Santa Monica (C14) Homes with Apartment Subtype

Santa Monica (C14) Homes with Apartment Subtype

Welcome to Santa Monica, a vibrant coastal gem nestled in Los Angeles County, California. Known for its stunning beaches, iconic pier, and a lively atmosphere, Santa Monica is a place where the sun shines almost year-round, offering a perfect backdrop for both relaxation and adventure. With a rich blend of urban sophistication and laid-back beach culture, this city is a haven for those seeking a dynamic lifestyle.

Santa Monica is not just about its breathtaking ocean views; it's also a thriving community filled with eclectic shops, gourmet restaurants, and a bustling farmers' market. The Third Street Promenade is a must-visit, where you can enjoy street performances and indulge in retail therapy. For outdoor enthusiasts, the Santa Monica Mountains provide an array of hiking trails, while the beach invites you to soak up the sun or take a leisurely stroll along the shore.

When it comes to real estate, Santa Monica offers an enticing selection of homes, particularly in the apartment subtype category. These residences range from chic studios to spacious multi-bedroom units, catering to a diverse array of lifestyles. Many apartments boast modern amenities, ocean views, and proximity to the vibrant cultural scene that Santa Monica is known for. Whether you're a young professional, a family, or looking for a serene retreat, you'll find an apartment that fits your needs perfectly.

Living in Santa Monica means embracing a lifestyle filled with sunshine, community, and endless opportunities for exploration. Come discover your dream home in this enchanting coastal paradise!

Newest Santa Monica (C14) Homes with Apartment Subtype

$2,980,000
AR26033449 MLS Active Status
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.

1813 9th Street, Santa Monica

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.