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607 Ashland 2 Unit Apartment Building Offered at $2,145,000 at a 3.18% Cap Rate Santa Monica, CA 90405

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INVESTMENT HIGHLIGHTS

  • Duplex + Office/Studio
  • ADU Potential with Studio/Office
  • Blocks away from the Beach

EXECUTIVE SUMMARY

(LAST SALE PRICE NOT ACCURATE) Duplex + Office/Studio - Charming Craftsman-style duplex at 607 Ashland Ave, perched above a quiet, tree-lined street in Santa Monica’s highly desirable Ocean Park neighborhood, just four blocks to Main Street and six blocks to the beach. Both units feature private, separate entrances and are filled with natural light, offering hardwood floors, recessed lighting, skylights, and a newly constructed dog run along the side of the home. The 1-bedroom, 1-bath front unit includes an open kitchen, Dutch door, and a classic Craftsman front deck with built-in bench seating, ideal for al fresco dining. The 2-bedroom, 1-bath rear unit boasts a spacious open kitchen, vaulted ceilings, private front and rear gated entrances, and an expansive exclusive-use fenced courtyard designed for indoor-outdoor entertaining. A detached studio with high vaulted ceilings and an oversized skylight provides flexible use as a home office, fitness or yoga studio, or bonus space. This unique property offers exceptional flexibility and value, ideal for an owner-user, an income-producing duplex at strong current market rents, or potential reconfiguration into a single-family residence. Studio not included in total square footage.

ATTACHMENTS

607 Ashland Ave

PROPERTY FACTS

Price $2,145,000
Price Per Unit $1,072,500
Sale Type Investment
Cap Rate 3.18%
Gross Rent Multiplier 19.93
No. Units 2
Property Type Multifamily
Apartment Style Garden
Lot Size 0.10 AC
Building Size 1,670 SF
No. Stories 1
Year Built 1922
Zoning SMOP2*

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Tub/Shower
  • Yard
  • Dining Room
  • Patio

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 - 742
2+1 1 - 928
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39112787

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 607 Ashland, Santa Monica, CA 90405

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