Four-Unit Courtyard Apartment
For Sale
$1,800,000
2710 Arizona Ave, Santa Monica, CA 90404
Four one-bedroom homes are arranged around a landscaped patio, alongside a detached garage space used for office or studio purposes.
Property Size2,342 SF
Days on Market10
Property Features for 2710 Arizona Ave
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Northeast
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Amenities
courtyard patio
garden
30% Rental Upside: Scheduled rent of $116,004 a year rises to $150,960 at market rents. Unit C is at $723 a month against a $2,995 market rent.
Cap Rate Climbs With Rent: NOI rises from $96,839 to $131,795 at market rents, from a 5.38% to a 7.32% cap rate at the $1,800,000 list price.
Income Beyond the Units: The detached garage on the rear alley is leased as studio space at $1,300 a month, $15,600 a year.
Easy Pathway to an ADU: The detached garage already has a permitted half bath (2018) and lighting, lowering the cost of an ADU conversion.
A Private, Landscaped Setting: Gated street frontage and a landscaped courtyard patio, with four unit electric meters and a house meter.
Walk Score 92: One block south of Wilshire, 0.15 miles from Erewhon and 0.60 miles from the Metro E Line at Bergamot.
Building Details
Building Size
2,342 SF
Year Built
1950
Units
4
Listing Agency:
Encino Office
Listed By:
Luka Leader · License #License(s): CA: 02245434
(818) 212-2743
Source:
Marcusmillichap
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 28 at 5:41AM
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 Encino Office
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Investment Insights
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This 2,342-square-foot apartment property was built in 1950 and contains four one-bedroom residences. A central landscaped courtyard includes mature shade trees, garden beds and seating. Unit A has two full bathrooms, with one on each level. A detached garage at the rear alley is leased for office or studio use, providing a separate use beyond the apartments.
The property is one block south of Wilshire Boulevard in Mid-City Santa Monica. Its Walk Score is 92. Erewhon is 0.15 miles north, Bristol Farms is 0.34 miles north and Trader Joe’s is 0.38 miles southwest. Douglas Park is 0.29 miles west, and McKinley Elementary School is 0.28 miles southwest.
The property is one block south of Wilshire Boulevard in Mid-City Santa Monica. Its Walk Score is 92. Erewhon is 0.15 miles north, Bristol Farms is 0.34 miles north and Trader Joe’s is 0.38 miles southwest. Douglas Park is 0.29 miles west, and McKinley Elementary School is 0.28 miles southwest.
Key Highlights
- Four one‑bedroom residences; Unit A has two full bathrooms
- 2,342 square feet; built in 1950
- Detached rear‑alley garage is leased for office or studio use
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,316
Businesses Nearby
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Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom homes are arranged around a landscaped patio, alongside a detached garage space used for office or studio purposes.
Where is this quadplex located?
The property is located at 2710 Arizona Ave Santa Monica, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four one‑bedroom residences; Unit A has two full bathrooms; 2,342 square feet; built in 1950; Detached rear‑alley garage is leased for office or studio use
