2218 24th St, Santa Monica, CA 90405
2218 24th St, Santa Monica, CA 90405
2218 24th St, Santa Monica, CA 90405
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$2,950,000
Est. payment /mo
5 Beds
5.5 Baths
3,412 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,412 sqft

Price per Sqft $864

MLS Listing ID 26854589

Style Mid-Century

Bedrooms 5

Construction Status Updated/Remodeled

Year Built 1947

Lot Size 7,516 Sqft

Acres 0.1725

Property Sub-Type Multi-Family

Property Description

The subject property is a five-unit residential income asset located at 2218 24th Street in the Sunset Park neighborhood of Santa Monica. Built in 1947 and zoned SMR1, the asset consists of a (1) 2-Bedroom/ 1.5-Bath + Office front house, (3) 1-Bedroom / 1-Bath units, and (1) Studio / 1-Bath unit, totaling 3,412 rentable square feet on a 7,514 SF lot. There are two garages. One two-car garage is facing the alley, while the other two-car garage is accessible from the courtyard and is currently used as storage. There are 5 total parking spaces on-site. The property is 100% occupied with substantial in-place rental upside, sitting just blocks from Whole Foods, Trader Joe's, the Bergamot Expo Line station, and Santa Monica College. Positioned just blocks from neighborhood shopping and restaurants, the property boasts a walk score of 88 (Walker's Paradise). There is a laundry room on-site with washer and dryer machines that are owned provided a great amenity and additional income. The property benefits from one of the Westside's most walkable submarkets, a quiet residential pocket with limited new supply, strong renter demand, and the long-term durability that defines Santa Monica multifamily.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR1*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type Den

Equipment Refrigerator, Range/Oven

Laundry Laundry Area

Exterior

Parking Features Assigned, Garage - 2 Car, Driveway, Covered Parking

Garage Spaces 5.0

Pool None

View Y/N Yes

View City

Roof Type Composition, Shingle

Building

Lot Description Single Lot, Lot Shape-Rectangular, Lot-Level/Flat, Street Lighting, Street Paved, Front Yard

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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2218 24th St