1223 23rd Street Santa Monica, CA $ 2,995,000
1223 23rd Street
$ 2,995,000
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1223 23rd Street

Santa Monica, CA, 90404
$ 2,995,000
Bedrooms9 Baths8.0 Sq 5,304

Monthly Estimate*

$ 20,921

Listed by Realty Investment Advisors, Inc.
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Multi-Family Home for sale in Santa Monica, CA

for $2,995,000 with 9 bedrooms and 8 full baths. This 5,304 square foot home was built in 1961 on a lot size of 0.1223.

Don't miss this rare opportunity to own a one of a kind fourplex in a highly sought after Santa Monica neighborhood! This property boasts a front unit ideal for an owner-user, designed as a spacious 2-level townhouse with all the comforts of a home. The 3 bedroom & 2 bath unit features a large primary bedroom with sitting area and convenient ensuite bath on the first floor with the other two large bedrooms and one bath on the second floor all with ample closet space. A dedicated washer and dryer room with back door as well as a 1-car garage provides secure parking and storage space. The remaining 3 units each offer 2 bedrooms and 1.5 bathrooms with balcony. All 4 units have beautifully renovated open kitchens, stainless steel appliances, tile, wood flooring and overall fantastic layouts providing comfortable living spaces.. The property offers private gated entrances with keyless entry as well as a digital door lock for each unit. A shared laundry room on site adds convenience for all residents. The building underwent a seismic soft story retrofit in 2020. This property's ideal proximity to the area's finest amenities, from trendy shops and restaurants to parks and just a short distance to Whole Foods and Trader Joe's makes this the ideal lucrative investment and a place to call home.

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Multi-Family Active

Price

$ 2,995,000

Bedrooms

9

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1223

Year Built

1961

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24370605

Days on Market

46

Features
General
Heating WallFurnace
Cooling WallWindowUnits
Appliances Dishwasher Refrigerator
Zoning SMR2*
Year Built 1961
Tenant Pays Electricity Gas
Stories 2
Levels Two
Gross Income 181140.0
County Los Angeles
Net Operating Income 124388.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East on Wilshire Blvd South on 23rd St
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C14 - Santa Monica
Lot Size Square Feet 5326.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name 23rd
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 43
Standard Status Active
Cap Rate 4.15
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Exterior
Parking Features AttachedCarport DoorSingle Driveway Garage
Total Parking 5.0
Lot Size Area 5326.0
Number of Buildings 1
Spa N
Building Area Total 5304.0
Lot Size Acres 0.1223
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 8
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Internal Only
Street Number 1 1223
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* Excluded Features
List By
Realty Investment Advisors, Inc.

Broker

(424) 377-6001

Phone

Affordability Calculator

$20,921
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,921
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$2,995,000 Listed Price

Map


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1223 23rd Street, Santa Monica, CA, 90404 is a Multi-Family Home for sale at $2,995,000 with 5,304 sqft and a lot size of 0.1223. 1223 23rd Street has 9 bedrooms, 8.0 baths, and was built in 1961. The property's zip code is 90404 which is in Santa Monica, CA