522 - 532 Idaho Avenue, Santa Monica, CA 90403

Santa Monica
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
522 - 532 Idaho Avenue,Santa Monica, CA 90403
$2,700,000
Virtual Tour
  • 6 Beds
  • 6 Baths
  • 3,360 sq. ft.
  • Multi-family
  • Active
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 Santa Monica's coveted Wilshire-Montana neighborhood. Situated just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, the property combines premier walkability with low operational complexity, making it ideal for private buyers seeking an A+ location, reliable yield, upside, and minimal management intensity. Offered at $2,700,000, the asset reflects a 4.83% CAP through easy to execute self-management. Even if off-site management is utilized, the property continues to offer an attractive 4.48% CAP with plenty of upside. Current rents are approximately 22% below market, supporting a projected 6% CAP on proforma rents if self-managed. The projected market GRM of 11.89, compared to the scheduled GRM of 14.01, further highlights the embedded income growth opportunity. Built in 1922, the...

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Home facts

  • Year built:1922
  • Listing ID #:25575611
  • Added:291 day(s) ago
  • Updated:May 31, 2026 at 10:46 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Kitchen Description:Dishwasher, Disposal, Refrigerator
  • 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
  • Architectural Style:Bungalow
  • Levels:1 Story

Finances and disclosures

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

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer
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