2415 Arizona Ave, Santa Monica, CA 90404
4-Unit Bungalow Style Property | One Vacant Unit
$1,850,000
Property Highlights
4-unit bungalow style property built in 1938
Four 1BD/1BA units across two separate duplex structures with a shared central patio
Three units recently updated with modern finishes, new flooring, tile, fixtures, and appliances
One unit to be delivered vacant July 1st, ideal for owner-user opportunity
Prime Santa Monica location N. of Santa Monica Blvd
Four private garages with two rented separately, generating $400/month in additional income
Walkable location near Whole Foods, Trader Joe’s, Santa Monica College, and top-rated schools including McKinley Elementary School
The Opportunity
The Glaser Group is pleased to present 2415 Arizona Avenue—a charming and well-located 4-unit bungalow property situated on a gated, secure corner lot at Arizona Avenue and Chelsea Avenue in the heart of Santa Monica. This attractive asset offers a rare opportunity to acquire stabilized income in a high-demand rental market, and is perfect for an owner-user with one of the units to be delivered vacant as of July 1st.
The property consists of two separate duplex structures, each containing two 1-bedroom units, with a shared central patio between the buildings offering a welcoming communal space. Each unit features both front and rear entry access and a cozy, efficient layout that promotes privacy. Three of the four units have been thoughtfully upgraded with new laminate flooring, updated kitchen and bathroom tile, modern light fixtures, new blinds, and upgraded appliances. All units are equipped with gas wall heaters, and water heaters that have been replaced within the past seven years. Unit 2415, located closest to the alley, also enjoys a spacious private patio—perfect for outdoor living and added privacy.
The property includes four private garages accessed from the alley, one of which will be available for the upcoming vacancy. Two of the garages are currently rented separately, generating an additional $400 per month in rental income. Ability to convert to ADU(s) (Buyer to verify).
Situated on a 5,293 SF R2-zoned lot, 2415 Arizona Avenue is ideally located just minutes from some of Santa Monica’s most desirable amenities, including Whole Foods, Trader Joe’s, Reed Park, Virginia Avenue Park, and Santa Monica College. Notably, the property is located directly across the street from McKinley Elementary School, a highly rated public K–5 school.
Exclusively Listed By:
Jake Glaser
(310) 230-5157
jake@lyonstahl.com
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