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1226 Chelsea Avenue, Santa Monica, California 90404, Santa Monica, 90404 - 6 bed, 5 bath

1226 Chelsea Avenue, Santa Monica, California 90404 home-pic-0
ACTIVE$3,175,000
1226 Chelsea Avenue, Santa Monica, California 90404
6Beds
5Baths
3,038Sqft
5,303Lot
Year Built
1958
Close
-
List price
$3.17M
Original List price
$3.39M
Price/Sqft
$1,045
HOA
-
Days on market
-
Sold On
-
MLS number
SB25037176
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.17M(50th), sqft - 3038(50th), beds - 6(50th), baths - 5(50th).

FULLY VACANT HOUSE + 3 UNITS | A unique opportunity to own a fully vacant 4plex in the heart of Santa Monica. Whether you're an owner-user looking to live in one unit and rent the others, or an investor ready to set market rents from day one, this property offers the kind of flexibility that's nearly impossible to find especially in Santa Monica. Located just off Wilshire Blvd, you're minutes from everything: Douglas Park, Whole Foods, Trader Joe's, UCLA Medical Center, The Water Garden and Colorado Center Park. With an unbeatable Walk Score, this is the type of neighborhood people stay in for years.The front home is a spacious and fully remodeled 3-bedroom, 2-bath house with a den, modern fixtures, a private front deck, and 10-foot privacy shrubs that require virtually no upkeep. Behind it are three remodeled 1-bedroom, 1-bath units, perfect for extended family, guests, or strong rental income. All units will be delivered fully furnished. Additionally, there are garages in the back that presents strong ADU potential. The property also features a new energy-efficient roof with reflective material, keeping things cool and efficient. With no tenants, this property gives you a rare advantage in Santa Monica full control from day one. Live in the front, lease the back, build out an ADU, or simply hold a strong asset in a coastal market.

Price History

Date
Event
Price
09/22/05
Sold
$1,299,000
Condition Rating
Good
The property, built in 1958, has undergone significant renovations. The main house features a fully remodeled kitchen with granite countertops, stainless steel appliances, and modern fixtures, along with an updated bathroom with a vessel sink and tiled shower, suggesting a renovation within the last 5-15 years. Hardwood floors are present throughout. The three additional units are described as 'remodeled' and are move-in ready, but their kitchens display older white appliances and basic white cabinetry, and bathrooms have more dated fixtures, indicating an older renovation (likely 15-30 years ago). A new energy-efficient roof is a major positive update. While the main house leans towards excellent, the older updates in the other units and the presence of window AC units rather than central air conditioning for all units bring the overall condition to 'Good'. The property is well-maintained and functional, requiring no immediate major renovations.
Pros & Cons

Pros

Full Vacancy & Immediate Income Potential: The property is fully vacant, a rare advantage in Santa Monica, allowing the new owner to set market rents immediately and offering unparalleled control from day one for an owner-user or investor.
Prime Santa Monica Location: Situated in the heart of Santa Monica, just off Wilshire Blvd, with an unbeatable Walk Score and proximity to essential amenities, parks, and medical centers, ensuring high demand and desirability.
Versatile Property Configuration: A 4-plex comprising a spacious 3-bedroom main house and three remodeled 1-bedroom units, providing flexibility for owner-occupancy with rental income, multi-generational living, or pure investment.
Recent Remodels & Modern Upgrades: Both the main house and the three units have been remodeled with modern fixtures, and the property features a new energy-efficient roof, reducing immediate capital expenditures for the buyer.
ADU Potential: Garages in the back present strong Accessory Dwelling Unit (ADU) potential, offering a clear path to further increase property value and rental income, maximizing the property's utility.

Cons

Age of Construction: Built in 1958, the property is over 60 years old. While remodeled, older construction can sometimes lead to unforeseen maintenance issues or require updates to systems not covered by recent cosmetic renovations.
Lack of Explicit Cooling System: The description mentions an energy-efficient roof for cooling but does not explicitly state the presence of central air conditioning or other dedicated cooling systems in the units, which could be a comfort concern in warmer weather.
Furnished Units Limitation: While delivered fully furnished can be a convenience for some, it might narrow the tenant pool to those specifically seeking furnished rentals and could incur additional costs for inventory management or removal if unfurnished tenants are preferred.

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