2447 Chelsea Place
Santa Monica, CA, 90404 $ 1,850,000
Baths0.0 Sq 4,255 Monthly Estimate*
$ 11,681
Studio for $1,850,000. This 4,255 square foot home was built in 1965 on a lot size of 0.12.
Prime Santa Monica Quadruplex | Investment Opportunity with Strong Upside Potential. Positioned in one of Santa Monica's most sought-after coastal markets, 2447 Chelsea Place presents an attractive opportunity for investors seeking a well-located multi-family asset with a desirable unit mix and long-term potential. The property consists of four residential units, offering a versatile configuration of three 2-bedroom, 2-bath residences and one 1-bedroom, 1-bath residence. Two of the larger units are located upstairs and feature private balconies, while two residences are situated on the lower level. Each unit is assigned a covered carport, and residents have access to community laundry facilities as well as an inviting patio area to enjoy. The diverse unit mix provides flexibility for attracting a broad tenant base while creating the potential for a stable and diversified rental stream. For an investor, the property's appeal extends beyond its current configuration, offering an opportunity to evaluate future improvements, unit enhancements, and other value-add strategies that may increase rental appeal and overall asset performance. Location is a significant component of the investment story. Santa Monica consistently commands attention for its limited housing supply, highly desirable coastal setting, established rental demand, and proximity to employment, entertainment, dining, shopping, and recreation. The property places residents within easy reach of the beach, parks, local businesses, and the distinctive lifestyle that continues to make Santa Monica one of Southern California's premier residential destinations. For investors looking to acquire a multi-unit property in a high-demand coastal market, 2447 Chelsea Place offers a compelling combination of unit diversity, desirable location, and value-add potential. An opportunity to acquire a four-unit asset in Santa Monica and position it for long-term income and appreciation. A strategic addition to an income-focused portfolio or an opportunity for an investor seeking to unlock additional value in one of California's most established coastal communities.
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FeaturesGeneralLiving Area 4255
Sewer Sewer Paid
Cooling See Remarks
Zoning SMR2*
Architectural Style Mid Century Modern
Construction Materials Stucco Frame
Year Built 1965
View See Remarks
Levels Two
Accessibility Other
County Los Angeles
New Construction false
Property Type Residential Income
HOA false
Status Active
City Santa Monica
Entry Location Ground Level w/steps
Senior Community Y/N false
MLS Area C14 - Santa Monica
Lot Size Units Square Feet
Lot Size Square Feet 5186
Land Lease Y/N false
Additional Parcels Y/N false
Structure Type None
Standard Status Active
Year Built Source Assessor
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InteriorInterior Amenities Ceiling Fan(s)
Flooring Carpet Tile Wood
Fireplace Features Bath Family Room Kitchen
Total Stories 2
Window Features Blinds Drapes
Fireplace Y/N true
Laundry Features Community Individual Room Inside
Total Baths 0
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ExteriorParking Features Attached Carport Covered
Water Source None
Lot Size Area 5186
Foundation Details Slab
Spa false
Building Area Total 4255
Lot Size Acres 0.12
Door Features Sliding Doors
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $11,681
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $3,271,700
Percent of Sale Price 77%
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 |
|---|
| 9/4/2026 | $1,850,000 | | Listed Price |