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2032 Delaware Ave

Santa Monica CA 90404

40
32
1
24494 sq. ft.
47698 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

40 bedrooms
32 bathrooms
1 carspace
1 garage space
24494 sq. ft. floor area
47698 sq. ft. lot size
Multi-Family

Property history for 2032 Delaware Ave

2011
Sold
$1,457,320
05 Jan 2011

Happy sellers in Santa Monica

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Local market activity for 40 bedroom multi families in Santa Monica

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Sales:
(619) 566-0008
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