2447 Chelsea Pl , Santa Monica, CA 90404
$1,850,000
Est. Payment: $9,798.81/mo
7 Bed
7 Bath
4255 Sqft
Status: Active | Days on site: 19
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CLW-X83420 - CLW-X90503
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House Description

Prime Santa Monica Quadruplex | Investment Opportunity with Strong Upside Potential. Positioned in one of Santa Monica's most sought-after coastal markets, 2447 Chelsea Place presents an attractive opportunity for investors seeking a well-located multi-family asset with a desirable unit mix and long-term potential. The property consists of four residential units, offering a versatile configuration of three 2-bedroom, 2-bath residences and one 1-bedroom, 1-bath residence. Two of the larger units are located upstairs and feature private balconies, while two residences are situated on the lower level. Each unit is assigned a covered carport, and residents have access to community laundry facilities as well as an inviting patio area to enjoy. The diverse unit mix provides flexibility for attracting a broad tenant base while creating the potential for a stable and diversified rental stream. For an investor, the property's appeal extends beyond its current configuration, offering an opportunity to evaluate future improvements, unit enhancements, and other value-add strategies that may increase rental appeal and overall asset performance. Location is a significant component of the investment story. Santa Monica consistently commands attention for its limited housing supply, highly desirable coastal setting, established rental demand, and proximity to employment, entertainment, dining, shopping, and recreation. The property places residents within easy reach of the beach, parks, local businesses, and the distinctive lifestyle that continues to make Santa Monica one of Southern California's premier residential destinations. For investors looking to acquire a multi-unit property in a high-demand coastal market, 2447 Chelsea Place offers a compelling combination of unit diversity, desirable location, and value-add potential. An opportunity to acquire a four-unit asset in Santa Monica and position it for long-term income and appreciation. A strategic addition to an income-focused portfolio or an opportunity for an investor seeking to unlock additional value in one of California's most established coastal communities.

Highlights

Listed by Keri White , 424-262-4522 Element RE, Inc , 310-310-3372. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1965

County

Los Angeles

Area

C14 - Santa Monica

School District

Santa Monica-Malibu Unified

Listing ID

26961579

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:7
  • Full Bathrooms:0
Appliances:Dishwasher
Floor:Carpet,Tile,Wood
Other:
  • Additional:Ceiling Fan(s)

Exterior Features

Lot:No Land Lease
Garage Capacity:4
Zoning:SMR2*
Others:
  • Additional:Frame, Stucco, 2+ Total Units
Sewer:Other,Sewer Tap Paid
Parking Features:Attached Carport,Covered
Principal Interest
$9,799
Taxes
$1,179

Home Price

$1,850,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$370,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,798.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,798.81 $1,179.38 $0.00 $10,978.19
Yearly $117,585.76 $14,152.50 $0.00 $131,738.26
Total $3,527,572.68 $424,575.00 $0.00 $3,952,147.68

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Santa Monica, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T15:01:48.000Z

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