$ 2,295,000
-
$2,295,000
Price -
5
Bed -
3
Bath -
4,426
SqFt
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About the Listing CLW-X81461 - CLW-C106829,CLW-C143828
231 California Avenue, a rare five-unit multifamily investment located in the prestigious North of Wilshire enclave of Santa Monica-just three blocks from the beach and moments from the vibrant retail and dining along Montana Avenue. Built in 1953, this two-story property spans approximately 4,426 square feet on a 5,016 square-foot lot zoned SMR3*, offering investors a compelling blend of prime location, strong in-place fundamentals, and substantial long-term upside. The building features an attractive unit mix of spacious one- and two-bedroom layouts, including two 1-bed/1 bath units, two 2-bed/1-bath units and one 2-bed/1.5- bath unit which boasts a private outdoor patio. The property includes four on-site parking spaces (two garaged and two tandem), with additional permitted street parking available for residents. Each unit is separately metered for gas and electricity, includes its own water heater, and is supported by a security system. Operating expenses are minimal, limited primarily to water, common area electricity, and trash. Boasting a Walk Score of 89, the location offers residents unparalleled access to Santa Monica's top lifestyle destinations, including the beach, Palisades Park, Third Street Promenade, and the iconic Pier. Easy access to major transit corridors like the 10 Freeway, 405, PCH, and Expo Line ensures convenient connectivity to Downtown LA, Silicon Beach, and LAX. This is a premier opportunity to acquire a turn-key asset in one of Southern California's most supply-constrained and highly desirable coastal submarkets. 1 Unit (2+1) to be delivered vacant
Listing Highlights for 231 California Ave
Status
Pending
Days on Site
87
Property Type
Multi-Family
MLS ®
25551221
Year Built
1953
Total Square Footage
4,426
Lot/Acreage
0.12
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Refrigerator, Gas Cooktop
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 4
- Zoning: SMR3*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Garage - Two Door,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4292022009
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
231 California Ave Santa Monica, CA 90403
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