2032 Delaware Avenue, Santa Monica, CA 90404 (MLS # 25537621)

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PRICE $9,999,000 dsIDX morgage calculator
BEDS 40
BATHS 32
HOME SIZE 24,494 sqft
LOT SIZE 1.10 ac
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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.

DAYS ON MARKET 27 LAST UPDATED 5/12/2025
YEAR BUILT 1948 COMMUNITY Santa Monica
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Microwave, Refrigerator
AREA Santa Monica
FIREPLACE Yes
GARAGE Assigned, Concrete, Covered, Door-Single, Driveway, Garage, Gravel, One Space, Private, Yes
LOT 1.09 acre(s)
PARKING Assigned,Concrete,Covered,Door-Single,Driveway,Garage,Gravel,Private,One Space
POOL DESCRIPTION None
STORIES 2
ZONING SMR2*
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Tony Azzi

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