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Vacant Owner-User Quadplex
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427 Hill St, Santa Monica, CA 90405

Four 2+1.5 units with balconies or patios, including a vacant top-floor owner’s unit with recent appliance upgrades.

Property SizeContact for details
Days on Market128

Property Features for 427 Hill St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: RE/MAX One
Listed By: Chase Simonton · License #CA 01766871
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 7:13PM

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 RE/MAX One

Investment Insights

Based on property information with market context.

This quadplex offers four separate 2+1.5 units, with each unit including a balcony or patio. The owner’s unit on the top floor is currently vacant, providing an option for an owner-user while the remaining units generate rental income. Recent improvements include upgrades for appliances in the vacant unit, including a refrigerator, stove/oven, dishwasher, and vent. Units #1, #3, and #4 include dishwashers. Several units and building exterior components have been refreshed over recent years, including repainting completed in 2021 for Units #2, #3, and #4, new carpets in 2021 for Unit #4, and new carpets plus repainting in 2023 for Unit #3. The patios/balconies were repainted in 2021.

The main sewer line was replaced and an additional cleanout was added at the back of the building in November 2022.

The property is described as being blocks from the beach, and the top-floor unit’s balcony faces the street.

Key Highlights

  • Four 2+1.5 units, each with a balcony or patio
  • Vacant top‑floor owner’s unit with balcony facing the street—ready for an owner‑user to live in and collect rent from other units
  • Recent appliance upgrades in the owner’s unit: refrigerator, stove/oven, dishwasher, and vent

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Butcher Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion 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.

Location Intelligence

Trade Area within ½ mile

3,232
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?
Quadplex - Four 2+1.5 units with balconies or patios, including a vacant top-floor owner’s unit with recent appliance upgrades.
Where is this quadplex located?
The property is located at 427 Hill St Santa Monica, CA.
What are key features of this property?
This property features: Four 2+1.5 units, each with a balcony or patio; Vacant top‑floor owner’s unit with balcony facing the street—ready for an owner‑user to live in and collect rent from other units; Recent appliance upgrades in the owner’s unit: refrigerator, stove/oven, dishwasher, and vent
(818) 366-3300 Call to check price and availability
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