
Santa Monica, California 90404
This Santa Monica Triplex represents a High-Potential Investment Opportunity, listed at $2,599,999—positioned slightly above the $2,536,553 Fair Market Value. While not a discount play, the property features an Excellent Condition Rating with recent capital improvements including a new roof and plumbing. The detached front bungalow offers a private lifestyle, while the two updated rear units provide immediate rental income. This turnkey asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand location near premium amenities and Metro access.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely <5 years) including a new roof, sewer lines, and plumbing. Kitchens and bathrooms in all units are fully updated with modern Shaker cabinetry, quartz countertops, and stainless steel appliances. With central HVAC in the front unit and mint interior finishes throughout, the property is in move-in condition with no deferred maintenance.
The detached front bungalow functions as a private single-family residence with its own HVAC and outdoor space, offering a rare opportunity for an owner to live on-site while generating significant rental income from the rear units.
The property has undergone significant upgrades including a new roof, sewer lines, plumbing, and modern interior renovations across all units, significantly reducing the risk of immediate deferred maintenance.
Situated in a highly walkable neighborhood south of Wilshire, the property is steps from Trader Joe’s, Whole Foods, and Douglas Park, ensuring high tenant desirability and long-term asset appreciation.
Being a multi-unit property in Santa Monica, it is subject to strict local rent control ordinances, which may limit immediate rental upside and complicate management for new investors.
With three units and six parking spaces on a 5,326 square foot lot, the property has a high building-to-land ratio, resulting in limited common outdoor space or yard area for the rear tenants.
Rare Santa Monica triplex in a prime 24th Street location just south of Wilshire, featuring a highly desirable detached front bungalow plus two rear income units. The front residence lives like a private single-family home, offering approximately 1,050 square feet with 2 bedrooms, 2 full bathrooms, living room, dining area, in-unit laundry, hardwood flooring, central heat and air, and a private outdoor deck/patio. The kitchen and baths have been tastefully updated with white Shaker cabinetry, quartz countertops, stainless steel appliances, and clean modern finishes. Ideal for an owner-user seeking a Santa Monica residence with income from the rear units, with potential owner-occupancy rent control advantages to be independently verified. The front home also includes secure covered parking for two vehicles, garage door opener, storage cabinetry, and gated/passcode access from the carport. Rear Unit A is a two-story 2 bedroom, 1.5 bath apartment of approximately 960 square feet, with living room, kitchen, and powder room on the first level and two bedrooms plus full bath upstairs. Rear Unit B is an upstairs 2 bedroom, 1 bath apartment of approximately 930 square feet with an open living/kitchen layout. Both rear units have been recently updated with wood look luxury vinyl plank flooring, Shaker-style cabinetry/vanities, quartz countertops, tile finishes, and stainless steel appliances. Each rear unit has two covered carport parking spaces with extra storage, and both share a ground-level laundry room. Recent property improvements include a new roof, sewer lines, plumbing, security gate, cameras, interior/exterior paint, and other thoughtful upgrades. Outstanding Santa Monica location near Trader Joe’s, Whole Foods, Douglas Park, St. John’s Health Center, The Water Garden, McKinley Elementary, and nearby Metro access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,938 | 1,990 |
| Lot Size | 5,326 | 5,294 |
| Price | $2.60M | $1.64M |
| Price per sq ft | $885 | $780 |
| Built year | 1977 | 1947 |
| HOA | $0 | $0 |
| Days on market | 28 | 63 |
Jun 24, 2026
$2,599,999
Initial Listing