1113 26th St

Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County. Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Recently named by National Geographic as one of the Top "10 Beach Cities in the World" and by TIME as one of the "Best Places to Live", Santa Monica features three miles of Pacific beaches and the Santa Monica Pier. Santa Monica’s residential population is approximately 93,000, increasing to an estimated 250,000 during the day with tourists, shoppers, and employees. Tourism attracts over 8 million visitors annually. Location Highlights: ▪ 3.5-Miles stretch of coastline ▪ Laid-back beach town atmosphere with big city sophistication ▪ Diverse mix of shopping, dining, entertainment, outdoor recreation ▪ Only eight miles (13 km) north of Los Angeles International Airport (LAX) ▪ Close to other popular SoCal cities such as Beverly Hills and HollywoodArbor Realty Capital Advisors is pleased to present a rare investment opportunity to acquire a 28-unit multifamily apartment portfolio located at 1113 - 1127 26th Street in the heart of Santa Monica. Nestled in one of Southern California’s most desirable coastal communities, this asset offers investors stable in-place income with significant long-term value appreciation in a supply-constrained and high-demand rental market. Situated in the highly sought after, north of Wilshire Boulevard location, the property spans a 31,157 square foot SMR-2 zoned lot and features approximately 25,604 square feet of improvements across four separate buildings. The location boasts a Walk Score of 87 (“Very Walkable”), with convenient access to Erewhon, Whole Foods, Trader Joe’s, Montana Avenue retail, highly rated restaurants, cafes, and more. Proximity to several prominent hospitals, Santa Monica College, UCLA, tech employers, and world-renowned beaches further enhances tenant appeal. Originally constructed in 1961 and owned by the same family for decades, the property is well-maintained and consists of a desirable unit mix: (19) 1 Bed / 1 Bath and (9) 2 Bed / 1 Bath apartments. Each unit is individually metered for gas and electricity and features their own water heaters, providing strong operational efficiency for future ownership. Parking is provided via twelve (12) enclosed garages, including four (4) single-car and eight (8) two-car garages, for a total of 20 parking spaces—a valuable amenity in this densely populated neighborhood. The community also offers on-site laundry facilities and pleasant open spaces between buildings, contributing to long-term tenant retention. This asset presents a prime value-add opportunity, with meaningful rental upside estimated at +/- 28%, through strategic renovations and repositioning. With its combination of location, unit count, parking, and inherent potential, 1113 - 1127 26th Street represents a compelling investment offering in the core of Santa Monica’s thriving multifamily market.