CA > Santa Monica
Santa Monica, CA 90403,210 California AVE
Santa Monica, CA 90403,210 California AVE
Santa Monica, CA 90403,210 California AVE
Santa Monica, CA 90403,210 California AVE
Santa Monica, CA 90403,210 California AVE
Santa Monica, CA 90403,210 California AVE
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Gatehouse Properties

Gatehouse Properties

+1(714) 743-9882
$ 5,650,000
Est. payment | /mo

16 Beds

17 Baths

9,346 SqFt

Save
$ 5,650,000
Est. payment | /mo
Save

16 Beds

17 Baths

9,346 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,346 sqft

Price per Sqft $604

MLS Listing ID 25628195

Bedrooms 16

HOA Y/N No

Year Built 1962

Property Description

210 California Ave presents a fully vacant coastal multifamily opportunity located in Santa Monica's premier 90403 neighborhood, one of Los Angeles' most supply-constrained and highest-demand rental markets. Withdrawn under the Ellis Act in 2019, the property has completed all required timelines and is now eligible to be reintroduced at full market rents. Built in 1962, this 9,346 SF, 11-unit building sits on a 7,498 SF corner lot just one block from Ocean Avenue, with partial ocean views on select units. 210 California offers investors a rare blank-canvas value-add or redevelopment play in a trophy coastal location. The existing unit mix six 2BD/2BA units, four 1BD/1BA units, and one studio, supports multiple repositioning strategies, from premium interior renovations to a full reconfiguration or entitlement-driven redevelopment (buyer to verify). With all units delivered vacant, investors can immediately begin rehabilitation and execute a streamlined lease-up at prevailing Santa Monica rents, supported by strong tenant demand, high household incomes, and strict long-term supply constraints. Situated steps from the beach, Palisades Park, Montana Avenue, and the 3rd Street Promenade, the asset benefits from exceptional walkability, affluent demographics, and resilient rental fundamentals. This is a highly executable coastal value-add opportunity with significant NOI growth potential and durable long-term equity.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR3*

Interior

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4292021020

Special Listing Condition Standard

CRMLS – RECore
Listed by Tony Azzi Tony Azzi
Gatehouse Properties

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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210 California AVE

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