2230 Delaware Avenue
Santa Monica, CA, 90404 $ 2,260,000
Baths5.0 Sq 3,075 Monthly Estimate*
$ 13,915
Studio for $2,260,000 with 5 full baths. This 3,075 square foot home was built in 1951 on a lot size of 0.12.
"Exceptional turnkey 4-UNIT INVESTMENT OPPORTUNITY in a prime Santa Monica location with stunning Mountain and sunset views. Ideally situated near Santa Monica beaches, Whole Foods, Virginia Park, Santa Monica College, Sunset Park, Main Street, the Pico Neighborhood, and the 3rd Street Promenade. This highly desirable location supports enduring tenant demand and long-term value appreciation, with easy access to shopping, dining, entertainment, and public transportation. Extensively renovated and thoughtfully upgraded, this income-producing property ( GREAT CASH FLOW ) consists of a REMODELED TRIPLEX plus a NEWLY BUILT legal 2-bedroom, 2-bath ADU, offering strong rental demand, stable income generation, and compelling long-term investment potential. Recent capital improvements include new copper re-piping, upgraded electrical and plumbing systems, hardwood flooring and or vinyl plank, dual-pane windows, fresh interior paint, new heaters, and modernized interiors throughout. Each unit features stainless steel appliances including an in-unit washer and dryer, dishwasher, built-in microwave, gas range, and refrigerator. Additional interior upgrades include recessed LED lighting, granite countertops, white shaker-style cabinetry, and designer Edison-style fixtures. These significant upgrades help support tenant satisfaction while reducing near-term maintenance concerns, enhancing the property's appeal as a well-positioned investment asset. The lower front unit enjoys a spacious private patio with panoramic city and Santa Monica Mountain views. Residents also benefit from a large shared rear patio and five onsite parking spaces, amenities that contribute to continued tenant desirability and rental strength. ALL UNITS ARE CURRENTLY TENANT OCCUPIED , providing immediate rental income and operational continuity for investors. DO NOT DISTURB TENANTS. Inside with an accepted offer, no exceptions! Call agent for more information - Make an offer on the CAR FORMS"
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FeaturesGeneralLiving Area 3075
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Zoning SMR2*
Year Built 1951
Levels One
County Los Angeles
New Construction false
Property Type Residential Income
HOA false
Status Active
City Santa Monica
Senior Community Y/N false
MLS Area C14 - Santa Monica
Lot Size Units Square Feet
Lot Size Square Feet 5254
Standard Status Active
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InteriorInterior Amenities Ceiling Fan(s)
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Dryer Included Washer Included
Total Baths 5
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ExteriorParking Features Assigned
Lot Size Area 5254
Building Area Total 3075
Lot Size Acres 0.12
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $13,915
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $4,040,064
Percent of Sale Price 79%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $2,260,000 | | Listed Price |