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Eight-Unit Apartment Building
For Sale
Contact for pricing
Pending

1024 Pico Boulevard, Santa Monica, CA 90405

Eight 1-bedroom units in a separately metered multifamily building with uncovered parking and common laundry.

Property SizeContact for details
Days on Market201

Property Features for 1024 Pico Boulevard

General Information

Standard status Pending
Total Parking Spaces 9
Property subtype Multifamily
Zoning Assessor

Additional Details

Multifamily Units 8

Amenities

common area laundry room
storage room

Building Details

Buildings 1
Units 8
Tenancy Multi
Listing Agency: ADW Management USA, Inc.
Listed By: Mariko Artis · License #02062257
Source: Crexi
Added: Feb 16 Changed: Aug 25 Last Checked: Sep 4 at 7:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADW Management USA, Inc.

Investment Insights

Based on property information with market context.

This professionally managed multifamily apartment building features eight 1-bedroom units, a common area laundry room, and a rented storage room. The units are equipped with stainless appliances and are separately metered for gas and electricity. The property also includes nine uncovered parking spaces.

Santa Monica State Beach is located about 1 mile away, with shopping, dining, and entertainment options in the nearby area.

The current configuration is geared toward residential income with individual metering and shared laundry, along with on-site uncovered parking for residents or guests.

Key Highlights

  • Multifamily building with eight 1‑bedroom units
  • Units are separately metered for gas and electricity
  • Stainless appliances included in all units

Property Analytics

Current Use

Clean Life Colonic Physician Automated Shading (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service Tattoo & Piercing Shop Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,111
Businesses Nearby

Demographics for 90405, CA

27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight 1-bedroom units in a separately metered multifamily building with uncovered parking and common laundry.
Where is this apartment building located?
The property is located at 1024 Pico Boulevard Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Multifamily building with eight 1‑bedroom units; Units are separately metered for gas and electricity; Stainless appliances included in all units
(310) 955-8028 Call to check price and availability
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