522 - 532 Idaho Avenue, Santa Monica, CA 90403

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522 - 532 Idaho Avenue,Santa Monica, CA 90403
$2,700,000
Virtual Tour
  • 6 Beds
  • 6 Baths
  • 3,360 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Thu, Aug 21
    05:00 pm - 06:00 pm
Listed by:james keady
Office:cb richard ellis, inc.
MLS#:25575611
Source:CRMLS

Price summary

  • Price:$2,700,000
  • Price per sq. ft.:$803.57

About this home

PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. 522- 532 Idaho Avenue is 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 Ocean Boulevard and Palisades Park, 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, 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

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Home facts

  • Year built:1922
  • Listing Id #:25575611
  • Added:1 day(s) ago
  • Updated:August 14, 2025 at 03:28 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:3,360 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1922
  • Building area:3,360 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$2,700,000
  • Price per sq. ft.:$803.57
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