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1833 19th St 5 Unit Apartment Building $5,628,000 CAD ($1,125,600 CAD/Unit) Santa Monica, CA 90404
Investment Highlights
- Four of Five Units Delivered Vacant: Rare opportunity to reposition 80 percent of units and lease up at market rates
- Desirable Amenities: In-unit laundry, private patio/yard space, select interior upgrades, and on-site parking
- Strong Unit Mix: Five-unit property featuring a 4BD/3BA house, three 2BD/1BA units, and one 1BD/1BA unit for broad tenant appeal
- Prime Location One Block to Santa Monica College: Built-in tenant demand complemented by easy access to the beach, major employers, shopping, dining
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 1833 19th Street, a five-unit apartment property in an outstanding Santa Monica rental location. Four of the units will be delivered vacant, offering a rare opportunity in this submarket for a new investor to reposition the asset and lease up at market rates.
The property comprises two buildings and features a strong unit mix consisting of a spacious four-bedroom/three-bathroom house, three two-bedroom/one-bathroom units, and one one-bedroom/one-bathroom unit. The asset’s amenities package supports rental demand: private patio and yard space, in-unit laundry, and on-site parking.
Ideally located just one block from Santa Monica College, the property benefits from consistent rental demand generated by students, faculty, and tenants seeking convenient access to employment centers throughout the Westside and the Westside lifestyle. Residents enjoy quick access to the beach and the renowned dining, shopping, and entertainment destinations that make Santa Monica one of Southern California’s most popular rental markets. With an outstanding current return and an exceptional location, 1833 19th Street represents a can’t-miss investment opportunity.
The property comprises two buildings and features a strong unit mix consisting of a spacious four-bedroom/three-bathroom house, three two-bedroom/one-bathroom units, and one one-bedroom/one-bathroom unit. The asset’s amenities package supports rental demand: private patio and yard space, in-unit laundry, and on-site parking.
Ideally located just one block from Santa Monica College, the property benefits from consistent rental demand generated by students, faculty, and tenants seeking convenient access to employment centers throughout the Westside and the Westside lifestyle. Residents enjoy quick access to the beach and the renowned dining, shopping, and entertainment destinations that make Santa Monica one of Southern California’s most popular rental markets. With an outstanding current return and an exceptional location, 1833 19th Street represents a can’t-miss investment opportunity.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,628,000 CAD | Building Class | C |
| Price Per Unit | $1,125,600 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,374 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 20% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SMR2* | ||
| Price | $5,628,000 CAD |
| Price Per Unit | $1,125,600 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,374 SF |
| Average Occupancy | 20% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | SMR2* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 4+3 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4274-011-014 | Total Assessment | $172,329 CAD (2025) |
| Land Assessment | $55,020 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $117,308 CAD (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
4274-011-014
Land Assessment
$55,020 CAD (2025)
Improvements Assessment
$117,308 CAD (2025)
Total Assessment
$172,329 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2027
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1833 19th St
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