1222 23rd, Santa Monica, CA 90404

Description

FIRST TIME ON MARKET IN 40 YEARS! Introducing a truly rare offering in Santa Monica: a single-story, 4-unit bungalow-style property available for the first time in four decades. This charming property represents a unique opportunity for investors or owner-users seeking stable income and long-term appreciation in one of the Westside’s most sought-after coastal markets. Each unit offers enhanced privacy and strong tenant appeal compared to traditional multifamily buildings. The single-story design further contributes to ease of management and broad rental demand. Ideally situated within walking distance to Trader Joe's and Whole Foods Market (both ~300 feet away), and Saint John's Health Center (0.2 miles), the property benefits from exceptional day-to-day convenience and proximity to a major employment hub. The surrounding neighborhood is characterized by tree-lined streets, strong walkability, and easy access to Santa Monica’s retail corridors, beaches, and transit options. The property also features a detached 4-car garage, currently leased as storage, providing immediate supplemental income. Recent capital improvements include a brand-new roof installed in 2024, minimizing near-term maintenance expenses and enhancing asset stability. With Santa Monica’s historically low vacancy rates, high barriers to entry, and enduring tenant demand, this generational asset offers a compelling blend of current income, location-driven appreciation, and long-term investment stability.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$1,605,000

Sold June 2026 · listed $1,599,900, on market April 2026, 19 days on market · MLS #OC26087015 · Source: CRMLS

Listing Agent: Fred Sedighravesh · Listing Office: Keller Williams Realty Irvine · Contact: 949-274-3733 · Bought with: Fred Sedighravesh · Keller Williams Realty Irvine

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