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 offers a unique blend of urban sophistication and laid-back coastal living. With its year-round pleasant climate, residents enjoy outdoor activities, from sunbathing on the beach to biking along the scenic beachfront path.

In this charming city, the real estate market is as diverse as its residents. Among the most sought-after properties are homes with apartment subtypes, catering to a variety of lifestyles. These homes offer the perfect solution for those seeking the convenience of apartment living while enjoying the benefits of a residential community. Whether you’re a young professional, a growing family, or looking for an investment opportunity, Santa Monica’s apartment-style homes provide modern amenities and easy access to the city’s vibrant culture.

Imagine living just moments away from the bustling Third Street Promenade, filled with shops, restaurants, and entertainment options. Or picture yourself relaxing at one of the many parks, enjoying a sunset stroll along the beach. With excellent schools, a strong sense of community, and a rich array of dining and shopping experiences, Santa Monica is not just a place to live; it’s a lifestyle.

Discover the charm of Santa Monica and explore the available homes with apartment subtypes that perfectly fit your needs. Embrace the coastal lifestyle and make Santa Monica your new home today!

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

Start Your Search

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.