$3,750,000
$250K PRICE DROP

Estimated payment $21,946/month

Total Views 5,953
12 Beds
6 Baths
4,687 Sq Ft
$800 Price per Sq Ft

Highlights

  • City View
  • Midcentury Modern Architecture
  • Breakfast Area or Nook
  • John Muir Elementary School Rated A
  • Granite Countertops
  • Bathtub with Shower

About This Home

A rare and remarkable opportunity to own a fully vacant four-unit property in the heart of Santa Monica, offering immediate flexibility and exceptional income potential in one of Southern California's most desirable coastal markets. Whether you're an investor seeking strong returns, a visionary looking to reposition an asset, or someone dreaming of creating a multi-generational coastal compound, this property opens the door to endless possibilities. It was previously leased by a master tenant and the entire building is available for lease for $25,000 a month. Recently remodeled, the building blends classic coastal charm with modern upgrades and each residence feels bright, inviting, and ready to welcome its next chapter. The two charming 2-bedroom residences offer quiet retreats and the two expansive upper-level units (configured as 3 bedrooms plus a den) showcase beautiful city views, abundant natural light, and generous living spaces rarely found in Santa Monica multi-unit properties. The property's fully vacant status presents a powerful advantage - allowing the next owner to immediately implement their vision and receive market value for each unit. Just minutes from the beach, Main Street, Santa Monica College, Abbot Kinney, and the iconic 3rd Street Promenade, this location captures the very essence of the Santa Monica lifestyle - sun, ocean breezes, vibrant culture, and effortless walkability. For investors and lifestyle buyers alike, opportunities like this are exceptionally rare: a remodeled, fully vacant four-unit property in one of LA's most coveted beachside communities.

Listing Agent

James Suarez

Real Broker License #01433992 Listed on: 04/02/2026

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,878 Sq Ft Lot

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • City
  • Mountain

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 4,687 Sq Ft Home
  • 2-Story Property
  • Family Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4289-005-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

5,878 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4687
  • Lot Acreage: 0.1349
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate
  • Appliances: Microwave, Range
  • Bedrooms: 12
  • Bathroom Features: Tile, Shower and Tub
  • Kitchen Features: Granite Counters, Quartz Counters
  • Laundry: Outside, Room
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 800.09

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City, Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Fee Information

  • Insurance Expense: 8513.00
  • Maintenance Expense: 2635.00

Lot Info

  • Assessed Improvement Percent: 65.02
  • Assessed Improvement Value: 943292
  • Assessed Land Percent: 34.98
  • Assessed Land Value: 507438
  • Total Assessed Value: 1450730
  • Assessor Parcel Number: 4289-005-009
  • Lot Size Area: 5878

Rental Info

  • Owner Pays: Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.17
  • Number Of Units: 4
  • Type Of Units: 4

Tax Info

  • Tax Expense: 49938.00
  • Tax Total: 49938.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $18,858 $1,450,730 $507,438 $943,292
2024 $17,703 $1,422,286 $497,489 $924,797
2023 $17,423 $1,394,399 $487,735 $906,664
2022 $17,199 $1,367,059 $478,172 $888,887
2021 $16,750 $1,340,255 $468,797 $871,458
2019 $16,465 $1,300,505 $454,894 $845,611
2018 $15,423 $1,275,006 $445,975 $829,031
2016 $14,822 $1,225,498 $428,658 $796,840
2015 $14,630 $1,207,091 $422,220 $784,871
2014 $14,447 $1,183,447 $413,950 $769,497
Source: Public Records

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
06/04/2026 06/04/26 Price Changed $3,750,000 -6.2% $800 / Sq Ft
04/03/2026 04/03/26 For Sale $3,999,999 0.0% $853 / Sq Ft
04/02/2026 04/02/26 Price Changed $3,999,999 0.0% $853 / Sq Ft
03/25/2025 03/25/25 Off Market $1,800 -- --
12/16/2024 12/16/24 Price Changed $1,800 -2.7% --
09/05/2024 09/05/24 Price Changed $1,850 +2.8% --
07/02/2024 07/02/24 Price Changed $1,800 -2.7% --
02/18/2024 02/18/24 Price Changed $1,850 -2.6% --
01/05/2024 01/05/24 Price Changed $1,900 +2.7% --
11/30/2023 11/30/23 Price Changed $1,850 -2.6% --
09/18/2023 09/18/23 Price Changed $1,900 -9.5% --
08/07/2023 08/07/23 For Rent $2,100 0.0% --
08/01/2023 08/01/23 For Rent $2,100 0.0% --
07/17/2023 07/17/23 Price Changed $2,100 +5.0% --
06/21/2023 06/21/23 For Rent $2,000 0.0% --
02/02/2023 02/02/23 Price Changed $2,000 -4.8% --
03/20/2020 03/20/20 For Rent $2,100 -- --
Source: The MLS

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 -- None Listed On Document
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $1,155,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Gift Deed -- --
Source: Public Records

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
Previous Owner $2,040,000 New Conventional
Previous Owner $1,830,000 New Conventional
Previous Owner $1,347,500 Commercial
Previous Owner $1,000,000 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 26652363

The MLS

APN: 4289-005-009

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