2218 24th ST, Santa Monica, CA 90405
2218 24th ST, Santa Monica, CA 90405
2218 24th ST, Santa Monica, CA 90405
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$2,950,000
Est. payment /mo
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5 Beds
5 Baths
3,412 SqFt
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2218 24th ST Santa Monica, CA 90405

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Mason Frakes

Mason Frakes

+1(805) 260-4860

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,412 sqft

Price per Sqft $864

MLS Listing ID 26854589

Bedrooms 5

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 7,514 Sqft

Property Description

The subject property is a five-unit residential income asset located at 2218 24th Street in the Sunset Park neighborhood of Santa Monica. Built in 1947 and zoned SMR1, the asset consists of a (1) 2-Bedroom/ 1.5-Bath + Office front house, (3) 1-Bedroom / 1-Bath units, and (1) Studio / 1-Bath unit, totaling 3,412 rentable square feet on a 7,514 SF lot. There are two garages. One two-car garage is facing the alley, while the other two-car garage is accessible from the courtyard and is currently used as storage. There are 5 total parking spaces on-site. The property is 100% occupied with substantial in-place rental upside, sitting just blocks from Whole Foods, Trader Joe's, the Bergamot Expo Line station, and Santa Monica College. Positioned just blocks from neighborhood shopping and restaurants, the property boasts a walk score of 88 (Walker's Paradise). There is a laundry room on-site with washer and dryer machines that are owned provided a great amenity and additional income. The property benefits from one of the Westside's most walkable submarkets, a quiet residential pocket with limited new supply, strong renter demand, and the long-term durability that defines Santa Monica multifamily.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR1*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type Den

Fireplace Yes

Appliance Refrigerator

Exterior

Parking Features Assigned, Covered, Door-Multi, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Porch Rear Porch

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Rectangular Lot

Faces East

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4273007003

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

NEARBY SCHOOL & BUSINESS

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Mason Frakes

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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