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.
For sale
$1,850,000
2447 Chelsea Pl, Santa Monica, CA 90404
7beds
7baths
4,255sqft
Multi Family
Built in 1965
-- sqft lot
$1,804,900 Zestimate®
$435/sqft
$-- HOA
What's special
- 17 hours
- 125
- 7
Zillow last checked:
Listing updated:
Listed by:
Keri White DRE # 01491049 424-262-4522,
Element RE, Inc 310-310-3372
Source: CLAW,MLS#: 26961579
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
Rooms
- Room types: Family Room, Dining Area
Bathroom
- Features: Double Vanity(s), Shower Over Tub, Shower Stall
Heating
- Other
Cooling
- Other
Appliances
- Included: Dishwasher, Range/Oven
- Laundry: Common Area, Inside, Laundry Room, Other
Features
- Ceiling Fan(s)
- Flooring: Wood, Tile, Carpet
- Doors: Sliding Doors
- Windows: Blinds, Drapes, Vertical Blinds
- Has fireplace: Yes
- Fireplace features: Kitchen, Bath, Family Room
Interior area
- Total structure area: 4,255
- Total interior livable area: 4,255 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached Carport, Covered
- Carport spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level w/steps
- Patio & porch: Concrete Slab, Enclosed, Patio
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 5,187 Square Feet
Details
- Additional structures: None
- Parcel number: 4276022020
- Zoning: SMR2*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century
- Property subtype: Multi Family
Materials
- Frame, Stucco
- Foundation: Slab
Condition
- Year built: 1965
Utilities & green energy
- Sewer: In Street, In Connected and Paid
- Water: Public
Community & HOA
Community
- Security: None
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $435/sqft
- Tax assessed value: $845,569
- Date on market: 9/4/2026
- Road surface type: Alley Paved
Estimated market value
$1,804,900
$1.71M - $1.90M
$5,549/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,850,000$435/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $862,480 +2% |
| 2025 | $11,483 +6.7% | $845,569 +2% |
| 2024 | $10,763 +1.6% | $828,990 +2% |
| 2023 | $10,592 +1.4% | $812,736 +2% |
| 2022 | $10,447 +2.9% | $796,801 +2% |
| 2021 | $10,155 +0.7% | $781,178 +1% |
| 2020 | $10,082 | $773,169 +2% |
| 2019 | $10,082 +7.9% | $758,010 +2% |
| 2018 | $9,348 | $743,148 +2% |
| 2017 | $9,348 +0.5% | $728,578 +2% |
| 2016 | $9,298 +3.8% | $714,293 +1.5% |
| 2015 | $8,962 +2.4% | $703,565 +2% |
| 2014 | $8,750 | $689,784 +2.5% |
| 2012 | -- | $673,205 +2% |
| 2011 | -- | $660,006 +0.8% |
| 2010 | -- | $655,074 -0.2% |
| 2009 | -- | $656,631 +2% |
| 2008 | -- | $643,757 +2% |
| 2007 | -- | $631,135 +2% |
| 2006 | -- | $618,760 |
| 2005 | -- | $618,760 +4% |
| 2004 | -- | $594,735 +1.9% |
| 2003 | -- | $583,836 +2% |
| 2002 | -- | $572,390 +106.2% |
| 2000 | -- | $277,527 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Mid-City
Nearby schools
Schools provided by the listing agent
- District: Santa Monica-Malibu Unified School District
Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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