1937 17th Street, Santa Monica, CA 90404
Local realty services provided by:CENTURY 21 Synergia Realty
1937 17th Street,Santa Monica, CA 90404
$2,250,000
- 13 Beds
- 7 Baths
- 4,840 sq. ft.
- Multi-family
- Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26862705
Source:CRMLS
Price summary
- Price:$2,250,000
- Price per sq. ft.:$464.88
About this home
The subject property is a six-unit residential income asset located at 1937 17th Street in central Santa Monica. Built in 1948 and zoned SMR2, the asset consists of (1) 3-Bedroom / 1.5-Bath unit and (5) 2-Bedroom / 1-Bath units, including a detached 2 Bedroom / 1-Bath home located towards the rear of the property, totaling 4,840 rentable square feet on a 7,746 SF lot. The property will be delivered with three vacant units at the close of escrow. Currently two units are vacant with a third unit becoming vacant at the end of August. Recent upgrades include a new roof and updated electrical systems. Tenant parking is on-site with 8 uncovered individual spaces and a 2 car garage located at the front of the property. The property delivers strong in-place cash flow at a 5.00% cap rate, with meaningful embedded upside as rents are brought to market. Potential ADU can be built as a garage conversion, buyer to verify. Positioned in Prime Santa Monica, the property sits within one block of Santa Monica College, and a short commute to Whole Foods, the Pico corridor retail, and the Bergamot Expo Line station, giving tenants a direct rail link to Downtown Santa Monica, Century City, and Downtown Los Angeles. The Santa Monica beach and pier are minutes to the west. Santa Monica remains a supply-constrained, high-demand rental market with deep renter demand from the Silicon Beach tech corridor and the long-term durability that defines Westside multifamily....
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Home facts
- Year built:1948
- Listing ID #:26862705
- Added:49 day(s) ago
- Updated:September 11, 2026 at 10:59 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:7
- Kitchen Description:Dishwasher, Disposal, Gas Oven, Range, Range Hood, Refrigerator
- Living area:4,840 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Composition, Shingle
- Year built:1948
- Building area:4,840 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Rectangular Lot
- Architectural Style:Mid Century Modern
Finances and disclosures
- Price:$2,250,000
- Price per sq. ft.:$464.88
Features and amenities
- Appliances:Dishwasher, Disposal
- Amenities:Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:10
- Parking description:Assigned, Door-Multi, Driveway, Garage, Uncovered
- Garage:Yes
- Garage spaces:2
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