241 Marine Street, Santa Monica, CA 90405

Local realty services provided by:ERA North Orange County Real Estate
241 Marine Street,Santa Monica, CA 90405
$3,400,000
  • 12 Beds
  • 11 Baths
  • 5,232 sq. ft.
  • Multi-family
  • Active
Listed by:elliot hassan
Office:northmarq realty services, inc.
MLS#:25553257
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$649.85

About this home

Originally built in 1903, 241 Marine Street sits on a corner lot totaling approximately 6,490 square feet, with underutilized common area space that provides additional value-add potential. A subsequent buyer will have the opportunity to transform the asset into a boutique luxury property through targeted exterior facade enhancements and comprehensive interior renovations. The property consists of three (3) studios, five (5) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) two-bedroom/two-bath unit (*the property is currently being operated as a 9 unit). Additionally, select units feature private patios and ocean views, much of the building remains in largely original condition creating a blank canvas to deliver a premium product that can command top-of-market rents. With ~32% loss-to-lease on in-place rents, there is a clear path to unlock substantial value in a neighborhood underserved by high-end rental inventory. In addition to its unbeatable beachside

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Home facts

  • Year built:1903
  • Listing ID #:25553257
  • Added:105 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:11
  • Living area:5,232 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1903
  • Building area:5,232 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$649.85
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