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$9,999,000
Est. payment /mo
40 Beds
32 Baths
24,494 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,494 sqft
Price per Sqft $408
MLS Listing ID 25537621
Bedrooms 40
HOA Y/N No
Year Built 1948
Lot Size 1.095 Acres
Property Description
2032-2106 Delaware Avenue is a two-story, wood-frame construction apartment building consisting of 30 total units, supported by two parking structures at the rear of the property. The unit mix includes 20 one-bedroom units, 2 two-bedroom townhome units, and 8 two-bedroom units, offering a balanced combination of layouts to attract a diverse tenant base. The property presents a compelling value-add opportunity, with approximately 38% rental upside. Set on a large 1.09-acre lot with low site coverage, the site provides ample space for the addition of 2 to 4 accessory dwelling units (ADUs), allowing for future income growth. Residents enjoy the convenience of 26 private one-car garages, full kitchens in each unit, and on-site laundry facilities. Mature landscaping, combined with an open and spacious layout, creates a serene, garden-style community atmosphere that is highly desirable to tenants. Located in the heart of Santa Monica's thriving Pico neighborhood, the property offers easy access to the I-10 and 405 freeways, major employment hubs, public transportation, and Santa Monica's renowned beaches, retail, and dining amenities.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Flooring Wood
Fireplaces Type Bath, Dining Room, Kitchen, Living Room
Fireplace Yes
Appliance Microwave, Refrigerator
Exterior
Parking Features Assigned, Concrete, Covered, Door-Single, Driveway, Garage, Gravel, Private, One Space
Pool None
Attached Garage No
Total Parking Spaces 26
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4274021016
Special Listing Condition Standard
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Listed by Tony Azzi • Tony Azzi
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