The subject property is a five-unit residential income asset located at 2218 24th Street in the Sunset Park neighborhood of Santa Monica. Built in 1947 and zoned SMR1, the asset consists of a (1) 2-Bedroom / 1.5-Bath + Office front house, (3) 1-Bedroom / 1-Bath units, and (1) Bachelor / 1-Bath unit, totaling 3,412 rentable square feet on a 7,514 SF lot. The property is 100% occupied with substantial in-place rental upside.
Positioned within one of the Westside’s most walkable submarkets, the property sits just blocks from Whole Foods Market, Trader Joe’s, and the Bergamot Expo Line station, giving tenants a direct rail link to Downtown Santa Monica, Century City, and Downtown Los Angeles. The Santa Monica beach and pier are minutes to the west, while the Bergamot Arts Center and Santa Monica College anchor the immediate neighborhood. Sunset Park itself is a quiet residential pocket with limited new supply, deep renter demand from the Silicon Beach tech corridor, and the long-term durability that defines Santa Monica multifamily.
