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.
For sale
$9,999,000
2032 Delaware Ave #F320A52C6, Santa Monica, CA 90404
40beds
32baths
24,494sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$408/sqft
$-- HOA
What's special
Wood-frame constructionMature landscapingTwo parking structuresOpen and spacious layoutLow site coverageOn-site laundry facilities
- 82 days
- on Zillow |
- 190 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: May 19, 2025 at 05:10pm
Listed by:
Tony Azzi DRE # 00910513 310-666-2828,
Tony Azzi 310-909-5454
Source: CLAW,MLS#: 25537621

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 40
- Bathrooms: 32
Kitchen
- Features: Ceramic Counters, Remodeled
Heating
- Other
Cooling
- Other
Appliances
- Included: Microwave, Refrigerator, Range/Oven
Features
- Flooring: Hardwood
- Has fireplace: Yes
- Fireplace features: Kitchen, Bath, Dining Room, Living Room
Interior area
- Total structure area: 24,494
- Total interior livable area: 24,494 sqft
Property
Parking
- Total spaces: 26
- Parking features: Assigned, Detached, Driveway, Covered, Private, Private Garage, Garage Is Detached, Garage - 1 Car, Garage, Parking Space, Concrete, Gravel
- Has garage: Yes
- Covered spaces: 26
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Fencing: Fenced
Lot
- Size: 1.1 Acres
- Features: City Lot
Details
- Additional structures: Other
- Zoning: SMR2*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1948
Community & HOA
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $408/sqft
- Tax assessed value: $4,710,205
- Date on market: 5/12/2025
- Total actual rent: 60063
- Road surface type: Alley Paved
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