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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,680,000

Est. payment - /mo

8,285 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26147045

HOA Y/N No

Year Built 1965

Lot Size 8,285 Sqft

Property Sub-Type Apartment

Property Description

Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenities—supporting long-term neighborhood desirability and value growth.

Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seven parking spaces, including four gated stalls.

Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westside's most desirable rental markets.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Street Lights

Total Parking Spaces 7

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 to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

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Listed by Andy Dehu Wetrust Realty 310-962-9994, DRE #02131775

NEARBY SCHOOL & BUSINESS

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2302 Oak ST Santa Monica, CA 90405