Estate of Verdie Mae McNeal
9-Unit Value-Add Apartment | 4 Vacant Units | Santa Monica Coastal Location
Marketing description
Probate Sale – Court Confirmation Required
Rare opportunity to acquire a 9-unit value-add apartment building in the heart of Santa Monica, just blocks from the ocean. With four (4) units delivered vacant, investors have immediate upside to reposition rents and significantly increase income.
The property features a strong unit mix of one (1) 3BD/2BA, one (1) 2BD/1.5BA, and seven (7) 1BD/1BA units, along with seven (7) on-site parking spaces (3 garage, 4 surface). Located approximately 13 blocks from the Santa Monica Pier, the asset benefits from high rental demand, walkability, and proximity to major amenities, retail, and transportation.
This is an ideal opportunity for value-add investors and 1031 exchange buyers seeking a well-located coastal asset with both immediate and long-term upside.
Sale Details:
Probate Sale – Court Confirmation Required
• Court hearing date secured
• Property inspection: This inspection has been cancelled as of 3/31/26
• Offers due: 4/6/26 at 11:59 PM
• Offers subject to interior inspection
• New court appraisal completed
Investment highlights
• 9-unit multifamily asset in prime Santa Monica location
• 4 units delivered vacant – immediate value-add opportunity
• Strong unit mix: (1) 3BD/2BA, (1) 2BD/1.5BA, (7) 1BD/1BA
• 7 on-site parking spaces (3 garage, 4 surface)
• Approx. 13 blocks to Santa Monica Pier and ocean
• Ideal for value-add investors and 1031 exchange buyers
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
