1943 19th St 3 Unit Apartment Building $1,795,000 ($598,333/Unit) 5.01% Cap Rate Santa Monica, CA 90404

The Appel Group of Marcus & Millichap is pleased to present the exclusive listing of 1943 19th Street, a well-maintained triplex located in the heart of Santa Monica’s dynamic Pico
neighborhood. Built in 1999, this contemporary property consists of three spacious units totaling approximately 3,011 square feet, situated on a generous 8,009-squarefoot R2-zoned lot. The offering presents a rare opportunity to acquire a newer construction asset in a supply-constrained, coastal submarket with long-term upside
through renovation or repositioning. Each of the three units is thoughtfully laid out, combining functionality and comfort with features including in-unit laundry, gated access, and dedicated parking. The property boasts a total of seven bedrooms and four bathrooms, providing a strong and flexible unit mix that appeals to families, students, and professionals alike. With Santa Monica College blocks away and the beach within a two-mile radius, 1943 19th Street offers a highly walkable and transit-accessible location in one of West LA’s most desirable rental corridors. Nearby amenities include the Sunset Park retail strip, Whole Foods, Virginia Avenue Park, and a host of boutique cafes and fitness studios that contribute to the area’s strong tenant demand. The Pico neighborhood is characterized by its mix of single-family homes and small multifamily properties, offering a true residential feel while still providing proximity to major employment hubs in Santa Monica, Culver City, and the Westside. The neighborhood’s appeal continues to grow with local infrastructure improvements, including bike lanes and public transit enhancements, supporting both quality of life and sustained rental demand. This property has been held by the same ownership for nearly a decade and has historically performed with stable income. As Santa Monica maintains strict development and rent control policies, properties such as 1943 19th Street—with modern construction and low deferred maintenance—are uniquely positioned to benefit from long-term appreciation and rent growth over time. Whether acquired as a long-term hold or partially owner-occupied investment, 1943 19th Street represents an exceptional opportunity to own a pride-of-ownership triplex in one of Santa Monica’s most enduring and sought-after neighborhoods.