1419 Stanford Street, Santa Monica, CA 90404
Local realty services provided by:ERA Carlile Realty Group
1419 Stanford Street,Santa Monica, CA 90404
$2,495,000
- 11 Beds
- 7 Baths
- 4,800 sq. ft.
- Multi-family
- Active
Listed by: desiree danialian
Office: bekeris310-271-0101
MLS#:26857251
Source:CRMLS
Price summary
- Price:$2,495,000
- Price per sq. ft.:$519.79
About this home
Exceptional investment opportunity in the heart of Santa Monica! This six unit income property features two separate buildings on one lot and offers an outstanding opportunity for investors or owner occupants seeking a value add asset in one of the Westside's most desirable rental markets. The unique configuration includes a detached single family residence in the front and a separate five unit apartment building in the rear, offering exceptional flexibility and long term investment potential. The front home, which is currently leased, offers approximately 1,200 square feet with 2 bedrooms, 2 bathrooms, and a den. The rear building is a two story, five unit apartment building consisting of four 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. Most units have been tastefully updated, and most windows throughout the property have been recently replaced, providing enhanced energy efficiency, comfort, and curb appeal. The front house also features a recently installed roof. The property includes six on site parking spaces, four of which are covered, along with a community laundry room. One 2 bedroom, 1 bathroom unit and one 1 bedroom, 1 bathroom unit are currently vacant, presenting an immediate opportunity to lease at current market rents and significantly increase cash flow. Current rental income reflects the existing occupancy, with pro forma gross rental income projected to exceed $16,000 per month. Buyer to independently verify all income, expenses, rental projections, square footage, and all other information. Ideally situated just minutes from Santa Monica's world famous beaches, Main Street, Downtown Santa Monica, Montana Avenue, premier shopping, dining, parks, and convenient transportation, this is a rare opportunity to acquire a well maintained income property with immediate upside potential in one of Southern California's strongest and most sought after rental markets....
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Home facts
- Year built:1958
- Listing ID #:26857251
- Added:33 day(s) ago
- Updated:August 11, 2026 at 11:09 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:7
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:4,800 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1958
- Building area:4,800 sq. ft.
- Lot area:0.18 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$519.79
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Washer
- Amenities:Ceiling Fans
Parking
- Total parking spaces:6
- Parking description:Carport, Driveway
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