522-532 Idaho Ave
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522-532 Idaho Ave Immeuble residentiel 6 lots 2 307 258 € (384 543 €/Lot) Santa Monica, CA 90403
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- OPEN HOUSE: THURSDAY, AUGUST 21st, 5:00 PM.
- Major improvements made by current ownership.
- Just blocks from the beach, Palisades Park, and Montana Avenue.
- Two units delivered vacant at close.
- Top Rated Santa Monica Malibu Unified School District.
- Demonstrated Renovation Strategy: Follow current ownership’s demonstrated renovation strategy to unlock an estimated remaining 22% rental upside.
RÉSUMÉ ANALYTIQUE
Contact James Keady for the OM. PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS.
OPEN HOUSE: THURSDAY, AUGUST 21st, 5:00 PM.
CBRE is pleased to exclusively present 522–532 Idaho Avenue, a boutique six-unit multifamily investment opportunity located in the heart of Santa Monica’s coveted Wilshire-Montana neighborhood. Just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, this property offers a rare combination of location, charm, and long-term upside in one of Southern California’s most desirable coastal submarkets.
Built in 1922, and with major renovations completed in 2025, the property features six 1-bedroom, 1-bathroom bungalow-style units across three separate structures, totaling approximately 3,360 SF of rentable space on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal non-conforming density and will be delivered with two vacant units, allowing for immediate value-add execution.
Current rents are below market, with an estimated 22% rental upside. Offered at $2,700,000, the asset reflects a 4.50% cap rate on current income and a 5.80% cap rate on pro-forma rents. The projected market GRM is 11.89, compared to the current 14.01, highlighting the opportunity for income growth through renovations and lease-up.
Recent upgrades include modernized kitchens and bathrooms, new flooring, in-unit washer/dryers, and custom closets. Exterior improvements include new landscaping, fencing, irrigation, and paint, enhancing curb appeal and tenant experience.
Located within walking distance to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and major employers, with easy access to PCH and I-10, this property benefits from proximity to natural attractions and lifestyle amenities that consistently drive tenant demand in 90403.
OPEN HOUSE: THURSDAY, AUGUST 21st, 5:00 PM.
CBRE is pleased to exclusively present 522–532 Idaho Avenue, a boutique six-unit multifamily investment opportunity located in the heart of Santa Monica’s coveted Wilshire-Montana neighborhood. Just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, this property offers a rare combination of location, charm, and long-term upside in one of Southern California’s most desirable coastal submarkets.
Built in 1922, and with major renovations completed in 2025, the property features six 1-bedroom, 1-bathroom bungalow-style units across three separate structures, totaling approximately 3,360 SF of rentable space on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal non-conforming density and will be delivered with two vacant units, allowing for immediate value-add execution.
Current rents are below market, with an estimated 22% rental upside. Offered at $2,700,000, the asset reflects a 4.50% cap rate on current income and a 5.80% cap rate on pro-forma rents. The projected market GRM is 11.89, compared to the current 14.01, highlighting the opportunity for income growth through renovations and lease-up.
Recent upgrades include modernized kitchens and bathrooms, new flooring, in-unit washer/dryers, and custom closets. Exterior improvements include new landscaping, fencing, irrigation, and paint, enhancing curb appeal and tenant experience.
Located within walking distance to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and major employers, with easy access to PCH and I-10, this property benefits from proximity to natural attractions and lifestyle amenities that consistently drive tenant demand in 90403.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 307 258 € | Style d’appartement | De faible hauteur |
| Prix par lot | 384 543 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 0,07 ha |
| Multiplicateur du loyer brut | 14.01 | Surface de l’immeuble | 312 m² |
| Nb de lots | 6 | Nb d’étages | 1 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1922/2025 |
| Sous-type de bien | Appartement | ||
| Zonage | SMR2* - Two-Family Dwellings | ||
| Prix | 2 307 258 € |
| Prix par lot | 384 543 € |
| Type de vente | Investissement |
| Multiplicateur du loyer brut | 14.01 |
| Nb de lots | 6 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 312 m² |
| Nb d’étages | 1 |
| Année de construction/rénovation | 1922/2025 |
| Zonage | SMR2* - Two-Family Dwellings |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Raccord machine à laver/sèche-linge
- Ventilateurs de plafond
- Cuisine
- Planchers en bois
- Réfrigérateur
- Four
- Cuisinière
- Baignoire/Douche
- Porche
CARACTÉRISTIQUES DU SITE
- Laverie
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score®
Très praticable à pied (84)
Bike Score®
Un paradis pour les cyclistes (95)
TAXES FONCIÈRES
| Numéro de parcelle | 4292-010-001 | Évaluation des aménagements | 348 652 € |
| Évaluation du terrain | 1 721 471 € | Évaluation totale | 2 070 123 € |
TAXES FONCIÈRES
Numéro de parcelle
4292-010-001
Évaluation du terrain
1 721 471 €
Évaluation des aménagements
348 652 €
Évaluation totale
2 070 123 €
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522-532 Idaho Ave
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