Santa Monica Homes with Apartment Subtype

Santa Monica Homes with Apartment Subtype

Welcome to Santa Monica, a vibrant coastal gem nestled in Los Angeles County, California. Renowned for its stunning beaches, eclectic culture, and year-round sunshine, Santa Monica offers a unique blend of urban living and seaside relaxation. With its iconic pier, bustling Third Street Promenade, and lush parks, this city is not just a destination; it’s a lifestyle.

Santa Monica is a haven for those seeking a diverse array of housing options, particularly for those interested in apartment living. The city boasts a wide range of homes with an apartment subtype, catering to everyone from young professionals to families and retirees. Whether you’re looking for a chic studio overlooking the ocean or a spacious multi-bedroom unit in a vibrant community, Santa Monica has something to suit every taste and budget.

Living in an apartment in Santa Monica means enjoying easy access to the beach, trendy cafes, and boutique shops, all while being surrounded by the stunning backdrop of the Pacific Ocean. The city’s commitment to sustainability and community makes it a desirable place to call home. Residents can take advantage of bike-friendly streets, numerous parks, and a lively arts scene, ensuring that there’s always something to explore.

With its perfect blend of coastal charm and urban convenience, Santa Monica is more than just a place to live; it’s a thriving community waiting to welcome you home. Embrace the coastal lifestyle and discover your next apartment in this enchanting city today!

Newest Santa Monica 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

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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.