Multifamily
2032-2016 Delaware Ave
2032 Delaware Ave, Santa Monica, CA 90404
Listing Price: $9,999,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 2032–2106 Delaware Avenue, a 30-unit investment opportunity located in the 90404 zip code of Santa Monica, an area undergoing rapid gentrification and notable economic growth.
2032-2016 Delaware Ave
Investment Highlights
- A 2-story wood frame construction apartment building with 30 total units, and 2 parking structures in the back.
- The property consists of a mix of 20 one-bedroom units, 2 two-bedroom townhome units, and 8 two-bedroom units, and offers 38% rental upside.
- Situated on a large 1.09-acre lot with low site coverage, providing ample room for 2 to 4 ADUs.
- Includes 26 private one-car garages.
- Units feature full kitchens and access to on-site laundry service.
- Mature landscaping and open layout create a spacious, garden-style feel.
- Easy access to the I-10 and 405 freeways.
Exclusively Listed By
Listing Price: $9,999,000
Investment Highlights
- A 2-story wood frame construction apartment building with 30 total units, and 2 parking structures in the back.
- The property consists of a mix of 20 one-bedroom units, 2 two-bedroom townhome units, and 8 two-bedroom units, and offers 38% rental upside.
- Situated on a large 1.09-acre lot with low site coverage, providing ample room for 2 to 4 ADUs.
- Includes 26 private one-car garages.
- Units feature full kitchens and access to on-site laundry service.
- Mature landscaping and open layout create a spacious, garden-style feel.
- Easy access to the I-10 and 405 freeways.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 2032–2106 Delaware Avenue, a 30-unit investment opportunity located in the 90404 zip code of Santa Monica, an area undergoing rapid gentrification and notable economic growth.
Exclusively Listed By
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