Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
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$9,999,000
Est. payment /mo
40 Beds
32 Baths
24,494 SqFt
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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


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TheMLS (CLAW)
Listed by Tony Azzi

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agent

John Matukas

+1(323) 377-4961

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