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We are proud to present a rare opportunity to acquire a well-located, 6 unit multifamily asset in the heart of Santa Monica, just a few blocks away from the beach. Built in 1963, the property spans approximately 7,763 square feet on a 7,485 square feet lot and boasts an exceptional unit mix of two 2-bedroom / 1.5-bath townhouse style units, three 3-bedroom / 2-bath units, and one 3-bedroom/1.5-baths townhouse -style unit. The units feature spacious floor plans and ample closet space. The well-maintained property is separately metered for gas & electric, serviced by a central water heater, and offers an on-site laundry facility, one 2-car garage with storage rooms, and five carport parking spaces with storage bins. In recent years, the property has had significant capital improvements including a newer roof, copper plumbing in most units, multiple updated electrical sub-panels, replacement of a complete full main sewer line, and a new water heater in the laundry room. Two units have been extensively upgraded to include individual tankless water heaters & in-unit laundry, upgraded flooring, new kitchens with new shaker cabinetry, quartz countertops, stainless-steel appliances including gas stove, refrigerator, microwave & dishwasher, new bathrooms, dual pane windows, and new lighting. These upgrades address deferral maintenance, improve building functions, enhance tenant experience, and will meaningfully increase the long-term value & performance of the property. The current rent is still below the market, a new owner is presented with the opportunity to increase rent to market price upon vacancy and further increase rental income with complete unit renovations of remaining unrenovated units. Additionally, the architectural work for the back carport ADU conversion is completed and ready to pull permits. This project will create two rentable studio units and will significantly increase both property value and cash flow. With stable income in place and meaningful upside through interior renovations and tenant turnover, the property presents a compelling blend of immediate cash flow & long term appreciation potential. This is a rare chance to own a turnkey asset in one of the most affluent & high-demand rental markets in Southern California.
Property Type(s):
Residential Income
| Last Updated | 2/13/2026 | Year Built | 1963 |
|---|---|---|---|
| Community | C14 - Santa Monica | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer |
|---|---|
| AREA | C14 - Santa Monica |
| CONSTRUCTION | Frame |
| GARAGE | Yes |
| HEAT | Forced Air |
| INTERIOR | Ceiling Fan(s), Recessed Lighting |
| LOT | 7484 sq ft |
| LOT DIMENSIONS | 7485 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with High Ten Partners, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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