PRICE REDUCED $500K, BRING ALL OFFERS.... 1246 Chelsea Ave is an ideal owner-user 4-plex opportunity located in prime Santa Monica. The charming property is comprised of a large 3-bed / 2-bath front house with a gated driveway with two-tandem parking spaces and private backyard, plus a triplex in the back offering additional rental income. The front house was fully renovated approximately 5 years ago, and includes stainless steel appliances, new kitchen countertops, updated marble & tile accents in the bathrooms, plus a large back deck. The triplex structure has (2) 1-bed / 1-bath units upstairs, plus (1) studio unit on the ground floor alongside three one-car garages. The studio unit is approximately 300 square feet and will be delivered VACANT at close of escrow. 1246 Chelsea Ave is a truly perfect "house hacking" opportunity for owner-users, but it also provides strong in-place income for potential investors with all of the tenants moving in within the past ~4.5 years. Located in a prime Santa Monica neighborhood North of Santa Monica Blvd, 1246 Chelsea is close by to St Johns Medical Center, Brentwood Country Club, Douglas Park, Trader Joe's, Whole Foods and plenty of public & private school options.
Sold for $1,800,000 on 05/22/25
$1,800,000
1246 Chelsea Ave, Santa Monica, CA 90404
5beds
5baths
2,566sqft
Multi Family
Built in 1926
-- sqft lot
$1,782,700 Zestimate®
$701/sqft
$5,584 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 02:21am
Listed by:
Jake Glaser DRE # 02128816 310-494-6368,
Lyon Stahl Investment Real Estate, Inc. 310-425-9838,
Spencer Chan DRE # 02197531 310-259-2181,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Jake Glaser, DRE # 02128816
Lyon Stahl Investment Real Estate, Inc.
Dittany Zhang Seltzer, DRE # 01960099
Sunoom Realty
Source: CLAW,MLS#: 25514049

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Wall, Central
Cooling
- Central Air
Interior area
- Total structure area: 2,566
- Total interior livable area: 2,566 sqft
Property
Parking
- Total spaces: 5
- Parking features: Converted Garage, Driveway
- Garage spaces: 3
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 1
Lot
- Size: 5,327 sqft
Details
- Additional structures: None
- Parcel number: 4276017053
- Zoning: SMR2*
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1926
Community & neighborhood
Security
- Security features: Gated
Location
- Region: Santa Monica
Services availability
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Estimated market value
$1,782,700