2032 Delaware Ave new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90404
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,494 sqft
Price per Sqft $408
MLS Listing ID 25537621
Bedrooms 40
Year Built 1948
Lot Size 1.095 Acres
Acres 1.0954
Property Sub-Type Multi-Family
Property Description
2032-2106 Delaware Avenue is a two-story, wood-frame construction apartment building consisting of 30 total units, supported by two parking structures at the rear of the property. The unit mix includes 20 one-bedroom units, 2 two-bedroom townhome units, and 8 two-bedroom units, offering a balanced combination of layouts to attract a diverse tenant base. The property presents a compelling value-add opportunity, with approximately 38% rental upside. Set on a large 1.09-acre lot with low site coverage, the site provides ample space for the addition of 2 to 4 accessory dwelling units (ADUs), allowing for future income growth. Residents enjoy the convenience of 26 private one-car garages, full kitchens in each unit, and on-site laundry facilities. Mature landscaping, combined with an open and spacious layout, creates a serene, garden-style community atmosphere that is highly desirable to tenants. Located in the heart of Santa Monica's thriving Pico neighborhood, the property offers easy access to the I-10 and 405 freeways, major employment hubs, public transportation, and Santa Monica's renowned beaches, retail, and dining amenities.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR2*
Rooms
Other Rooms Other
Kitchen Ceramic Counters, Remodeled
Interior
Heating Other
Cooling Other
Flooring Hardwood
Fireplaces Type Kitchen, Bath, Dining, Living Room, Primary Bedroom
Equipment Microwave, Refrigerator, Range/Oven
Exterior
Parking Features Assigned, Detached, Driveway, Covered Parking, Private, Private Garage, Garage Is Detached, Garage - 1 Car, Garage, Parking Space, Driveway - Concrete, Driveway - Gravel
Garage Spaces 26.0
Pool None
Building
Lot Description Alley Paved, Fenced
Story 2
Level or Stories Two
Others
Special Listing Condition Standard