1226 Chelsea Ave - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$3,175,000 USD
310-561-2384
1226 Chelsea Ave, Santa Monica, CA for Sale
$3,175,000 USD
Apartments - FOR SALE
1/42
null | 5.33% Cap Rate

1226 Chelsea Ave
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • HOUSE + 3 UNITS | Rare Fully Vacant Four-Unit Property – Occupy or lease up at market rate rents.
  • Prime Santa Monica Location – Just off Wilshire Blvd, near Douglas Park, Whole Foods, Trader Joe’s, UCLA Medical Center, The Water Garden, and more.
  • Desirable Unit Mix – (1) 3-bed, 2-bath front house w/den(fully remodeled with modern fixtures and a private front deck) and (3) 1-bed, 1-bath units
  • Natural Privacy & Low Maintenance Landscaping – 10-foot-tall shrubs provide seclusion and require trimming only once per year.
  • ADU Potential – Garage space can be converted into an ADU for additional rental income.
  • Recent Upgrades – New roof with reflective material for improved energy efficiency and long-term durability.

OVERVIEW

FULLY VACANT HOUSE + 3 UNITS | A unique opportunity to own a fully vacant 4plex in the heart of Santa Monica. Whether you're an owner-user looking to live in one unit and rent the others, or an investor ready to set market rents from day one, this property offers the kind of flexibility that's nearly impossible to find especially in Santa Monica. Located just off Wilshire Blvd, you're minutes from everything: Douglas Park, Whole Foods, Trader Joe's, UCLA Medical Center, The Water Garden and Colorado Center Park. With an unbeatable Walk Score, this is the type of neighborhood people stay in for years.The front home is a spacious and fully remodeled 3-bedroom, 2-bath house with a den, modern fixtures, a private front deck, and 10-foot privacy shrubs that require virtually no upkeep. Behind it are three remodeled 1-bedroom, 1-bath units, perfect for extended family, guests, or strong rental income. All units will be delivered fully furnished. Additionally, there are garages in the back that presents strong ADU potential. The property also features a new energy-efficient roof with reflective material, keeping things cool and efficient. With no tenants, this property gives you a rare advantage in Santa Monica full control from day one. Live in the front, lease the back, build out an ADU, or simply hold a strong asset in a coastal market.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$949 USD /SF

# OF UNITS

4

PRICE/UNIT

$793,750

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,516 SF

ZONING

SMR2*

APN/PARCEL ID

4276-017-050

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.