1222 23rd, Santa Monica, CA 90404
- $1,605,000
- Sold Price
- $1,605,000
- List Price
- $1,599,900
- Closing Date
- Jun 16, 2026
- Status
- CLOSED
- MLS#
- OC26087015
- Year Built
- 1947
- Lot Size
- 5,294
- Acres
- 0.12
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 19
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property 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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $93,852
- Operating Expense
- 27307
Listing courtesy of Listing Agent: Fred Sedighravesh (Fred@FredSedGroup.com) from Listing Office: Keller Williams Realty Irvine.
Listing sold by Fred Sedighravesh from Keller Williams Realty Irvine
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.