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$ 9,999,000
Est. payment | /mo
24,494 SqFt
$ 9,999,000
Est. payment | /mo
24,494 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 24,494 sqft
Price per Sqft $408
MLS Listing ID CL25537621
HOA Y/N No
Year Built 1948
Lot Size 1.095 Acres
Acres 1.1
Property Sub-Type Other
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
Zoning SMR2
Interior
Flooring Wood
Fireplace No
Building
New Construction No
Others
Tax ID 4274021016
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Listed by Tony Azzi • Tony Azzi
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447