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Ronnie Leon

ronnieleon@kw.com +1(813) 802-7777

$ 2,250,000

Est. payment | -/mo

13 Beds

7 Baths

4,840 SqFt

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$ 2,250,000

Est. payment | -/mo

Save

13 Beds

7 Baths

4,840 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,840 sqft

Price per Sqft $464

MLS Listing ID 26862705

Style Mid-Century

Bedrooms 13

Construction Status Updated/Remodeled

Year Built 1948

Lot Size 7,748 Sqft

Acres 0.1779

Property Sub-Type Multi-Family

Property Description

The subject property is a six-unit residential income asset located at 1937 17th Street in central Santa Monica. Built in 1948 and zoned SMR2, the asset consists of (1) 3-Bedroom / 1.5-Bath unit and (5) 2-Bedroom / 1-Bath units, including a detached 2 Bedroom / 1-Bath home located towards the rear of the property, totaling 4,840 rentable square feet on a 7,746 SF lot. The property will be delivered with three vacant units at the close of escrow. Currently two units are vacant with a third unit becoming vacant at the end of August. Recent upgrades include a new roof and updated electrical systems. Tenant parking is on-site with 8 uncovered individual spaces and a 2 car garage located at the front of the property. The property delivers strong in-place cash flow at a 5.00% cap rate, with meaningful embedded upside as rents are brought to market. Potential ADU can be built as a garage conversion, buyer to verify. Positioned in Prime Santa Monica, the property sits within one block of Santa Monica College, and a short commute to Whole Foods, the Pico corridor retail, 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. Santa Monica remains a supply-constrained, high-demand rental market with deep renter demand from the Silicon Beach tech corridor and the long-term durability that defines Westside multifamily.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven, Garbage Disposal, Dishwasher

Laundry None

Exterior

Parking Features Garage - 2 Car, Driveway, Assigned, Uncovered

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition, Shingle

Building

Lot Description Single Lot, Lot-Level/Flat, Lot Shape-Rectangular

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Hard Coat

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

1937 17th St Santa Monica, CA 90404

Ronnie Leon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1937 17th St