
Santa Monica, California 90404
Analysis of 2851 Delaware Avenue, Santa Monica, California 90404 is currently available with a list price of $2,500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1938 and previously used as high-density student housing, this 13-bedroom property shows significant wear and functional obsolescence. The exterior stucco is aged, and the interior configuration suggests heavy use of systems (plumbing/electric) that likely require a full gut renovation to return to a standard residential use.
With a total of 13 bedrooms, 8 bathrooms, and a detached ADU, this property offers a rare high-density configuration in Santa Monica, making it an ideal investment for student housing, group homes, or multi-generational living.
Situated on a desirable corner lot of a tree-lined street, the property benefits from increased privacy, additional street parking, and the prestige of a highly sought-after Santa Monica neighborhood.
The home features a separate exterior entrance for the upstairs living area and multiple kitchenettes, providing excellent functional autonomy for different occupants or potential rental units.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3065, other record living area = 2615. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 13, other record bedroom count = 6.
Fitting 13 bedrooms into approximately 3,065 square feet suggests very small individual room sizes, which may feel cramped and limit appeal for buyers looking for a traditional, spacious single-family floor plan.
Given the 1938 construction and its history as a high-occupancy rental for college students, the property likely requires significant capital investment to modernize systems and address wear and tear.
Location location location! with desirable corner lot of a tree lined street, this spacious home was once hosted for college students. Downstairs you will find 7 bedrooms, 4 bathrooms, kitchen, laundry area. Upstairs you will find 4 bedrooms, 3 bathrooms, a 2nd dining room, living room and another kitchenette and laundry. The upstairs living area is also accessible via a separate exterior entrance. Other features include a custom tiled fireplace in the front living room, a large backyard accessible via French Doors from the rear entrance as well as a detached garage ADU that's a 2 bedrooms and 1 bathroom. With plenty of storage space that is accessible from the side street. This home is ideally suited for a large family or a group home setting that would benefit from the additional living areas and bedrooms. Buyers use your imagination at the different possibilities of this unique home. This is a wonderful value, at a very competitive price per square foot, for a spacious 13 bedrooms and 8 bathrooms Santa Monica home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 13.0 | 3.1 |
| Baths | 8.0 | 2.9 |
| Square foot | 3,065 | 1,967.643 |
| Lot Size | 6,497 | 6,981.625 |
| Price | $2.50M | $3.73M |
| Price per sq ft | $816 | $1.7K |
| Built year | 1938 | 1940 |
| HOA | $0 | $0 |
| Days on market | 47 | 58 |
Jul 24, 2026
$2,500,000
Initial Listing
Sep 18, 2014
$1,200,000
Public Record