Discover the perfect investment opportunity in the heart of Santa Monica with this charming 6-unit property for sale. Current CAP rate of 4.77% with tremendous upside. Don't miss out on this rare chance to own a piece of prime real estate in one of California's most coveted locations. Explore the endless possibilities of this property and make your investment dreams a reality today! Introducing a fantastic opportunity in Santa Monica near Erewhon Market and great dining options on Wilshire Blvd! This 6-unit property features spacious living spaces, with 4 units offering 3 bedrooms each and 2 x 2 bedroom units. Ideal for investors looking to capitalize on high-demand rental units in a prime location. Don't miss out on this incredible investment opportunity!
Sold for $2,900,000
$2,900,000
1229 Princeton St, Santa Monica, CA 90404
12beds
14baths
7,724sqft
Multi Family
Built in 1977
-- sqft lot
$3,242,300 Zestimate®
$375/sqft
$3,679 Estimated rent
Home value
$3,242,300
$2.82M - $3.79M
$3,679/mo
Zestimate® history
Owner options
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$3,679/mo
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$3,679/mo
Rent Zestimate®
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$18,602/mo
Est. payment
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$18,602/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Joshua Barre DRE # 01222605 310-935-4537,
LA West Real Estate Inc. 424-262-3939,
Eric Caliboso DRE # 02008096 310-866-9535,
LA West Real Estate Inc.
Bought with:
Dan Ritter, DRE # 00873502
Ritter Associates
Source: CLAW,MLS#: 24-410335
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 14
Heating
- Radiant
Cooling
- None
Appliances
- Included: Disposal, Dishwasher, Microwave, Washer, Range/Oven, Refrigerator
Interior area
- Total structure area: 7,724
- Total interior livable area: 7,724 sqft
Property
Parking
- Total spaces: 12
- Parking features: Community Structure
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,013 Square Feet
Details
- Additional structures: None
- Zoning: SMR2*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1977
Community & HOA
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $866,024
- Date on market: 12/10/2025
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2024 | Sold | $2,900,000-6.3%$375/sqft |
Source:  CLAW #24-410335 Report a problem | ||
| 7/13/2024 | Contingent | $3,095,000$401/sqft |
Source: CLAW #24-410335 Report a problem | ||
| 7/1/2024 | Listed for sale | $3,095,000$401/sqft |
Source: CLAW #24-410335 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Mid-City
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Nearby schools
GreatSchools rating
- 7/10McKinley Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Lincoln Middle SchoolGrades: 6-8Distance: 1 mi
- 9/10Santa Monica High SchoolGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$3,242,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,242,300
- California
- Los Angeles County
- Santa Monica
- 90404
- Mid-City
- 1229 Princeton St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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