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5-Unit Apartment Property
For Sale
$2,075,000

2302 32nd St, Santa Monica, CA 90405

Three structures include a vacant two-bedroom unit and four one-bedroom units.

Property Size3,492 SF
Lot Size0.21 Acres
Days on Market162

Property Features for 2302 32nd St

General Information

Standard status Active
Size 3,492 SF
Total Parking Spaces 7
Lot size 0.21 Acres
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 2BR/1BA, 2 x 1BR/1BA, 1 x Large 1BR/1BA, 1 x non-conforming 1BR/1BA
Multifamily Units 5

Additional Details

Highway Access Yes

Building Details

Building Size 3,492 SF
Year Built 1938
Buildings 3
Listing Agency: CBRE
Listed By: John Boyett · License #02056759
Source: Jademillsestates
Added: Mar 24 Changed: Aug 31 Last Checked: Aug 30 at 11:41PM

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 CBRE

Investment Insights

Based on property information with market context.

Located at 2302 32nd Street, this apartment property occupies a 9,000 Square Feet lot with three structures and five total units. The front building contains three apartments, including one vacant two-bedroom, one-bathroom residence and two one-bedroom, one-bathroom residences. A two-story middle structure adds one large upstairs one-bedroom, one-bathroom unit and one downstairs non-conforming one-bedroom, one-bathroom unit. The property also includes 7 parking spaces and was built in 1938.

The site is positioned just south of Pico Boulevard and the I-10 Freeway, with access to Santa Monica and the surrounding West Los Angeles area. Retail, dining, nightlife, and daily necessities are identified in the immediate area. The property information also notes potential to convert and/or add additional ADUs, subject to buyer verification.

Key Highlights

  • Five total apartment units across three structures
  • 9,000 Square Feet lot with 7 parking spaces
  • Front building contains three units, including one vacant two‑bedroom, one‑bathroom apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Barber Shop Nursing Home Discount Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Butcher

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

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,338
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 - Three structures include a vacant two-bedroom unit and four one-bedroom units.
Where is this apartment building located?
The property is located at 2302 32nd St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: Five total apartment units across three structures; 9,000 Square Feet lot with 7 parking spaces; Front building contains three units, including one vacant two‑bedroom, one‑bathroom apartment
More about this property
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