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100% Fully Lease - 5 Unit Complex 1231-1233 17th St 5 Unit Apartment Building $3,255,056 CAD ($651,011 CAD/Unit) Santa Monica, CA 90404
Investment Highlights
- Front duplex and rear three-unit building create a compound-style layout.
- Landscaped central courtyard enhances privacy and separation between units.
- Close to UCLA Health, Providence Saint John's Health Center, and neighborhood retail.
- Four private garages serve the residential units.
- Located near Montana Avenue, Wilshire Boulevard, and Santa Monica beaches.
Executive Summary
Rarely available 5 unit beach style compound with front duplex units, a rear structure with 3 apartments, central garden, and 4 private garages. HIGHLY DESIRABLE
SANTA MONICA POCKET Steps from the beach, Montana Avenue, premium retail, and a mix of top-tier dining. Within a major medical corridor including UCLA Health and St Johns Health Center. VALUE ADD OPPORTUNITY Nestled within a storybook style street scene lined with palm trees and well manicured courtyards. Addition of ADUs possible with conversion of garages (buyer to verify). 95+ WALK SCORE Just off Wilshire, steps from the beach, Montana Avenue boutiques, premium coffee shops, Whole Foods, and a host of top-tier dining. PRIVATE BUNGALOW FEEL The property is beautifully landscaped and designed for privacy, centered around a middle garden.
• Bungalow-style units with modern finishes and private access. • Prime walkable location delivering Santa Monica’s best in retail, transit, and coastal access.
• Ideal for buyers seeking a low maintenance asset with authentic character and lifestyle perks. Central laundry room + in unit washer/dryers (in front duplex)
SANTA MONICA POCKET Steps from the beach, Montana Avenue, premium retail, and a mix of top-tier dining. Within a major medical corridor including UCLA Health and St Johns Health Center. VALUE ADD OPPORTUNITY Nestled within a storybook style street scene lined with palm trees and well manicured courtyards. Addition of ADUs possible with conversion of garages (buyer to verify). 95+ WALK SCORE Just off Wilshire, steps from the beach, Montana Avenue boutiques, premium coffee shops, Whole Foods, and a host of top-tier dining. PRIVATE BUNGALOW FEEL The property is beautifully landscaped and designed for privacy, centered around a middle garden.
• Bungalow-style units with modern finishes and private access. • Prime walkable location delivering Santa Monica’s best in retail, transit, and coastal access.
• Ideal for buyers seeking a low maintenance asset with authentic character and lifestyle perks. Central laundry room + in unit washer/dryers (in front duplex)
Property Facts
| Price | $3,255,056 CAD | Building Class | C |
| Price Per Unit | $651,011 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,878 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SMR2* - Low-to-medium density residential | ||
| Price | $3,255,056 CAD |
| Price Per Unit | $651,011 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,878 SF |
| Average Occupancy | 60% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | SMR2* - Low-to-medium density residential |
Amenities
Unit Amenities
- Cable Ready
Site Amenities
- Public Transportation
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4276-011-015 | Improvements Assessment | $463,161 CAD |
| Land Assessment | $3,396,527 CAD | Total Assessment | $3,859,688 CAD |
Property Taxes
Parcel Number
4276-011-015
Land Assessment
$3,396,527 CAD
Improvements Assessment
$463,161 CAD
Total Assessment
$3,859,688 CAD
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100% Fully Lease - 5 Unit Complex | 1231-1233 17th St
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