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2032-2106 Delaware Avenue is a two-story, wood-frame construction apartment building consisting of 30 total units, supported by two parking structures at the rear of the property. The unit mix includes 20 one-bedroom units, 2 two-bedroom townhome units, and 8 two-bedroom units, offering a balanced combination of layouts to attract a diverse tenant base. The property presents a compelling value-add opportunity, with approximately 38% rental upside. Set on a large 1.09-acre lot with low site coverage, the site provides ample space for the addition of 2 to 4 accessory dwelling units (ADUs), allowing for future income growth. Residents enjoy the convenience of 26 private one-car garages, full kitchens in each unit, and on-site laundry facilities. Mature landscaping, combined with an open and spacious layout, creates a serene, garden-style community atmosphere that is highly desirable to tenants. Located in the heart of Santa Monica's thriving Pico neighborhood, the property offers easy access to the I-10 and 405 freeways, major employment hubs, public transportation, and Santa Monica's renowned beaches, retail, and dining amenities.
Property Type(s):
Residential Income
| Last Updated | 5/12/2025 | Year Built | 1948 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Additional Details
| APPLIANCES | Microwave, Refrigerator |
|---|---|
| AREA | Santa Monica |
| FIREPLACE | Yes |
| GARAGE | Assigned, Concrete, Covered, Door-Single, Driveway, Garage, Gravel, One Space, Private, Yes |
| LOT | 1.09 acre(s) |
| PARKING | Assigned,Concrete,Covered,Door-Single,Driveway,Garage,Gravel,Private,One Space |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| ZONING | SMR2* |
Location
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Listed with Tony Azzi
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