2639-2643 Highland Ave, Santa Monica, CA 90405

2639-2643 Highland Ave, Santa Monica, CA 90405

Santa Monica, CA
$1,588,000

Property Description

First time on the market in 46 years, 2639-2643 Highland Avenue is a charming and unique corner lot property comprised of three detached, bungalow-style residences! With (1) 1Bed+1Bath front house, (1) 2Bed+1Bath middle house, and (1) VACANT 2Bed+1Bath back house, this is the perfect opportunity for an owner-user or investor looking for a prime Ocean Park asset.  Additionally, there is a bonus room + bathroom that could double as a bedroom, art studio, gym, or office with the potential to be connected to the upstairs owner’s unit or legalized as a rental unit using the ADU law. Sitting on a 4,288 square foot corner lot with lush greenery and an ocean breeze, each house features a separate entrance and a private deck, yard, or patio. There are also (2) single-car garages, one of which to be delivered VACANT.  Located in the Ocean Park neighborhood just blocks from the beach, Ocean View Park, and Main St, and only a short walk to Rose Ave and Abbot Kinney in Venice, this property is centrally located near some of the most highly rated shops, dining, and entertainment venues. ATTENTION: Owner-occupied triplexes can qualify for a temporary use exemption from Santa Monica’s rent control law. Properties like this rarely become available! See supplements for OM.

Property Features

  • Sale Price: $1,588,000
  • Area Size: 4,288 sq ft lot
  • Year Built: 1913
  • Listing Date: 05/09/24
  • Closing Date: 6/21/2024
  • Units: 3
  • Current GRM: 14.47
  • Current Cap Rate: 4.83%
  • Price Per Unit: $533,333