1226 Chelsea Avenue 1, Santa Monica, California 90404, Santa Monica, 90404 - 6 bed, 5 bath

1226 Chelsea Avenue 1, Santa Monica, California 90404 home-pic-0
ACTIVE$2,970,000
1226 Chelsea Avenue 1, Santa Monica, California 90404
6Beds
5Baths
3,038Sqft
5,303Lot
Year Built
1958
Close
-
List price
$2.97M
Original List price
$2.97M
Price/Sqft
$978
HOA
-
Days on market
-
Sold On
-
MLS number
SB25162445
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.97M(90th), sqft - 3038(90th), beds - 6(90th), baths - 5(90th).

HOUSE + 3 UNITS | A unique opportunity to own a fully vacant 4plex in the heart of Santa Monica. Whether you're an owner-user looking to live in one unit and rent the others, or an investor ready to set market rents from day one, this property offers the kind of flexibility that's nearly impossible to find especially in Santa Monica. Located just off Wilshire Blvd, you're minutes from everything: Douglas Park, Whole Foods, Trader Joe's, UCLA Medical Center, The Water Garden and Colorado Center Park. With an unbeatable Walk Score, this is the type of neighborhood people stay in for years.The front home is a spacious and fully remodeled 3-bedroom, 2-bath house with a den, modern fixtures, a private front deck, and 10-foot privacy shrubs that require virtually no upkeep. Behind it are three remodeled 1-bedroom, 1-bath units, perfect for extended family, guests, or strong rental income. All units will be delivered fully furnished. Additionally, there are garages in the back that presents strong ADU potential. The property also features a new energy-efficient roof with reflective material, keeping things cool and efficient. With no tenants, this property gives you a rare advantage in Santa Monica full control from day one. Live in the front, lease the back, build out an ADU, or simply hold a strong asset in a coastal market. Main House will be delivered vacant

Price History

Date
Event
Price
07/18/25
Listing
$2,970,000
09/22/05
Sold
$1,299,000
Condition Rating
Good

The property, built in 1958, has undergone significant renovations, including a 'fully remodeled' main house and 'remodeled' units, along with a new energy-efficient roof. The main house features modern fixtures, hardwood floors, and an updated kitchen with granite countertops and stainless steel appliances, presenting as move-in ready and in very good condition. While one of the unit kitchens shown appears more dated with older cabinets, laminate countertops, and linoleum flooring, the property is presented as fully functional and move-in ready across all units. The presence of a window AC unit in the main house is a minor detractor from a top-tier rating, but overall, the property is well-maintained with major systems updated and no immediate renovations required for occupancy.
Pros & Cons

Pros

Multi-Unit Income & Flexibility: A rare fully vacant 4-plex in Santa Monica, offering immediate income potential for investors or flexible owner-user options to live in one unit and rent the others at market rates.
Prime Santa Monica Location & Walkability: Situated in the highly desirable heart of Santa Monica, just off Wilshire Blvd, providing excellent walkability and proximity to parks, retail, medical facilities, and major employment centers.
Remodeled Units & Modern Condition: All units, including the spacious front house, have been remodeled with modern fixtures, reducing immediate capital expenditure for a new owner.
ADU Potential & Energy Efficient Upgrades: Features strong ADU potential with existing garages, offering future expansion and income opportunities, complemented by a new energy-efficient roof.
Immediate Vacancy & Control: Delivered fully vacant, providing the buyer with complete control from day one to set market rents and manage the property without existing tenant complications.

Cons

Age of Original Construction: Built in 1958, the property's underlying infrastructure may still be original despite unit remodels, potentially leading to future maintenance needs for systems like plumbing or electrical.
Lack of Explicit Cooling System: While an energy-efficient roof is mentioned, the description does not specify the presence of air conditioning or a dedicated cooling system for the units, which could be a comfort concern in warmer months.
No Views: The property lacks any specified views (e.g., ocean, city), which might be a disadvantage in a premium coastal market where views often command a higher value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state