241 Marine Street, Santa Monica, CA 90405

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241 Marine Street,Santa Monica, CA 90405
$3,400,000
  • 12 Beds
  • 11 Baths
  • 5,232 sq. ft.
  • Multi-family
  • Active
Listed by:elliot hassan
Office:northmarq realty services, inc.
MLS#:25553257
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$649.85

About this home

Originally built in 1903, 241 Marine Street sits on a corner lot totaling approximately 6,490 square feet, with underutilized common area space that provides additional value-add potential. A subsequent buyer will have the opportunity to transform the asset into a boutique luxury property through targeted exterior facade enhancements and comprehensive interior renovations. The property consists of three (3) studios, five (5) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) two-bedroom/two-bath unit (*the property is currently being operated as a 9 unit). Additionally, select units feature private patios and ocean views, much of the building remains in largely original condition creating a blank canvas to deliver a premium product that can command top-of-market rents. With ~32% loss-to-lease on in-place rents, there is a clear path to unlock substantial value in a neighborhood underserved by high-end rental inventory. In addition to its unbeatable beachside

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Home facts

  • Year built:1903
  • Listing Id #:25553257
  • Added:68 day(s) ago
  • Updated:August 25, 2025 at 01:16 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:11
  • Living area:5,232 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1903
  • Building area:5,232 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$649.85
Based on information from California Regional Multiple Listing Service, Inc. as of August 25, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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