2230 Delaware Avenue
Santa Monica, CA, 90404
$2,260,000
MLS: 26841091
Beds
6
Baths
5
Sq Ft
3,075
Lot
0.12 ac
Year Built
1951
MLS #
26841091
Days on Market
144
Listed
Jun 1, 2026
Description
"Exceptional turnkey 4-UNIT INVESTMENT OPPORTUNITY in a prime Santa Monica location with stunning Mountain and sunset views. Ideally situated near Santa Monica beaches, Whole Foods, Virginia Park, Santa Monica College, Sunset Park, Main Street, the Pico Neighborhood, and the 3rd Street Promenade. This highly desirable location supports enduring tenant demand and long-term value appreciation, with easy access to shopping, dining, entertainment, and public transportation. Extensively renovated and thoughtfully upgraded, this income-producing property ( GREAT CASH FLOW ) consists of a REMODELED TRIPLEX plus a NEWLY BUILT legal 2-bedroom, 2-bath ADU, offering strong rental demand, stable income generation, and compelling long-term investment potential. Recent capital improvements include new copper re-piping, upgraded electrical and plumbing systems, hardwood flooring and or vinyl plank, dual-pane windows, fresh interior paint, new heaters, and modernized interiors throughout. Each unit features stainless steel appliances including an in-unit washer and dryer, dishwasher, built-in microwave, gas range, and refrigerator. Additional interior upgrades include recessed LED lighting, granite countertops, white shaker-style cabinetry, and designer Edison-style fixtures. These significant upgrades help support tenant satisfaction while reducing near-term maintenance concerns, enhancing the property's appeal as a well-positioned investment asset. The lower front unit enjoys a spacious private patio with panoramic city and Santa Monica Mountain views. Residents also benefit from a large shared rear patio and five onsite parking spaces, amenities that contribute to continued tenant desirability and rental strength. ALL UNITS ARE CURRENTLY TENANT OCCUPIED , providing immediate rental income and operational continuity for investors. DO NOT DISTURB TENANTS. Inside with an accepted offer, no exceptions! Call agent for more information - Make an offer on the CAR FORMS"
Location
Santa Monica, Los Angeles County, CA 90404
Open on Google Maps ↗Listed by: Marc Chorin · ZARA Equity Corp.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$17,474
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $226,000 · Loan: $2,034,000
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $13,972
- Property tax (1.25%)
- $2,354
- Homeowners insurance
- $300
- Mortgage insurance
- $848
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $79,100 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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