1222 23rd Santa Monica, CA 90404
UPDATED:
Key Details
Sold Price $1,605,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC26087015
Sold Date 06/16/26
HOA Y/N No
Year Built 1947
Lot Size 5,292 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing a truly rare offering in Santa Monica: a single-story, 4-unit bungalow-style property available for the first time in four decades. This charming property represents a unique opportunity for investors or owner-users seeking stable income and long-term appreciation in one of the Westside's most sought-after coastal markets.
Each unit offers enhanced privacy and strong tenant appeal compared to traditional multifamily buildings. The single-story design further contributes to ease of management and broad rental demand.
Ideally situated within walking distance to Trader Joe's and Whole Foods Market (both ~300 feet away), and Saint John's Health Center (0.2 miles), the property benefits from exceptional day-to-day convenience and proximity to a major employment hub. The surrounding neighborhood is characterized by tree-lined streets, strong walkability, and easy access to Santa Monica's retail corridors, beaches, and transit options.
The property also features a detached 4-car garage, currently leased as storage, providing immediate supplemental income.
Recent capital improvements include a brand-new roof installed in 2024, minimizing near-term maintenance expenses and enhancing asset stability.
With Santa Monica's historically low vacancy rates, high barriers to entry, and enduring tenant demand, this generational asset offers a compelling blend of current income, location-driven appreciation, and long-term investment stability.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Laundry None
Exterior
Parking Features Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4276016006
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
Lease Land No
Bought with Fred Sedighravesh Keller Williams Realty Irvine
NEARBY SCHOOL & BUSINESS
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