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Listed by Fred Sedighravesh • Keller Williams Realty Irvine
$1,599,900
Est. payment /mo
1,990 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,990 sqft
Price per Sqft $803
MLS Listing ID OC-26087015
Year Built 1947
Lot Size 5,294 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
FIRST TIME ON MARKET IN 40 YEARS!
Introducing a truly rare offering in Santa Monica: a single-story, 4-unit bungalow-style property available for the first time in four decades. This charming property represents a unique opportunity for investors or owner-users seeking stable income and long-term appreciation in one of the Westside's most sought-after coastal markets.
Each unit offers enhanced privacy and strong tenant appeal compared to traditional multifamily buildings. The single-story design further contributes to ease of management and broad rental demand.
Ideally situated within walking distance to Trader Joe's and Whole Foods Market (both ~300 feet away), and Saint John's Health Center (0.2 miles), the property benefits from exceptional day-to-day convenience and proximity to a major employment hub. The surrounding neighborhood is characterized by tree-lined streets, strong walkability, and easy access to Santa Monica's retail corridors, beaches, and transit options.
The property also features a detached 4-car garage, currently leased as storage, providing immediate supplemental income.
Recent capital improvements include a brand-new roof installed in 2024, minimizing near-term maintenance expenses and enhancing asset stability.
With Santa Monica's historically low vacancy rates, high barriers to entry, and enduring tenant demand, this generational asset offers a compelling blend of current income, location-driven appreciation, and long-term investment stability.
Introducing a truly rare offering in Santa Monica: a single-story, 4-unit bungalow-style property available for the first time in four decades. This charming property represents a unique opportunity for investors or owner-users seeking stable income and long-term appreciation in one of the Westside's most sought-after coastal markets.
Each unit offers enhanced privacy and strong tenant appeal compared to traditional multifamily buildings. The single-story design further contributes to ease of management and broad rental demand.
Ideally situated within walking distance to Trader Joe's and Whole Foods Market (both ~300 feet away), and Saint John's Health Center (0.2 miles), the property benefits from exceptional day-to-day convenience and proximity to a major employment hub. The surrounding neighborhood is characterized by tree-lined streets, strong walkability, and easy access to Santa Monica's retail corridors, beaches, and transit options.
The property also features a detached 4-car garage, currently leased as storage, providing immediate supplemental income.
Recent capital improvements include a brand-new roof installed in 2024, minimizing near-term maintenance expenses and enhancing asset stability.
With Santa Monica's historically low vacancy rates, high barriers to entry, and enduring tenant demand, this generational asset offers a compelling blend of current income, location-driven appreciation, and long-term investment stability.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Heating Wall Furnace
Flooring Wood
Laundry None
Exterior
Parking Features Garage Faces Rear
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900