Coastal Santa Monica Compound: A Rare Value-Add Opportunity. Here's your shot at a true Westside trophy: Live in the front like a true home, with the bonus of income and options right behind you. This five-unit Santa Monica compound is delivered with four of five units vacant, offering the space and privacy of your…Coastal Santa Monica Compound: A Rare Value-Add Opportunity. Here's your shot at a true Westside trophy: Live in the front like a true home, with the bonus of income and options right behind you. This five-unit Santa Monica compound is delivered with four of five units vacant, offering the space and privacy of your own home plus the flexibility of a compound. The front owner's unit lives like a true single-family home: three bedrooms, two baths, great size, fully updated, with two separate outdoor entertaining spaces perfect for indoor-outdoor California living, plus dedicated front parking. This is the kind of unit you move into and never want to leave. Behind it, you'll find beautifully updated, contemporary one-bedroom, one-bath units, with some city views, plus a spacious two-bedroom, one-bath unit, all vacant and move-in ready. One additional two-bedroom, one-bath unit is currently tenant-occupied, offering immediate rental income while you plan your next move. And speaking of upside: three separate existing spaces create the potential to add up to three ADUs, unlocking an estimated additional $65K+ per year in income. For an investor or owner-user looking to maximize value, this is about as good as it gets. Location, location, location. You're 13 blocks to the sand, minutes from the shops and restaurants along Pico and Ocean Park, Santa Monica College, neighborhood parks, tennis courts, and sports fields. Hop on the freeway easily, catch the farmers' market, or stroll to Main Street and the 3rd Street Promenade. Venice's Rose Avenue and Abbot Kinney are just south; Wilshire and Montana are just north. UCLA and Providence St. John's Medical Center are both close by. With the Expo Line only about five blocks away, this property falls within the half-mile transit zone eligible for major development under SB 79. This is a rare combination of lifestyle, location, and long-term upside. Opportunities like this move fast. Schedule your showing today
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6
1/2 bathrooms: 0
Appliances
Included: Dishwasher, Refrigerator, Dryer, Washer
Laundry: Common Area, Laundry Room
Features
Flooring: Carpet, Tile
Has fireplace: Yes
Fireplace features: Living Room
Interior area
Total structure area: 5,027 sqft
Total interior livable area: 5,027 sqft
Property
Parking
Total spaces: 6
Parking features: Attached Carport, Assigned, Concrete, Covered, Door Single, Driveway, Garage, One Space, Side By Side
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