1226 Chelsea Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 6 bed, 5 bath
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Santa Monica, California 90404
This Turnkey Multi-Unit Compound represents a Prime Investment Opportunity with a List Price of $2,699,000—positioned well below the $2,790,000 Fair Market Value by 3%. This valuation gap offers $91,000 in Instant Equity. Featuring an Excellent Condition Rating, the property includes a designer main home plus three 1-bedroom units, upgraded with a 2025 HVAC system, custom kitchen, and City Lights views. It is an ideal acquisition for Owner-Occupants looking to house-hack or Multi-Generational Families seeking a high-end coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1226 Chelsea Avenue Subject | $2,498,000* List Price | 6 | 5 | 3,038 | $918 | - |
A 1222 Chelsea Avenue Active Under Contract | $2,400,000 List Price | 7 | 5 | 2,464 | $974 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that align with the highest quality standards. Key upgrades include a brand-new roof, a 2025 HVAC system, and a high-quality custom kitchen with stone countertops. The interior features solid maple hardwood flooring and a 'decorator done' aesthetic. With the addition of three modern ADUs and updated security systems, the property shows no signs of deferred maintenance and functions as a virtually new multi-unit residence despite its 1958 original build date.
The property features a primary 3-bedroom residence plus three additional 1-bedroom ADUs, offering a rare opportunity for significant rental income or a flexible multi-generational living arrangement in a high-demand area.
With a brand-new roof, a 2025 HVAC system, and a custom designer kitchen with stone countertops, the home offers modern reliability and reduced immediate capital expenditure for the buyer.
The inclusion of a security gate, comprehensive video surveillance system, and on-site garage provides a secure and private environment, which is a highly sought-after feature in the Santa Monica market.
Housing four separate units on a 5,303-square-foot lot results in high density, which may limit private outdoor yard space and create a sense of crowding for the residents.
Managing a multi-unit property built in 1958 requires more intensive maintenance oversight and tenant management compared to a standard single-family residence, potentially deterring passive buyers.
Welcome to 1226 Chelsea Ave, a stunning single-family home with 3 additional one bedroom units, in Northern Santa Monica. This spacious main residence is an impressive 3 bedroom living space, decorator done, light and airy, with solid maple hardwood flooring with ample room for a baby grand piano.A high quality custom kitchen was installed by the meticulous owner along with stone counters. The home recently received a new roof, as well as a new Air conditioning and heating system (2025)The property also features 3 separate one bedroom apartments, each with their own kitchen and bathroom.Step into the inviting living areas and discover seamless transitions between spaces, ideal for both entertaining and relaxing. The outdoor deck is perfect for enjoying the Southern California lifestyle, whether you're hosting a gathering or unwinding in your private retreat.This home has newly installed central heating and cooling, ensuring year-round comfort, and a laundry area complete with washer/dryer hookups and included appliances for added convenience. Parking is a breeze with an on-site garage and additional parking provided.For peace of mind, the property is equipped with a security gate, security system, and video security. These thoughtful features prioritize safety and privacy while enhancing the overall appeal of the property.Situated on a desirable street, this home offers a perfect blend of comfort, practicality, and style. Don't miss your opportunity to experience all that 1226 Chelsea Ave has to offer. Schedule your private tour today!
No exterior & parking available.
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| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.5 |
| Baths | 5.0 | 3.5 |
| Square foot | 3,038 | 2,285.5 |
| Lot Size | 5,303 | 7,496 |
| Price | $2.50M | $3.70M |
| Price per sq ft | $822 | $1.7K |
| Built year | 1958 | 1936 |
| HOA | $0 | $0 |
| Days on market | 170 | 51 |
May 3, 2026
$2,498,000
$2,573,000
-3% Price Drop
Initial Listing
Apr 23, 2026
$2,573,000
$2,598,000
-1% Price Drop
Initial Listing
Mar 26, 2026
$2,598,000
$2,639,000
-2% Price Drop
Initial Listing
Mar 13, 2026
$2,639,000
$2,699,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$2,699,000
$2,790,000
-3% Price Drop
Initial Listing
Feb 2, 2026
$2,790,000
Initial Listing
Sep 22, 2005
$1,299,000
Public Record