Active
$2,250,000
4 Units
8 Beds
4 Baths
4,631 Area(sq.ft.)
Lot: 7,255 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1.50 | No | n/a | n/a | $ 5,613 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 2,936 |
| Unit 3 | 1 | 2 | 1 | No | n/a | $ 1,129 | $ 2,936 |
| Unit 4 | 1 | 2 | 1 | No | n/a | n/a | $ 3,627 |
| 4 | 8 | 5 | $ 0 | $ 1,129 | $ 15,112 |
| MLS #: | 25532129 |
| Days On Market: | 213 |
| Listing Date: | May 7, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 486 |
| Price per unit: | $ 562,500 |
| Year Built: | 1947 |
Property Details
Incredible Investment Opportunity in Prime Santa Monica! Just 1.7 miles from the beach and ideally located near Santa Monica College, Whole Foods, and Virginia Avenue Park, this unique property features a front single-family residence plus a rear two-story triplex--four units total. Each unit is approximately 1,100 sq ft and offers generous living space. City-stamped plans are included to renovate the front home, add baths to other units and add an ADU, allowing for a total of five income-producing units. Three of the four existing units will be delivered vacant at close, offering exceptional flexibility for investors or owner-users. This is a rare chance to own a versatile property with significant upside potential in one of L.A.'s most sought-after neighborhoods. ***Photos have been virtually staged. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer and agent are advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer is to rely solely on his/her/their own findings.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 0 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 0 |
| Gross Rent Multiplier: | 14.08 |
Structure
| Type of Units: | mixed |
| Buildings: | 2 |
| Levels: | Two |
| Style: | Traditional |
| View Description: | Park |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Assigned, Carport Attached, Covered Parking, Uncovered |
Interior
| AC/Cooling: | None |
| Equipment: | Ceiling Fan, Dishwasher, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | Bath, Electric, Dining, Gas, Living Room, Kitchen |
| Laundry: | Laundry Area |
Exterior
Detailed Map
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Income
