$2,550,000
About this home
Presenting a rare value-add development in the heart of Santa Monica! Delivered RTI, this property is fully approved for a thoughtfully designed 7-unit apartment complex. The existing site currently offers a charming courtyard arrangement of four bungalow-style residences one one-bedroom and three two-bedrooms surrounding a sun-filled garden. The approved plans reimagine the property with a tasteful renovation of the existing units into Class A Spanish-style bungalows, while adding three new residences: a duplex thoughtfully placed in the center courtyard and a studio ADU above the garage. The result is a boutique collection of seven residences blending historic charm with modern functionality. With stamped permits in hand and no delay in starting construction, this is a true plug-and-play opportunity to create one of the few new multifamily offerings in one of the strongest and most supply-constrained rental markets in Los Angeles. A turnkey investment opportunity in a premier coastal locationthis is not to be missed!
Facts & features
- Bedrooms
- 7
- Bathrooms
- 0 full, 0 half
- Living area
- 5,100 sq ft
- Heating
- None
- Cooling
- None
- Levels
- Multi Split
- Lot size
- 0.184 acres (8,023 sq ft)
- Year built
- 1927
- Parking
- None
- Parking spaces
- 5
- Area
- C 14 - Santa Monica
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 8
- Listed
- 2026-06-01
- Parcel #
- 4277009003
- MLS #
- 26841047
