2218 24th Street, Santa Monica, CA 90405
- $2,950,000
- 5
- BD
- 5
- BA
- 3,412
- SqFt
- List Price
- $2,950,000
- Status
- ACTIVE
- MLS#
- 26854589
- Year Built
- 1947
- Bedrooms
- 5
- Bathrooms
- 5
- Living Sq. Ft
- 3,412
- Lot Size
- 7,516
- Acres
- 0.17
- Lot Location
- Front Yard, Rectangular Lot
- Days on Market
- 21
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Multi Level
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.
/u.realgeeks.media/tonylanzhomes/Tony_Lanz_Logo_Transparent_sm.png){kind=spacer}
Additional Information
- Appliances
- Refrigerator
- Pool Description
- None
- Fireplace Description
- Den
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- City Lights
- Exterior Construction
- Stucco
- Patio
- Rear Porch
- Roof
- Composition, Shingle
- Garage Spaces Total
- 2
- Sewer
- Other
- Attached Structure
- Attached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: William James (will@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Mortgage Calculator
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.