Residential Income In Santa Monica

OPPORTUNITY KNOCKS!!! Turn-Key investment opportunity!!! A rare gem in one of Southern California’s most sought-after coastal communities, this beautifully maintained and extensively upgraded triplex presents an exceptional investment and owner-user opportunity just minutes from the beach. Ideally situated near Santa Monica College and approximately two miles from Santa Monica Pier, Palisades Park, Third Street Promenade, Venice Beach, and Santa Monica Place, this unique property features a charming front duplex built in 1936 (Units A & B) and a spacious detached rear owner’s residence added in 1956 (Unit C), all situated on an expansive 7,187 SqFt lot. Each unit has been thoughtfully maintained and upgraded with hardwood flooring, copper plumbing, underground utilities, individual washers and dryers, separate front and side entrances, and key-lock security gates. A large shared patio between Units B and C provides an inviting outdoor space perfect for entertaining or relaxing. Unit A offers a one-bedroom, one-bath layout with dining area, laundry room, vinyl windows, gas range, parking for two vehicles, and a private enclosed garage/storage space. Unit B features two bedrooms, one bathroom, dining area, laundry room, gas range, vinyl windows, driveway parking for up to three vehicles, and an enclosed garage/storage. Unit C boasts a spacious living room, large bedroom, full bathroom, mud room with garage access, an updated kitchen, new washer and dryer, dishwasher, alley-access parking for three vehicles, and an enclosed garage equipped with an electric door and EV charger. Recent major capital improvements include a new roof with gutters and downspouts, new garage doors, new HVAC systems with heating and cooling in all units, all new tankless water heaters, upgraded electrical panel with sub-panel, new gas safety shut-off valves, sewer line, remodeled bathrooms in Units A and B, a complete remodel of Unit C including flooring, doors, windows, kitchen cabinetry and appliances, bathroom, laundry room, and garage upgrades. A truly one-of-a-kind coastal income property offering pride of ownership, strong rental appeal, and an unbeatable location.