231 California Avenue

Santa Monica CA 90403

4426 sq. ft.

5016 sq. ft.

Other

Last sold for $2,050,000

John Swartz, last sold this property on 08 October 2025 after 118 days on market.

Overview

231 California Avenue, a rare five-unit multifamily investment located in the prestigious North of Wilshire enclave of Santa Monica-just three blocks from the beach and moments from the vibrant retail and dining along Montana Avenue. Built in 1953, this two-story property spans approximately 4,426 square feet on a 5,016 square-foot lot zoned SMR3*, offering investors a compelling blend of prime location, strong in-place fundamentals, and substantial long-term upside. The building features an attractive unit mix of spacious one- and two-bedroom layouts, including two 1-bed/1 bath units, two 2-bed/1-bath units and one 2-bed/1.5- bath unit which boasts a private outdoor patio. The property includes four on-site parking spaces (two garaged and two tandem), with additional permitted street parking available for residents. Each unit is separately metered for gas and electricity, includes its own water heater, and is supported by a security system. Operating expenses are minimal, limited primarily to water, common area electricity, and trash. Boasting a Walk Score of 89, the location offers residents unparalleled access to Santa Monica's top lifestyle destinations, including the beach, Palisades Park, Third Street Promenade, and the iconic Pier. Easy access to major transit corridors like the 10 Freeway, 405, PCH, and Expo Line ensures convenient connectivity to Downtown LA, Silicon Beach, and LAX. This is a premier opportunity to acquire a turn-key asset in one of Southern California's most supply-constrained and highly desirable coastal submarkets. 1 Unit (2+1) to be delivered vacant

Features

8 bedrooms

5 bathrooms

4 carspaces

2 open car spaces

2 garage spaces

4426 sq. ft. floor area

5016 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in Santa Monica over the last 12 months.

Property history for 231 California Avenue

2025

Sold

$2,050,000

08 Oct 2025 by John Swartz, of Compass

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