2440 Chelsea Pl - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$2,100,000 USD
310-470-8963
2440 Chelsea Pl, Santa Monica, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2440 Chelsea Pl
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • OPEN HOUSE: Tuesday, June 2nd | 11am – 2pm
  • Prime Santa Monica Location: Minutes to Downtown Santa Monica; 94 Walk Score
  • Owner-User Opportunity: Charming well-maintained single-family home with triplex on quiet cul-de-sac
  • Turnkey: House and two out of three apartments fully renovated
  • Attractively Priced at $2.1 Million
  • Excellent Proximity to Employment; Coveted School District; Convenient Access to Transportation

OVERVIEW

OPEN HOUSE: Tuesday, June 2nd | 11am – 2pm PROPERTY WEBSITE with OM: https://properties.berkadia.com/the-chelsea-492183/ Berkadia is excited to exclusively offer for sale, The Chelsea at 2440 Chelsea Place, a single-family home with triplex in a prime Santa Monica location. The turnkey property would be great for an owner-user and features a renovated house and 2 out of 3 apartments fully renovated. Units are bright and airy with renovations including modern, sleek cabinetry, quartz countertops, stainless-steel appliances and wood-style laminate flooring. Both the house and one unit include in-unit washer/dryer. This investment opportunity offers approximately $324/unit/month in rental upside potential. The location is considered a “Walker’s Paradise” with a 94 Walk Score. Residents can walk to CVS, Starbucks, Jamba Juice, Providence Saint John’s Health Center, Trader Joe’s, and a Variety of Restaurants. The property is minutes to Downtown Santa Monica, the 26th Street/Bergamot Metro Expo Station, and is one block to highly ranked McKinley Elementary School. Tremendous Area Demographics: Average Household Income Over $210K and Average Housing Value Over $2.13M within a three-mile radius.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$876 USD /SF

# OF UNITS

4

PRICE/UNIT

$525,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

House+3 Units in Prime Santa Monica

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,052 SF

ZONING

SMR2*

APN/PARCEL ID

4276-022-012

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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