2648-2662 23rd Street
Multifamily | 8 Units | $400,000/unit
Marketing description
Beautiful Mid Century Modern 8-unit multifamily property in Santa Monica's happening Sunset Park neighborhood on a large 9,283 square foot corner lot. Consists of four 2-bedroom/1-bath units and four 1-bedroom/1-bath units, with six 1-car garages and one carport. Built in 1949, approximately 6,294 square feet of building area. Individually metered, installed gas shutoff valves, and does not require seismic retrofitting. Each unit has its own water heater, back door, generous floor plans, and ample closet space. Property improvements include a brand-new roof and gutters, copper plumbing, a waterproof deck over the garages, and beautifully designed landscaping with irrigation, timer, enclosed by a redwood perimeter fence with two gates. Seven of the eight units have been upgraded including SPC flooring, faux wood blinds, kitchen cabinets, new countertops, and gas stoves.
Sunset Park is happening with a strong rental demand, neighborhood shops and restaurants, nearby employment hubs, and proximity to Silicon Beach. The property is close to Santa Monica College, Bergamot Station, the Metro, Santa Monica's office parks, and the broader Westside employment corridor. Santa Monica remains one of Southern California's most desirable coastal rental markets, known for its lifestyle, beaches, restaurants, shopping, entertainment, schools, and access to major technology and media employers. Nearby communities include Venice Beach, Marina del Rey, Playa Vista, Brentwood, Westwood, Pacific Palisades, and West Los Angeles. Drive by only. Do not disturb tenants.
Investment highlights
- Large 9,283 square foot corner lot
- Brand-new roof and gutters
- Copper plumbing
- Individually metered
- Gas shutoff valves installed
- No required seismic retrofitting
- Seven of eight units upgraded
- Potential ADU opportunity; buyer to conduct independent investigation
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