Charming and well-located 4-unit bungalow property situated on a gated, secure corner lot at Arizona Avenue and Chelsea Avenue in the heart of Santa Monica. This attractive asset offers a rare opportunity to acquire stabilized income in a prime location & high-demand rental market. It is also a perfect for an owner-user property, with one of the units to be delivered VACANT as of July 1st. The property consists of two separate duplex structures, each containing two 1-bedroom units, with a shared central patio between the buildings offering a welcoming communal space. Each unit features both front and rear entry access and are light & bright with plenty of sunshine. Three of the four units have been thoughtfully upgraded with new laminate flooring, upgraded bathroom tile, modern light fixtures, new blinds, and upgraded appliances. All units are equipped with gas wall heaters, and water heaters that have been replaced within the past seven years. Unit 2415, located closest to the alley, also enjoys a spacious private patio, perfect for outdoor living and added privacy. The property includes four private garages accessed from the alley, one of which will be available for the upcoming vacancy. Two of the garages are currently rented separately, generating an additional $400 per month in rental income. The garages also provide the perfect opportunity to convert to ADUs (Buyer to verify). Situated on a 5,293 SF R2-zoned lot, 2415 Arizona Avenue is ideally located just minutes from some of Santa Monica's most desirable amenities, including Whole Foods, Trader Joe's, Reed Park, Virginia Avenue Park, and Santa Monica College.
Days on market: 9
Listing updated: June 12, 2025 - 12:05:06
Listed by: Jake Glaser DRE #02128816 310-425-9838, Lyon Stahl Investment Real Estate, Inc. - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X82195 Originating MLS: CRMLS
Make an offer
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-06-12 14:53:51 PST and /or other sources. 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.
