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    26Th St Santa Monica, CA 90403

    For Sale
    $5,250,000

    Prime 12-unit multifamily property on Montana Avenue, Santa Monica.

    Property size:
    10,618 SF
    Lot size:
    0.34 Acres

    Property Features for 26Th St

    General Information

    Standard status
    Active
    Size
    10,618 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    1948

    Source: COLLIERS INTERNATIONAL GREATER LOS ANGELES, INC. Agent DOMINIC GUAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montana Avenue Multifamily Investment Opportunity

    This is a 12-unit multifamily investment opportunity situated on a prime corner double lot on Montana Avenue. The charming bungalow-style building is on the market for the first time in 25 years. Units feature hardwood floors, dual entrances, dining rooms, and natural lighting. Select units offer renovated kitchens and baths, semi-private patios, in-unit washer and dryers, recessed lighting, and upgraded appliances. Community amenities include a private lawn and on-site laundry for non-renovated units. There is ample opportunity to enhance the space with fire pits, BBQ areas, and a dog run. Nine garages are located on the right side of the property, presenting the opportunity to build two to three Accessory Dwelling Units (ADUs) over the existing garages, offering upside potential for additional rental income. The property is located on 26th Street, Santa Monica, CA 90403 and has a property size of 10,618 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.493005
    Latitude
    34.049235

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    FAQs

    What type of property is this?
    Apartment building - Prime 12-unit multifamily property on Montana Avenue, Santa Monica.
    Where is this apartment building located?
    The property is located at 26Th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Prime corner double lot location on highly sought-after Montana Avenue.; - Significant upside potential to increase rental income by building (2-3) Accessory Dwelling Units (ADUs) over existing garages, resulting in a 7.98% pro forma cap rate.; - Competitively priced at a 4.61% in-place cap rate with a 7.41% pro forma cap rate.
    Request Owner's contact information
    26Th St Santa Monica, CA 90403
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    Santa Monica, CA 90403
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    26Th St Santa Monica, CA 90403
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