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8-Unit Apartment Building
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2423 4th Street, Santa Monica, CA 90405

Owner-occupied pride-of-ownership eight-unit apartment building with designated tuck-under parking stalls beneath the structure.

Property SizeContact for details
Days on Market143

Property Features for 2423 4th Street

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Multifamily

Additional Details

Multifamily Units 8

Building Details

Tenancy Multi
Listing Agency: Lee & Associates San Diego
Listed By: Eric von Bluecher · License #01926201
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 9:32PM

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 Lee & Associates San Diego

Investment Insights

Based on property information with market context.

The Queen Anne is an eight-unit apartment building presented for the first time in 40 years. The unit mix includes one two-bedroom/two-and-a-half-bath townhome, two two-bedroom/one-and-a-half-bath units, one one-bedroom/one-and-a-half-bath townhome unit, and four one-bedroom/one-bath units. Eight tuck-under parking stalls are located beneath the building.

The building is on the City of Santa Monica’s list for the seismic retrofit program. The asset is described as well located, with walkable access to a park, schools, the beach, and Main Street, as well as nearby transit options.

Vehicle capacity is supported by tuck-under parking beneath the building, with the listing noting that more vehicles may be able to fit depending on vehicle size.

Key Highlights

  • Owner‑occupied pride‑of‑ownership eight‑unit apartment building with designated tuck‑under parking stalls beneath the structure
  • Unit mix includes: (1) 2BD/2.5BA owner’s townhome, (2) 2BD/1.5BA units, (1) 1BD/1.5BA townhome unit, and (4) 1BD/1BA units
  • 8 tuck‑under stalls are located underneath the building (additional vehicle parking may be possible depending on vehicle size)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher Clothing & Fashion Store (Bike/Boat/Book/etc) Store Nursing Home Adult Day Care Mobile Phone Store

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

3,359
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 - Owner-occupied pride-of-ownership eight-unit apartment building with designated tuck-under parking stalls beneath the structure.
Where is this apartment building located?
The property is located at 2423 4th Street Santa Monica, CA.
What are key features of this property?
This property features: Owner‑occupied pride‑of‑ownership eight‑unit apartment building with designated tuck‑under parking stalls beneath the structure; Unit mix includes: (1) 2BD/2.5BA owner’s townhome, (2) 2BD/1.5BA units, (1) 1BD/1.5BA townhome unit, and (4) 1BD/1BA units; 8 tuck‑under stalls are located underneath the building (additional vehicle parking may be possible depending on vehicle size)
(760) 929-9700 Call to check price and availability
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