1937 17th St Santa Monica, CA 90404
Pico NeighborhoodEstimated payment $14,806/month
Highlights
- City View
- West Facing Home
- Rectangular Lot
- Midcentury Modern Architecture
About This Home
The subject property is a six-unit residential income asset located at 1937 17th Street in central Santa Monica. Built in 1948 and zoned SMR2, the asset consists of (1) 3-Bedroom / 1.5-Bath unit and (5) 2-Bedroom / 1-Bath units, including a detached 2 Bedroom / 1-Bath home located towards the rear of the property, totaling 4,840 rentable square feet on a 7,746 SF lot. The property will be delivered with three vacant units at the close of escrow. Currently two units are vacant with a third unit becoming vacant at the end of August. Recent upgrades include a new roof and updated electrical systems. Tenant parking is on-site with 8 uncovered individual spaces and a 2 car garage located at the front of the property. The property delivers strong in-place cash flow at a 5.00% cap rate, with meaningful embedded upside as rents are brought to market. Potential ADU can be built as a garage conversion, buyer to verify. Positioned in Prime Santa Monica, the property sits within one block of Santa Monica College, and a short commute to Whole Foods, the Pico corridor retail, and the Bergamot Expo Line station, giving tenants a direct rail link to Downtown Santa Monica, Century City, and Downtown Los Angeles. The Santa Monica beach and pier are minutes to the west. Santa Monica remains a supply-constrained, high-demand rental market with deep renter demand from the Silicon Beach tech corridor and the long-term durability that defines Westside multifamily.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 07/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948 | Remodeled
Lot Details
- 7,748 Sq Ft Lot
- Lot Dimensions are 50x155
- West Facing Home
- Rectangular Lot
- Level Lot
Parking
- 8 Open Parking Spaces
- 2 Car Garage
- Driveway
- Assigned Parking
Home Design
- Midcentury Modern Architecture
- Entry on the 1st floor
- Shingle Roof
- Composition Roof
Interior Spaces
- 4,840 Sq Ft Home
- 2-Story Property
- City Views
Kitchen
- Gas Oven
- Range with Range Hood
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 13 Bedrooms
- 7 Bathrooms
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- City Lot
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Gas Water Heater
- Sewer in Street
Listing and Financial Details
- The owner pays for water, gardener
- Assessor Parcel Number 4274-014-019
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Rent Control
- Vacancy Allowance $9,437
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,988 | $2,412,949 | $1,879,990 | $532,959 |
| 2024 | $29,103 | $2,365,637 | $1,843,128 | $522,509 |
| 2023 | $28,647 | $2,319,253 | $1,806,989 | $512,264 |
| 2022 | $28,297 | $2,273,778 | $1,771,558 | $502,220 |
| 2021 | $25,679 | $2,063,986 | $1,822,742 | $241,244 |
| 2020 | $25,506 | $2,042,824 | $1,804,053 | $238,771 |
| 2019 | $25,255 | $2,002,770 | $1,768,680 | $234,090 |
| 2018 | $23,692 | $1,963,500 | $1,734,000 | $229,500 |
| 2016 | $9,514 | $720,571 | $433,642 | $286,929 |
| 2015 | $9,393 | $709,749 | $427,129 | $282,620 |
| 2014 | $9,313 | $695,847 | $418,763 | $277,084 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2026 07/23/26 | For Sale | $2,250,000 | -- | $465 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Accommodation | |
| Grant Deed | $766,000 | Western Resources Title | |
| Interfamily Deed Transfer | -- | Ortc | |
| Grant Deed | $1,925,000 | Ortc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,050,000 | New Conventional | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $1,000,000 | Commercial |
Source: The MLS
MLS Number: 26862705
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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