$2,100,000
2440 Chelsea Place, Santa Monica CA 90404
Multi-Family (4 Units)
Property type
17 days
On market
N/A
Price per sqft
3 cars
Garage
1913
Year built
5,194 sqft
Lot size
Home highlights
Open Houses
Overview
*Prime Santa Monica Location: Minutes to Downtown Santa Monica and Third Street Promenade *Owner-User Opportunity: Charming well-maintained single-family home with triplex on quiet cul-de-sac*Turnkey: House and two out of three apartments fully renovated *Attractively Priced at $2.1 Million *"Walker's Paradise" Location (94 Walk Score): Walk to CVS, Starbucks, Jamba Juice,...
Listing provided by: Adrienne Barr DRE #01308753 310-470-8963, Berkadia
Listing updated: May 27, 2026 at 07:19am.
Last checked: Jun 3, 2026 at 12:01am
Source: CRMLS #26836129
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,400 | $2,400 | $2,575 | Unfurnished |
| 1 | 1 | 1 | — | $2,240 | $2,240 | $2,575 | Unfurnished |
| 1 | 1 | 1 | — | $1,783 | $1,783 | $2,575 | Unfurnished |
| 1 | 2 | 1 | — | $4,400 | $4,400 | $4,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Refrigerator: 4
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
16.2x
List Price / Annual Gross Rent
Cap Rate
3.83%
NOI / List Price
Net Operating Income: $80,469
Interior
Heating: Wall Furnace
Appliances: Refrigerator, Dryer, Washer
Laundry: Dryer Included, Washer Included
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: Assigned, Carport, Door Single, Garage
Garage Spaces: 3
Carport Spaces: 1
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 4276022012
Zoning: SMR2*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 2440 Chelsea Place, Santa Monica, CA 90404. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,680,000
Total Interest
$2,142,747
Total Payment
$3,822,747
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,956
per month
Property History for 2440 Chelsea Place
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90404.
Similar Homes
Listings with similar prices to 2440 Chelsea Place