1223 23rd St, SANTA MONICA, CA

$2,995,000

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9

Beds

8

Baths

5,304

Square feet

0.12

Acres

About 1223 23rd St

Don't miss this rare opportunity to own a one of a kind fourplex in a highly sought after Santa Monica neighborhood! This property boasts a front unit ideal for an owner-user, designed as a spacious 2-level townhouse with all the comforts of a home. The 3 bedroom & 2 bath unit features a large primary bedroom with sitting area and convenient ensuite bath on the first floor with the other two large bedrooms and one bath on the second floor all with ample closet space. A dedicated washer and dryer room with back door as well as a 1-car garage provides secure parking and storage space. The remaining 3 units each offer 2 bedrooms and 1.5 bathrooms with balcony. All 4 units have beautifully renovated open kitchens, stainless steel appliances, tile, wood flooring and overall fantastic layouts providing comfortable living spaces.. The property offers private gated entrances with keyless entry as well as a digital door lock for each unit. A shared laundry room on site adds convenience for all residents. The building underwent a seismic soft story retrofit in 2020. This property's ideal proximity to the area's finest amenities, from trendy shops and restaurants to parks and just a short distance to Whole Foods and Trader Joe's makes this the ideal lucrative investment and a place to call home.

Features of 1223 23rd St

MLS® # 24-370605
Price $2,995,000
Units 4
Bedrooms 9
Bathrooms 8.00
Square Footage 5,304
Acres 0.12
Year Built 1961
Type Residential Income
Sub-Type Fourplex
Status Active

Community Information

Address 1223 23rd St
Area Santa Monica
City SANTA MONICA
County Los Angeles
State CA
Zip Code 90404

Amenities

Parking Spaces 5
Garages Driveway, Carport Attached, Garage - 1 Car
Is Waterfront No
Has Pool No

Interior

Heating Wall
Cooling Wall/Window
Fireplace No
# of Stories 2
Has Basement No

Additional Information

Date Listed March 21st, 2024
Days on Market 60
Zoning SMR2*
Foreclosure No
RE / Bank Owned No
Cap Rate 4.15
Gross Operating Income $75,706
Net Operating Income $124,388

Unit 1 Details

Beds 3
Baths 2.00
Rent $4,400

Unit 2 Details

Beds 2
Baths 1.50
Rent $3,795

Unit 3 Details

Beds 2
Baths 1.50
Rent $3,400

Unit 4 Details

Beds 2
Baths 1.50
Rent $3,500

Listing Details

AgentBenjamin J. Hsiang (01438644)
OfficeRealty Investment Advisors, Inc.

Listing Map

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