13 Renovated Units in Santa Monica Walker’s Paradise
Turnkey Investment in Excellent Location
Marketing description
Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation, blending modern coastal design with major system upgrades.
Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems.
Positioned in one of Southern California’s strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.
Investment highlights
*Walker's Paradise* —92 Walk Score, 95 Bike Score, and 74 Transit Score put everything within reach — beach, dining, shopping, and transit — all without a car.
*Prime Location* — Prime Santa Monica Location Steps from the Third Street Promenade, 9 blocks to the beach, and minutes from Santa Monica College and UCLA Medical Center.
*System Upgrades* — New roof, copper plumbing, electrical, fiber optic internet, fire sprinkler and monitoring systems, and full asbestos and lead abatement.
*Beautiful Interiors* — Units feature brand new stainless steel appliances, custom kitchen cabinets, SPC flooring, recessed lighting, Title 24 windows, and new HVAC split systems.
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