1031 Exchange and Passive Income Investors: Park your cash in this turnkey, fully renovated six-unit building with TWO VACANT UNITS in a prime Santa Monica location and a projected 4 - 5% CAP! Offering both stability and flexibility, this property is ideal for investors and owner-users alike - two vacant units are ready to rent at market rates or occupy for the perfect blend of income and coastal living. Fully remodeled from top to bottom, this building is truly turnkey - a dream for those seeking a low-maintenance, high-return investment in one of the Westside's most sought-after rental markets. The unit mix includes (2) 2-bedroom + den units - each with flexible space that can function as a third bedroom, and (4) classic 2-bedroom/1-bath layouts. Five of the six units have been newly updated with split-system A/C, double-paned windows, upgraded electrical, sleek vinyl flooring, and abundant natural light. Tenants will love the modern touches throughout, from recessed lighting and chic wallpaper to designer-tiled bathrooms. The kitchens shine with brand-new stainless-steel appliances, two-toned glossy cabinetry, and quartz countertops. A sunny communal courtyard offers the perfect outdoor hangout for tenants, while the property also features TONS of parking with four covered carport spaces, two private one-car garages, and on-site laundry for additional income. Each unit has its own unique character- an unbeatable combination in one of LA's most desirable coastal markets. Just half a mile from the beach and minutes to Ocean Park's vibrant restaurants, cafes, Whole Foods, the Farmers Market, and the Expo Line. A true Santa Monica gem offering the best of both worlds: effortless income, long-term growth, and the coastal lifestyle everyone wants.

Listing courtesy of Emma Russell of Pardee Properties

Based on information from the The MLS as of 2025-10-17 09:30 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.