2216 Main st, Santa Monica, CA 90405
Active
$8,500,000
8 Units
9 Beds
10 Baths
14,037 Area(sq.ft.)
Lot: 5,210 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 6 | 6 | No | $ 4,225 | $ 22,686 | $ 25,350 |
| Unit 2 | 1 | 3 | 3 | No | $ 14,500 | $ 14,500 | $ 14,500 |
| Unit 3 | 1 | studio | 1 | No | $ 2,416 | $ 2,999 | $ 2,999 |
| 8 | 39 | 40 | $ 42,266 | $ 153,615 | $ 169,599 |
| MLS #: | 25547969 |
| Days On Market: | 246 |
| Listing Date: | June 3, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 606 |
| Price per unit: | $ 1,062,500 |
| Year Built: | 2007 |
Property Details
On the market for the first time in 18 years, 2216 Main Street presents a rare opportunity to own a premier 8-unit mixed-use property just one block from the beach in the heart of Santa Monica. Perfectly positioned near popular shops, restaurants, and cafes, this property combines lifestyle appeal with strong investment potential in one of Los Angeles' most desirable neighborhoods.The building features seven residential units and one street-facing retail space. The residential mix includes six spacious 1-bedroom units, ranging from approximately 659 to 842 rentable sq. ft., each offering private outdoor areas between 48 and 237 sq. ft. These units offer a comfortable, beachside living experience that tenants seek out year-round.The standout feature is the townhouse-style owner's unit, measuring approximately 2,550 rentable sq. ft. This 3-bedroom, 2.5-bath home includes around 1,200 sq. ft. of private outdoor space, including a rooftop deck with ocean views offering the privacy and comfort of a single-family home, with all the perks of income property ownership.The retail unit, approximately 434 rentable sq. ft., offers Main Street frontage and excellent visibility in a high-foot-traffic area perfect for a boutique business or steady lease income.An added advantage is the 16 on-site parking spaces, a rare and highly valuable amenity in this sought-after coastal market.Whether you're an investor seeking stable rental income or an owner-user looking to live steps from the beach while generating revenue, this property offers incredible flexibility. With its unbeatable location, strong rental demand, and turnkey layout, 2216 Main Street is a truly exceptional long-term asset.Don't miss your chance to own a one-of-a-kind property that delivers both lifestyle and financial upside in iconic Santa Monica.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 538,098 |
| Total Annual Expense: | $ 155,890 |
| Net Operating Income: | $ 382,208 |
| Gross Annual Income: | $ 547,188 |
| Gross Rent Multiplier: | 15.53 |
Structure
| Type of Units: | Mixed Use |
| Buildings: | 1 |
| Levels: | Multi/Split, Three Or More |
Land & Parking
| Zoning: | SMCM3* |
| Parking Garage: | Covered Parking, Gated, Attached, Tandem, Subterranean |
| Total Parking: | 16 |
Interior
| AC/Cooling: | Central |
| Equipment: | Alarm System, Barbeque, Dishwasher, Microwave, Refrigerator, Range/Oven, Cable, Garbage Disposal |
| Heating: | Central |
| Laundry Income: | 350.00 |
Exterior
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