Exceptional opportunity to acquire this classically traditional 6 unit apartment building. Located in one of the most coveted areas of Santa Monica, this trophy offering consists of 2 structures commanding an impressive corner lot. Perched on a gentle slope well above the palm lined street affords all units an abundance of natural light as well as impressive views and ocean breezes! Unit mix consisting of (4) 2 bed+1 bath, and (2) 2 bed + 2 bath units. All units have tremendous upside potential with character details such as hardwood flooring and dental moldings, 2 units with spacious patios. Excellent parking includes (4) 1-car garages, (1) 2-car garage, and (1) carport space. This rare multi-family property enjoys a premium setting, nestled conveniently between the 2 iconic corridors of Montana Ave and Wilshire Blvd with easy access to the waterfront bluffs and pier, the promenade and all things Santa Monica, including storied tech and industry stalwarts. Massive upside potential here with huge room for income growth and steady CAP rate increases. This is a gem and a true legacy addition to any portfolio. Inside with an accepted offer and please DO NOT DISTURB TENANTS.
Off market
$3,733,500
1603 Idaho Ave, Santa Monica, CA 90403
12beds
8baths
6,310sqft
MultiFamily
Built in 1938
-- sqft lot
$3,733,500 Zestimate®
$592/sqft
$4,007 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Wall, Gas
Cooling
- None
Appliances
- Laundry: Community, Room, Outside
Interior area
- Total interior livable area: 6,310 sqft
Property
Parking
- Total spaces: 7
Features
- Levels: Two
- Has view: Yes
- View description: City
Lot
- Size: 7,487 sqft
Details
- Parcel number: 4281001013
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1938
Community & neighborhood
Location
- Region: Santa Monica
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- Style: Traditional
- ParkingGarage: Garage - 1 Car, Garage - 2 Car
- SourceLotSizeArea: Vendor Enhanced
- ViewDescription: City, Green Belt, City Lights, Coastline
- Heating: Wall Gas
- SourceLivingArea: Owner
- ListingArea: Santa Monica
- Laundry: Community, Room, Outside
- Levels: Two
- Country: US
- ListingStatus: Pending
- DirectionFaces: South
- UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111
Services availability
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Estimated market value
$3,733,500