943 19th, Santa Monica, California 90403, Santa Monica, 90403 - 0 bed, 0 bath
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Santa Monica, California 90403
This multi-unit property presents a High-Potential Investment Opportunity with a List Price of $4,000,000—positioned well above the $3,081,088 Fair Market Value by 29%. While the pricing reflects a premium, the asset features a Condition Rating of 4, a completed Soft-Story Retrofit, and a rare unit mix of five 3-bedroom residences. Located near Franklin Elementary (9/10) and Montana Avenue, this building offers significant rental upside for Buy-and-Hold Investors or Owner-Occupants seeking a stable, high-demand Santa Monica location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 943 19th Subject | $4,000,000* List Price | 0 | 0 | 7,180 | $429 | - |
A 1041 9th Street Sold | $3,900,000 | 0 | 0 | 9,962 | $391 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property is functional and has undergone a soft-story retrofit, but interior finishes are dated. While it features some newer flooring and stainless appliances, the presence of popcorn ceilings, tile countertops, and wall heaters indicates the systems and aesthetics are over 20 years old and need modernization.
Elementary School: Franklin Elementary School (9/10).
Situated just off the prestigious Montana Avenue, the property boasts an exceptional walkability score to high-end boutiques, Trader Joe's, and top-rated schools, ensuring long-term desirability and high tenant demand.
The building features a rare and highly lucrative mix of five 3-bedroom units, which are in high demand for families and high-income renters, offering significantly more rental upside than standard studio or one-bedroom buildings.
Being located in Santa Monica, the property is subject to some of the most stringent rent control ordinances in the country, which may complicate the process of achieving the 'massive upside' in rents mentioned.
With only six parking spaces for six units—five of which are 3-bedroom residences—the 1:1 parking ratio is low for multi-car households, which may be a drawback for premium-paying tenants.
A marvelous investment opportunity located in the prime city of Santa Monica! Just off the Montana Ave and 19th St intersection, this two-story 7,180-sqft building has had Soft-Story Retrofit completed per LADBS requirements, five 3-bedroom and one 2-bedroom units for a total of six units, and comes with on-site covered parking enough for 6-cars with single garages at the rear of the building. Has a massive upside in rents, great for owner user or investors to add to their portfolio. Perfectly situated down the street from Trader Joe’s, Pavilions, and the Aero Theater, plus close to a variety of trendy shops, eclectic dining, entertainment, the bustling Santa Monica Boulevard, and just minutes away from the beautiful SoCal beaches!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 7,180 | 9,962 |
| Lot Size | 7,997 | 7,512 |
| Price | $4.00M | $3.90M |
| Price per sq ft | $557 | $391 |
| Built year | 1959 | 1970 |
| HOA | $0 | $0 |
| Days on market | 23 | 116 |
Jun 29, 2026
$4,000,000
Initial Listing