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2440 Chelsea Pl - House+3 Units in Prime Santa Monica 4 Unit Apartment Building Offered at $2,100,000 Santa Monica, CA 90404
Investment Highlights
- OPEN HOUSE: Tuesday, June 2nd | 11am – 2pm
- Owner-User Opportunity: Charming well-maintained single-family home with triplex on quiet cul-de-sac
- Attractively Priced at $2.1 Million
- Prime Santa Monica Location: Minutes to Downtown Santa Monica; 94 Walk Score
- Turnkey: House and two out of three apartments fully renovated
- Excellent Proximity to Employment; Coveted School District; Convenient Access to Transportation
Executive Summary
OPEN HOUSE: Tuesday, June 2nd | 11am – 2pm
PROPERTY WEBSITE with OM: https://properties.berkadia.com/the-chelsea-492183/
Berkadia is excited to exclusively offer for sale, The Chelsea at 2440 Chelsea Place, a single-family home with triplex in a prime Santa Monica location. The turnkey property would be great for an owner-user and features a renovated house and 2 out of 3 apartments fully renovated. Units are bright and airy with renovations including modern, sleek cabinetry, quartz countertops, stainless-steel appliances and wood-style laminate flooring. Both the house and one unit include in-unit washer/dryer. This investment opportunity offers approximately $324/unit/month in rental upside potential.
The location is considered a “Walker’s Paradise” with a 94 Walk Score. Residents can walk to CVS, Starbucks, Jamba Juice, Providence Saint John’s Health Center, Trader Joe’s, and a Variety of Restaurants. The property is minutes to Downtown Santa Monica, the 26th Street/Bergamot Metro Expo Station, and is one block to highly ranked McKinley Elementary School. Tremendous Area Demographics: Average Household Income Over $210K and Average Housing Value Over $2.13M within a three-mile radius.
PROPERTY WEBSITE with OM: https://properties.berkadia.com/the-chelsea-492183/
Berkadia is excited to exclusively offer for sale, The Chelsea at 2440 Chelsea Place, a single-family home with triplex in a prime Santa Monica location. The turnkey property would be great for an owner-user and features a renovated house and 2 out of 3 apartments fully renovated. Units are bright and airy with renovations including modern, sleek cabinetry, quartz countertops, stainless-steel appliances and wood-style laminate flooring. Both the house and one unit include in-unit washer/dryer. This investment opportunity offers approximately $324/unit/month in rental upside potential.
The location is considered a “Walker’s Paradise” with a 94 Walk Score. Residents can walk to CVS, Starbucks, Jamba Juice, Providence Saint John’s Health Center, Trader Joe’s, and a Variety of Restaurants. The property is minutes to Downtown Santa Monica, the 26th Street/Bergamot Metro Expo Station, and is one block to highly ranked McKinley Elementary School. Tremendous Area Demographics: Average Household Income Over $210K and Average Housing Value Over $2.13M within a three-mile radius.
Property Facts
| Price | $2,100,000 | Building Size | 2,396 SF |
| Price Per Unit | $525,000 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1913 |
| No. Units | 4 | Parking Ratio | 1.67/1,000 SF |
| Property Type | Multifamily |
| Price | $2,100,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,396 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Parking Ratio | 1.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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2440 Chelsea Pl - House+3 Units in Prime Santa Monica
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