1246 Chelsea Ave, Santa Monica, CA 90404

4-Plex in Prime Santa Monica w/ Renovated 3-Bed Front House

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$2,500,000

Property Highlights

Four units built in 1926
Renovated front house with 3-bed / 2-bath, perfect for owner-user
Triplex in back with two 1-bed / 1-bath upstairs and small studio unit on lower level next to garages
Three one-car garages in back along alley; one garage to be available at close for front house or vacant studio
Charming, private backyard between the main house and back triplex structure
Units have hardwood floors throughout
Ideal owner occupier opportunity
Prime Santa Monica location steps from St. John’s Medical Center, shopping, and more

The Opportunity

The Glaser Group is pleased to present 1246 Chelsea Ave, an ideal owner-user 4-plex opportunity located in prime Santa Monica. The charming property is comprised of a large 3-bed / 2-bath front house with a gated driveway with two-tandem parking spaces and private backyard, plus a triplex in the back offering additional rental income.

The front house was fully renovated approximately 5 years ago, and includes stainless steel appliances, new kitchen countertops, updated marble & tile accents in the bathrooms, plus a large back deck. The triplex structure has (2) 1-bed / 1-bath units upstairs, plus (1) studio unit on the ground floor alongside three one-car garages. The studio unit is approximately 300 square feet and will be delivered VACANT at close of escrow.

1246 Chelsea Ave is a truly perfect “house hacking” opportunity for owner-users, but it also provides strong in-place income for potential investors with all of the tenants moving in within the past ~4.5 years.

Located in a prime Santa Monica neighborhood North of Santa Monica Blvd, 1246 Chelsea is close by to St Johns Medical Center, Brentwood Country Club, Douglas Park, Trader Joe’s, Whole Foods and plenty of public & private school options.