Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation,… blending modern coastal design with major system upgrades.Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems.Positioned in one of Southern California's strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Join The ListSimilar Listings
Active$2,995,000817 16th StreetSanta Monica, CA 90403
Active$3,495,000118 Fraser AvenueSanta Monica, CA 904054 bd · 3 ba · 2,816 sq ft · built 1905
Active$6,850,0001111 Berkeley StreetSanta Monica, CA 904036 bd · 6 ba · 4,142 sq ft · built 2028
Active$3,250,00015305 De Pauw StreetPacific Palisades, CA 90272
Active$3,500,00014902 Mc Kendree AvenuePacific Palisades, CA 90272
Active$3,500,00014912 Mc Kendree AvenuePacific Palisades, CA 90272