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Multifamily

2032-2016 Delaware Ave

2032 Delaware Ave, Santa Monica, CA 90404

Listing Price: $9,999,000

Cap Rate
4.66%
Number of Units
30
GRM
13.19
Price/Unit
$333,300
Price/Gross SF
$408.22
Gross SF
24,494

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.

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

Multifamily

2032-2016 Delaware Ave

Listing Price: $9,999,000

Cap Rate
4.66%
Number of Units
30
GRM
13.19
Price/Unit
$333,300
Price/Gross SF
$408.22
Gross SF
24,494

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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