$1,950,000

Estimated payment $12,575/month

Total Views 221
-- Bed
-- Bath
3,454 Sq Ft
$565 Price per Sq Ft

About This Home

This is a value add investment opportunity in a great location. The property features a mix of studios and a 2-bedroom unit with abundant outdoor space and on-site parking. As an investment, the property offers investors an incredible value add opportunity. With approximately 20% upside in rents, an investor can implement a strategic interior and exterior renovation with the goal of increasing rents and taking advantage of the strength of the Santa Monica market. A detached garage provides excellent potential to create an ADU. The property also features coin operated laundry on-sire.

Listing Agent

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,795 Sq Ft Lot

Interior Spaces

  • 3,454 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4273-020-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3454
  • Lot Acreage: 0.1330
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 564.56

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 414764
  • Assessed Land Percent: 70
  • Assessed Land Value: 967790
  • Total Assessed Value: 1382554
  • Assessor Parcel Number: 4273-020-021
  • Lot Size Area: 5795

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.48
  • Number Of Units: 7
  • Total Annual Expense: 61102
  • Type Of Units: Apt
  • Vacancy Rate: 1

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $1,950,000 -- $565 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25581277

The MLS