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$ 3,680,000
Est. payment | /mo
11 Beds
9 Baths
8,287 Sqft Lot
$ 3,680,000
Est. payment | /mo
11 Beds
9 Baths
8,287 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26147045
Bedrooms 11
Lot Size 8,287 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenitiessupporting long-term neighborhood desirability and value growth. Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seven parking spaces, including four gated stalls. Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westsides most desirable rental markets.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 23rd St and Oak St intersection
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4272021001
Acceptable Financing Conventional, Exchange, FHA
Listing Terms Conventional, Exchange, FHA
Listed by Andy Dehu, DRE#02131775 Wetrust Realty
Nearby Locations
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