Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
Santa Monica, CA 90404,2032 Delaware Ave
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$ 9,999,000
Est. payment | /mo

40 Beds

32 Baths

24,494 SqFt


Save
$ 9,999,000
Est. payment | /mo
Save

40 Beds

32 Baths

24,494 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,494 sqft

Price per Sqft $408

MLS Listing ID 25537621

Bedrooms 40

Year Built 1948

Lot Size 1.095 Acres

Acres 1.0954

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms Other

Kitchen Ceramic Counters, Remodeled

Interior

Heating Other

Cooling Other

Flooring Hardwood

Fireplaces Type Kitchen, Bath, Dining, Living Room, Primary Bedroom

Equipment Microwave, Refrigerator, Range/Oven

Exterior

Parking Features Assigned, Detached, Driveway, Covered Parking, Private, Private Garage, Garage Is Detached, Garage - 1 Car, Garage, Parking Space, Driveway - Concrete, Driveway - Gravel

Garage Spaces 26.0

Pool None

Building

Lot Description Alley Paved, Fenced

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Tony Azzi
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 902-2909

derek.reilly@redfin.com

4215 Highland Ave, Manhattan Beach, California, 90266, USA

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2032 Delaware Ave