$1,915,000
-$50,0002117 Stewart Street, Santa Monica CA 90404
Multi-Family (Fourplex)
Property type
97 days
On market
$753
Price per sqft
4 cars
Garage
1941
Year built
5,589 sqft
Lot size
Home highlights
Open Houses
Overview
Whether you're looking for your next savvy investment or want to make the most out of your purchase, don't pass up this incredible opportunity in Santa Monica! Situated with easy access to major freeways, the property is just half a mile from Virginia Ave Park and a quick three-mile trip to the iconic Santa Monica Pier. This prime location combines the charm of a quiet...
Listing provided by: Lisa Oliveras DRE #01141551 310-378-5533, Estate Properties, Ramsey Oliveras DRE #01200976 310-378-5533, Estate Properties
Listing updated: Jun 4, 2026 at 09:29pm.
Last checked: Jun 4, 2026 at 10:00pm
Source: CRMLS #PV26043221
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $2,325 | $2,325 | $2,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $512 | $512 | $2,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $2,495 | $2,495 | $2,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,750 | $2,750 | $3,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 0
Dishwasher: 4
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $8,082
Tenant Pays: Cable Tv, Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
19.7x
List Price / Annual Gross Rent
Cap Rate
3.36%
NOI / List Price
Gross Scheduled Income: $96,984
Vacancy Allowance: $0
Vacancy Allowance Rate: 0%
Operating Expense: $32,604
Net Operating Income: $64,380
Annual Operating Expenses
Cable TV: $0
Electric: $0
Furniture Replacement: $0
Gardener: $1,440
Fuel: $0
Insurance: $3,000
Licenses: $0
Maintenance: $0
New Taxes: $24,564
Pest Control: $0
Pool: $0
Professional Management: $0
Supplies: $0
Trash: $0
Water / Sewer: $3,600
Workers Comp: $0
Other Expense: $0
Interior
Room Type: Kitchen, Living Room
Flooring: Laminate, Vinyl
Cooling: None
Heating: Combination, Floor Furnace, Wall Furnace
Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen
Entry Location: Street And Patio
Exterior
Architectural Style: Traditional
Property Attached: Yes
Stories Total: 2
Levels: One, Two
Roof: Composition, Shingle
Window Features: Blinds, Screens
Construction Materials: Stucco
Exterior: Rain Gutters
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Zero To One Unit Acre, Lawn, Landscaped, Sprinkler System
Pool: None
Spa: None
Fencing: Partial, Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View: None
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Garage
Garage Spaces: 4
Uncovered Spaces: 1
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4274031014
Additional Parcels: No
Tax Lot: 34
Zoning: SMR2*
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 2117 Stewart Street, Santa Monica, CA 90404. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,532,000
Total Interest
$1,953,982
Total Payment
$3,485,982
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,828
per month
Property History for 2117 Stewart Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90404.
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