1222 Chelsea Avenue presents a rare opportunity to acquire a well-located triplex on a quiet, tree-lined street just moments from Douglas Park, neighborhood markets, shops, dining, and transit in one of Santa Monica's most desirable residential neighborhoods. The key here is flexibility as the property consists of three thoughtfully configured units totaling approximately 2,464 sq ft total across 3 units: The front 3+2 cottage is apx 900 sq ft, the Rear duplex is 3+2 upper with terrace apx 900 sq ft, and 1+1 lower apx 650 sq ft. The layout provides both separation and functionality, appealing to traditional tenants, extended households, or multi-generational living. A detached three-car garage and on-site laundry enhance convenience, usability, and long-term tenant appeal, while the overall scale of the property offers the intimacy of low-density ownership rarely available in Santa Monica's high-barrier-to-entry market. The property is currently leased to a single tenant under a month-to-month master lease generating approximately $12,695 per month providing immediate income from day one with operational simplicity. Previously withdrawn from the rental market under the Ellis Act, with re-rental restrictions expired, the property offers a level of flexibility that is increasingly uncommon locally: a buyer may elect to continue the existing master lease structure, purchase the property vacant for personal occupancy, or lease the units individually at current market rates. This optionality allows alignment with a variety of objectives, whether seeking stabilized income, partial owner occupancy with supplemental rental revenue, a family compound configuration, or long-term hold in a premier coastal submarket. Recent 2025 improvements including plumbing, electrical, termite remediation, mold remediation, and foundation-related work provide additional confidence in the property's condition and ongoing durability. Opportunities of this scale and versatility in Santa Monica are increasingly limited, making 1222 Chelsea Avenue a compelling option for both investors and owner-users seeking stable income, long-term appreciation potential, and meaningful control over future use.