The subject property is a five-unit residential income asset located at 2218 24th Street in the Sunset Park neighborhood of Santa Monica. Built in 1947 and zoned SMR1, the asset consists of a (1) 2-Bedroom/ 1.5-Bath + Office front house, (3) 1-Bedroom / 1-Bath units, and (1) Studio / 1-Bath unit, totaling 3,412 rentable square feet on a 7,514 SF lot. There are two garages. One two-car garage is facing the alley, while the other two-car garage is accessible from the courtyard and is currently used as storage. There are 5 total parking spaces on-site. The property is 100% occupied with substantial in-place rental upside, sitting just blocks from Whole Foods, Trader Joe's, the Bergamot Expo Line station, and Santa Monica College. Positioned just blocks from neighborhood shopping and restaurants, the property boasts a walk score of 88 (Walker's Paradise). There is a laundry room on-site with washer and dryer machines that are owned provided a great amenity and additional income. The property benefits from one of the Westside's most walkable submarkets, a quiet residential pocket with limited new supply, strong renter demand, and the long-term durability that defines Santa Monica multifamily.
For sale
$2,950,000
2218 24th St, Santa Monica, CA 90405
5beds
6baths
3,412sqft
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$865/sqft
$-- HOA
What's special
- 58 days
- 199
- 12
Zillow last checked:
Listing updated:
Listed by:
William James DRE # 01734419 310-600-9858,
Lyon Stahl Investment Real Estate, Inc. 310-425-9838,
Peter James DRE # 01748556 310-467-7581,
Lyon Stahl Investment Real Estate, Inc.
Source: CLAW,MLS#: 26854589
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Heating
- Wall
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Refrigerator, Range/Oven, Gas Water Heater
- Laundry: Laundry Area
Features
- Has fireplace: Yes
- Fireplace features: Den
Interior area
- Total structure area: 3,412
- Total interior livable area: 3,412 sqft
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Garage - 2 Car, Driveway, Covered
- Garage spaces: 2
- Uncovered spaces: 3
Features
- Levels: Multi/Split
- Stories: 2
- Entry location: Main Level
- Patio & porch: Rear Porch, Awning(s)
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City
Lot
- Size: 7,514 Square Feet
- Dimensions: 51 x 147
- Features: Single Lot, Rectangular Lot, Lot-Level/Flat, Street Lighting, Front Yard, City Lot
Details
- Additional structures: None
- Parcel number: 4273007003
- Zoning: SMR1*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- Year built: 1947
Utilities & green energy
- Sewer: In Street
- Water: Public
Community & HOA
Community
- Security: Gated, Smoke Detector(s), Carbon Monoxide Detector(s), Security Lights
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $865/sqft
- Tax assessed value: $2,430,166
- Date on market: 7/6/2026
- Total actual rent: 211548
- Tenant pays: Gas, Electricity
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$5,515/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $2,950,000-1.5%$865/sqft |
Source:  CLAW #26854589 Report a problem | ||
| 4/29/2026 | Listing removed | $2,995,000$878/sqft |
Source: CLAW #26646589 Report a problem | ||
| 3/16/2026 | Listing removed | $7,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2026 | Listed for rent | $7,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/8/2026 | Listing removed | $7,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/3/2026 | Listed for sale | $2,995,000+30.8%$878/sqft |
Source: CLAW #26646589 Report a problem | ||
| 1/7/2026 | Listed for rent | $7,200-2.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/29/2025 | Listing removed | $7,390$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/17/2025 | Price change | $7,390-1.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/20/2025 | Price change | $7,490-4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Listed for rent | $7,800+4.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/26/2024 | Listing removed | $7,495$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/3/2024 | Listed for rent | $7,495$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/8/2024 | Listed for rent | $7,495$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/30/2022 | Price change | $7,495-3.3%$2/sqft |
Source: Zillow Rental Network_1 #22-192497 Report a problem | ||
| 8/8/2022 | Price change | $7,750-0.6%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/22/2022 | Price change | $7,800-1.3%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/30/2022 | Price change | $7,900-0.6%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/23/2022 | Price change | $7,950-5.4%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/17/2022 | Listed for rent | $8,400$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/24/2021 | Sold | $2,290,000$671/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,478,769 +2% |
| 2025 | $31,009 +6.5% | $2,430,166 +2% |
| 2024 | $29,120 +1.6% | $2,382,516 +2% |
| 2023 | $28,662 +1.2% | $2,335,800 +2% |
| 2022 | $28,311 +532.2% | $2,290,000 +666.5% |
| 2021 | $4,478 +0.7% | $298,778 +1% |
| 2020 | $4,447 | $295,715 +2% |
| 2019 | $4,447 +8.2% | $289,918 +2% |
| 2018 | $4,110 | $284,234 +2% |
| 2017 | $4,110 +1.7% | $278,662 +2% |
| 2016 | $4,043 +3.9% | $273,199 +1.5% |
| 2015 | $3,890 +1.4% | $269,096 +2% |
| 2014 | $3,834 | $263,825 +4.5% |
| 2011 | -- | $252,437 +0.8% |
| 2010 | -- | $250,551 -0.2% |
| 2009 | -- | $251,147 +6.1% |
| 2006 | -- | $236,664 |
| 2005 | -- | $236,664 +4% |
| 2004 | -- | $227,475 +3.9% |
| 2002 | -- | $218,930 +4% |
| 2000 | -- | $210,430 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Sunset Park
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