CA > Santa Monica
Santa Monica, CA 90405,241 Marine ST
Santa Monica, CA 90405,241 Marine ST
Santa Monica, CA 90405,241 Marine ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

The Warburton Team

+1(626) 630-2141
$3,400,000
Est. payment /mo
12 Beds
11 Baths
5,232 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,232 sqft

Price per Sqft $649

MLS Listing ID 25553257

Bedrooms 12

HOA Y/N No

Year Built 1903

Lot Size 6,490 Sqft

Property Description

Originally built in 1903, 241 Marine Street sits on a corner lot totaling approximately 6,490 square feet, with underutilized common area space that provides additional value-add potential. A subsequent buyer will have the opportunity to transform the asset into a boutique luxury property through targeted exterior facade enhancements and comprehensive interior renovations. The property consists of three (3) studios, five (5) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) two-bedroom/two-bath unit (*the property is currently being operated as a 9 unit). Additionally, select units feature private patios and ocean views, much of the building remains in largely original condition creating a blank canvas to deliver a premium product that can command top-of-market rents. With ~32% loss-to-lease on in-place rents, there is a clear path to unlock substantial value in a neighborhood underserved by high-end rental inventory. In addition to its unbeatable beachside location, 241 Marine offers proximity to major Westside employment hubs, including Silicon Beach, Culver City, the Santa Monica Media District, and Century City. This connectivity attracts a professional tenant base in tech, media, and entertainment, and supports long-term leasing stability in one of the most resilient and high-barrier rentals markets in the region.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMOP2*

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4287024013

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Elliot Hassan NorthMarq Realty Services, Inc.

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