1434 24th Street, Santa Monica, California 90404, Santa Monica, 90404 - 4 bed, 3 bath
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1434 24th Street
Santa Monica, California 90404
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,081Sq Ft
5,532Lot Size
Property Price
LIST PRICE$2,195,000
EST. MARKET VALUE
$2,273,650
3% BelowMARKET VALUE
SUMMARY
This Triplex Residential Asset represents a High-Potential Investment Opportunity, listed at $2,195,000—positioned well below the $2,269,593 Fair Market Value by 3%. This valuation gap offers $74,593 in Instant Equity. Featuring a Condition Rating of 2 with a fully remodeled front unit, the property provides immediate rental income of $60,000 annually from the rear units. With a private patio and deck, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield Santa Monica income stream.
Estimated Market Value
$2,273,650+$78,650 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1434 24th Street Subject | $2,195,000* List Price | 4 | 3 | 2,081 | $1,093 | - |
A 1538 16th Street Sold | $2,400,000 | 5 | 3 | 2,114 | $1,135 | 0.6 mi |
B 2817 Virginia Avenue Active | $2,099,000 List Price | 4 | 4 | 2,132 | $985 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1939, the property features a beautifully remodeled front home with a modern kitchen (quartz countertops, flat-panel cabinetry, stainless steel appliances), updated flooring, and contemporary fixtures. The high-quality, recent renovation (likely <5 years) and mint, move-in-ready condition of the primary unit meet the criteria for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation
The property functions as a high-yield asset with two rear units already generating $60,000 in annual income, plus a vacant, remodeled front home ready for an owner-occupant or a third rental stream.
- Prime Santa Monica Location
Situated in the vibrant Broadway Arts District, the property offers exceptional walkability and proximity to the Metro Rail, major studios, and local art centers, ensuring long-term desirability and low vacancy.
- Privacy and Layout
Unlike traditional multi-family buildings, this triplex consists of three completely separate homes, providing residents with superior privacy, individual character, and dedicated outdoor spaces.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2081, other record living area = 1431. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Vintage Infrastructure
Originally built in 1939, the property may require significant ongoing maintenance or capital expenditures to address aging mechanical, electrical, and plumbing systems common in older Spanish-style builds.
- Limited Interior Square Footage
With a total of 2,081 square feet divided among three separate residences, the individual units are relatively compact, which may limit the tenant pool to smaller households or individuals.
About 1434 24th Street
Discover a hidden gem in the heart of Santa Monica's vibrant Broadway Arts District! This charming Spanish-style TRIPLEX is full of character and opportunity, just moments from studios, art centers, the Santa Monica Co-Op, Metro Rail, and some of the city's best local events. The property features three completely separate homes, offering the perfect blend of privacy and flexibility. The beautifully remodeled front home is vacant and ready for its next owner, complete with a lush, private front yard and a spacious rear courtyard that's ideal for relaxing, entertaining, or enjoying time with neighbors and friends. With the two rear homes already generating approximately $60,000 in annual income not including the vacant main home this is an incredible opportunity for an owner-occupant or savvy investor. Plus, two of the three homes include in-unit laundry for added convenience. Whether you're looking to live in one home while earning rental income or expand your investment portfolio, this one-of-a-kind property checks all the boxes. Don't miss your chance to own a slice of Santa Monica charm!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 5,532 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,081 | 1,967.643 |
| Lot Size | 5,532 | 6,981.625 |
| Price | $2.19M | $3.73M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1939 | 1940 |
| HOA | $0 | $0 |
| Days on market | 55 | 58 |
Pricing History
Listed for Sale
Jul 16, 2026
$2,195,000
Initial Listing
Sold
Jun 25, 2013
$820,000
Public Record
Sold
Apr 13, 2012
$745,000
Public Record