/sewer and hvac. Property sold AS IS.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1961
- Baths:
- MLS#:
- ML81979035
View additional info
Courtesy: David Lyng Real Estate
ADDITIONAL INFORMATION
UPDATED 10-UNIT BUILDING IN SANTA MONICA Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, The building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and had new earthquake valves installed. Seven of the units have just been remodeled, 2 units are vacant and being advertised. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. Three of the units have new appliances installed. The buyer should verify and double-check that information with the City. There is covered parking for 10 cars. The building will need window coverings in the seven units and appliances in four of the remodeled units. For access and showings call Harvey Stern 310 741-3636. Pro-forma CAP Rate over 5!
$2,650,000
2004 Oak Street Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 2,818
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.16 Acres
- Year built:
- 1950
- Baths:
- 6.00
- MLS#:
- 24412643
ADDITIONAL INFORMATION
Prime Sunset Park remodeled detached 3 bedroom 2 bath house in the front and a separate triplex plus 2+1 brand new ADU in the back with in unit laundry. The structures are separated by a communal courtyard area. The house has recessed lighting, hardwood floors, stainless steel appliances and an in home washer & dryer. Additionally, the house has driveway parking and a garage which has been converted into a playroom. The back consists of a (2) 1+1's, a studio with its own private yard and a brand new 2+1 ADU. There is also coin operated laundry on the premise. 2 units will be delivered vacant, the 2+1 and a 1+1. Write all offers subject to interior inspection.
$6,695,000
301 Ashland Avenue Santa Monica, CA 90405
- Type:
- Cluster
- Sq.Ft.:
- 7,424
- Status:
- Active
- Beds:
- 13
- Lot size:
- 0.18 Acres
- Year built:
- 1960
- Baths:
- 11.00
- MLS#:
- 24420295
ADDITIONAL INFORMATION
ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
$4,750,000
2306 3rd Street Santa Monica, CA 90405
- Type:
- Mixed Use
- Sq.Ft.:
- 7,937
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- SB24155287
ADDITIONAL INFORMATION
Situated in the picturesque Ocean Park neighborhood of Santa Monica, 2306 3rd Street stands as a rare gem for investors seeking a prestigious addition to their portfolio. Sitting on a double lot, this legacy 12-unit property features an eclectic mix of residential options, including (1) 4-unit building, (1) duplex, (1) single-family residence with an attached studio, and (4) detached bungalows. With a unit mix of (3) 2-bed/1-bath, (8) 1-bed/1-bath, and (1) studio, the property offers a total of 7,937 square feet of rentable space on a generous 12,703 square foot lot. Boasting a 4.47% CAP rate and a market CAP rate of 6.67%, the investment potential is substantial. Residents enjoy the perfect blend of comfort and convenience, enhanced by the property's prime location. Positioned just blocks from the beach and within walking distance of top-tier retail and restaurants, 2306 3rd Street benefits from its enviable location between Venice Beach and Downtown Santa Monica. Whether you're seeking steady returns or aiming to capitalize on the area's dynamic growth, this property represents a compelling opportunity in coveted location.
- Type:
- Cluster
- Sq.Ft.:
- 5,968
- Status:
- Active
- Beds:
- 13
- Lot size:
- 0.16 Acres
- Year built:
- 1949
- Baths:
- 7.00
- MLS#:
- 24395129
ADDITIONAL INFORMATION
1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented. With its well-maintained exterior and stylish landscaped surroundings this building has great curb appeal which adds to the overall value of the property. The building's prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To name a few great shops and restaurants there are: Local Kitchen & Wine Bar, Thyme Cafe & Market, Brook Rod, Bob's Market, Love Coffee, Handel's Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School, and Santa Monica City College. For Value Add - Perfect opportunity to covert the garage into ADU's - Possibly 2!
- Type:
- Cluster
- Sq.Ft.:
- 5,262
- Status:
- Active
- Beds:
- 10
- Lot size:
- 0.19 Acres
- Year built:
- 1957
- Baths:
- 7.00
- MLS#:
- 24365407
ADDITIONAL INFORMATION
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.
$1,550,000
2535 6th Street Santa Monica, CA 90405
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- CL24361865
View additional info
Courtesy: KW Advisors
ADDITIONAL INFORMATION
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.
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 90405 has a population of 92,828. Santa Monica 90405 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 90405 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 90405 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.