See all 6 photos
$5,650,000
Est. payment /mo
16 Beds
17 Baths
9,346 SqFt
New
210 California AVE Santa Monica, CA 90403
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,346 sqft
Price per Sqft $604
MLS Listing ID 25628195
Bedrooms 16
HOA Y/N No
Year Built 1962
Property Description
210 California Ave presents a fully vacant coastal multifamily opportunity located in Santa Monica's premier 90403 neighborhood, one of Los Angeles' most supply-constrained and highest-demand rental markets. Withdrawn under the Ellis Act in 2019, the property has completed all required timelines and is now eligible to be reintroduced at full market rents. Built in 1962, this 9,346 SF, 11-unit building sits on a 7,498 SF corner lot just one block from Ocean Avenue, with partial ocean views on select units. 210 California offers investors a rare blank-canvas value-add or redevelopment play in a trophy coastal location. The existing unit mix six 2BD/2BA units, four 1BD/1BA units, and one studio, supports multiple repositioning strategies, from premium interior renovations to a full reconfiguration or entitlement-driven redevelopment (buyer to verify). With all units delivered vacant, investors can immediately begin rehabilitation and execute a streamlined lease-up at prevailing Santa Monica rents, supported by strong tenant demand, high household incomes, and strict long-term supply constraints. Situated steps from the beach, Palisades Park, Montana Avenue, and the 3rd Street Promenade, the asset benefits from exceptional walkability, affluent demographics, and resilient rental fundamentals. This is a highly executable coastal value-add opportunity with significant NOI growth potential and durable long-term equity.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4292021020
Special Listing Condition Standard

Listed by Tony Azzi Tony Azzi
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