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$ 3,950,000
Est. payment | /mo
$ 3,950,000
Est. payment | /mo
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25272345
HOA Y/N No
Year Built 1965
Property Sub-Type Mixed Use
Property Description
Beautifully situated in a prime Santa Monica location, this residential income property sits adjacent to the Santa Monica Business Park, a major employment hub home to leading technology, entertainment, and financial companies including Snap, Hulu, Crexi, and Naughty Dog. The property is also near Santa Monica College, which serves approximately 26,000 students and faculty, creating strong and consistent rental demand.
The asset has maintained long-term full occupancy and is currently fully rented, offering immediate rental income upon acquisition. The property delivers a cap rate above 5.5%, significantly outperforming the Santa Monica average of around 3.5%. With additional rent-increase potential upon future tenant turnover, long-term returns could be even stronger.
An exceptional investment opportunity combining stable income, growth potential, and a highly desirable westside location.
The asset has maintained long-term full occupancy and is currently fully rented, offering immediate rental income upon acquisition. The property delivers a cap rate above 5.5%, significantly outperforming the Santa Monica average of around 3.5%. With additional rent-increase potential upon future tenant turnover, long-term returns could be even stronger.
An exceptional investment opportunity combining stable income, growth potential, and a highly desirable westside location.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4272021001
Energy Description 2400.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Andy Dehu Real Broker 310-962-9994
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