1 Unit Delivered Vacant – Walk to Beach – Santa Monica Investment Property

2423 4th St, Santa Monica, CA 90405
8 Units

Santa Monica Investment Property – Walk to Beach, Main Street and Transit

Price    $4,450,000
Cap Rate         3.11%
No. Units         8
Gross Rent Multiplier 18.35
Building Size   8,758 SF
Price/Unit       $556,250
No. Stories      2
Year Built        1965
Lot Size           6,390 SF

2423 4th Street Marketing Package


  • First time this Santa Monica Investment Property has been on market in 40 years!
  • Exceptional unit mix of (1) 2+2.5 Townhouse, (2) 2+1.5, (1) 1+1.5 Townhouse, (4) 1+1
  • Approximately 35% upside in rents
  • Front townhouse unit has ocean views, perfect for owner user
  • (8) side by side parking spaces with room for tandem parking
  • 1 bedroom 1½ bath townhome unit delivered vacant
  • Walking distance to the beach, Main Street and Sunday Farmers Market
  • Short bike ride or Uber to 3rd Street Promenade, Venice, SM College, & Expo Line
  • New copper plumbing and roof
  • Laundry room on-site (2 units have in-unit laundry)
  • Bright and tranquil community patio


First time on the market in 40 years! This well located, 8 unit pride of ownership Santa Monica Investment Property asset features a fantastic unit mix : (1) two bedroom / two and a half bathroom townhome with ocean views, (2) two bedroom / one and a half bathroom flats, (1) one bedroom / 1.5 bathroom townhome unit (currently vacant), and (4) one bedroom / one bath apartments. For anyone seeking property value appreciation and long-term security, this location is A+. South Santa Monica / Ocean Park features a beachy, easy going vibe, slightly different than the more touristy, north Santa Monica, though still capable of obtaining top of the market rents. From this SM Jewel, tenants can walk to the park, schools, beach, Main Street and more! Take a quick bike ride to Rose Avenue or the Beach Bike path that will take you north to the Palisades or south to Playa Del Rey. There is an ultra-convenient bus line just steps away that will shuttle you down to Venice, Abbot Kinney or north to the Expo Line station or all the way to UCLA. With close proximity to the tech scene of Silicon beach, expect long term appreciation on this well insulated and well priced asset.

Eric von Bluecher


424.284.4447 office

310.900.9505 mobile

310.551.0661 fax


449 South Beverly Drive, 1st Floor

Beverly Hills, CA 90212




BRE# 01926201



1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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