$2,100,000
2440 Chelsea Place, Santa Monica CA 90404
Multi-Family (4 Units)
Property type
28 days
On market
N/A
Price per sqft
3 cars
Garage
1913
Year built
5,194 sqft
Lot size
Home highlights
Open Houses
Overview
*Prime Santa Monica Location: Minutes to Downtown Santa Monica and Third Street Promenade *Owner-User Opportunity: Charming well-maintained single-family home with triplex on quiet cul-de-sac*Turnkey: House and two out of three apartments fully renovated *Attractively Priced at $2.1 Million *"Walker's Paradise" Location (94 Walk Score): Walk to CVS, Starbucks, Jamba Juice,...
Listing provided by: Adrienne Barr DRE #01308753 310-470-8963, Berkadia
Listing updated: Jun 10, 2026 at 05:03pm.
Last checked: Jun 15, 2026 at 06:00am
Source: CRMLS #26836129
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,400 | $2,400 | $2,575 | Unfurnished |
| 1 | 1 | 1 | — | $2,240 | $2,240 | $2,575 | Unfurnished |
| 1 | 1 | 1 | — | $1,783 | $1,783 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $4,400 | $4,400 | $4,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Refrigerator: 4
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
16.2x
List Price / Annual Gross Rent
Cap Rate
3.83%
NOI / List Price
Net Operating Income: $80,469
Interior
Heating: Wall Furnace
Appliances: Refrigerator, Dryer, Washer
Laundry: Dryer Included, Washer Included
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: Assigned, Carport, Door Single, Garage
Garage Spaces: 3
Carport Spaces: 1
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 4276022012
Zoning: SMR2*
Community
HOA: No
Senior Community: No