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    Classic Duplex with Four Units Title is generated by Realmo AI

    238 Bicknell, Santa Monica, CA 90405

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    For Sale
    $1,999,000

    Duplex - Santa Monica, CA

    Type:Duplex
    Property size:
    2,369 SF
    Lot size:
    6,006.00 Acres
    Price / SF:
    $843/SF
    Added:
    Mar 30, 2026
    Days on Market:
    68
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 238 Bicknell

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    4
    Exterior features
    Community Features Included: Urban, Rectangular Lot
    Standard status
    Active
    APN
    4289017018
    Size
    2,369 SF
    Lot size
    6,006.00 Acres

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Raymond Rodriguez

    Listing agent Raymond Rodriguez License #01402283

    Listing office Equity Union 4353 Park Terrace Drive, Woodland Hills, CA

    Listing date Mar 30, 2026

    MLS# SR26068002 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multifamily property in Santa Monica (Ocean Park) with 4 units total per public record (duplex per public record).
    • Built in 1920 with approx. 2,369 SF of improvements on a 6,006 SF rectangular lot.
    • Unit mix includes one 2BD/1BA unit with office and three 1BD/1BA units with some den and utility room configurations.
    • Four detached garages plus shared on‑site laundry area, with a rear patio adjacent to the garage structure.
    • Lower units provide both front and rear access for separate entry/functional separation.
    • Utilities: master metered for water; separately metered for gas and electricity; each unit has an individual water heater.

    Overview

    Originally constructed in 1920, this classic duplex-style property contains four units. The unit mix includes one two-bedroom, one-bath unit with an office, along with three one-bedroom, one-bath units; some configurations include a den and a utility room. Interior finishes vary, with select units featuring updated interiors while others retain original wood siding and period details. Lower units provide both front and rear access, offering separation that may support flexible day-to-day arrangements. The property includes four detached garages and a shared on-site laundry area, plus a rear patio area adjacent to the garage structure. Utility services are master metered for water, with gas and electricity separately metered, and each unit has an individual water heater.

    The Bicknell Residences are located in the Ocean Park neighborhood of Santa Monica, near Main Street and its dining and retail options. The site also offers proximity to local coastal destinations, including the Santa Monica Pier and Third Street Promenade, as well as nearby parks and recreation. Area access includes Lincoln Boulevard, Pico Boulevard, Santa Monica Boulevard, and the I-10 Freeway.

    This offering is being sold pursuant to a court-supervised partition process and is subject to court confirmation. Prospective buyers should verify legal status, permits, unit configuration, and allowable uses, including any potential development standards.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oppidan Shift Investment ... Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.486816
    Latitude
    34.007039

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    FAQs

    What type of property is this?
    Quadplex - Four-unit duplex in Ocean Park with detached garages, shared laundry, and multiple interior configurations.
    Where is this quadplex located?
    The property is located at 238 Bicknell Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: Multifamily property in Santa Monica (Ocean Park) with 4 units total per public record (duplex per public record).; Built in 1920 with approx. 2,369 SF of improvements on a 6,006 SF rectangular lot.; Unit mix includes one 2BD/1BA unit with office and three 1BD/1BA units with some den and utility room configurations.
    (818) 581-5829
    We can help!
    Listing Contact
    Raymond Rodriguez
    Real Estate License ID: 01402283
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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