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Six-Unit Apartment Property
For Sale
$2,695,000

947 17th St, Santa Monica, CA 90403

Six updated units in a well-maintained multifamily building with shared laundry and five covered parking spaces.

Property Size4,137 SF
Days on Market125

Property Features for 947 17th St

General Information

Standard status Active
Size 4,137 SF
Total Parking Spaces 5
Property subtype MULTI_FAMILY

Additional Details

Multifamily Units 6

Amenities

shared laundry

Building Details

Building Size 4,137 SF
Year Built 1950
Tenancy Multi
Listing Agency: Compass
Listed By: Esther Hickman · License #01993403
Source: Themalibulife
Added: May 4 Changed: Aug 16 Last Checked: Sep 4 at 10:43AM

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 Compass

Investment Insights

Based on property information with market context.

This six-unit apartment property offers expansive grounds and five covered parking spaces. Each unit has been tastefully updated, with modern conveniences including dishwashers in most units. The building also includes shared laundry facilities.

The property is offered for sale in Santa Monica. All units are described as being at market rent.

As presented, the building is maintained and positioned as an income-producing residential asset with updated interiors and on-site parking.

Key Highlights

  • 6‑unit multifamily property built in 1950
  • Each unit updated and currently rented at market rent
  • Modern conveniences include dishwashers in most units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Tattoo & Piercing Shop Storage Facility Pet Grooming Service

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,434
Businesses Nearby

Demographics for 90403, CA

25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
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 - Six updated units in a well-maintained multifamily building with shared laundry and five covered parking spaces.
Where is this apartment building located?
The property is located at 947 17th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1950; Each unit updated and currently rented at market rent; Modern conveniences include dishwashers in most units
More about this property
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