$4,700,000
1902 Arizona, Santa Monica CA 90404
Multi-Family (8 Units)
Property type
22 days
On market
$552
Price per sqft
0 cars
Garage
1958
Year built
7,500 sqft
Lot size
Home highlights
Open Houses
Overview
Prime Santa Monica income property—well-maintained 8-unit building that was completely remodeled in 1994 is in an exceptional coastal location. This two-story complex features four units per floor, each with separate gas and electric meters, providing efficient management and strong rental potential. Every unit includes one covered parking space plus an additional uncovered...
Listing provided by: Marshall Sharifan DRE #01851614, All About Real Estate
Listing updated: May 15, 2026 at 12:01am.
Last checked: Jun 5, 2026 at 12:30pm
Source: CRMLS #SW26102855
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $3,170 | $3,170 | $3,265 | Unfurnished |
| 1 | 2 | 2 | — | $2,672 | $2,672 | $2,752 | Unfurnished |
| 1 | 2 | 2 | — | $2,550 | $2,550 | $2,626 | Unfurnished |
| 1 | 2 | 2 | — | $2,750 | $2,750 | $2,832 | Unfurnished |
| 1 | 2 | 2 | — | $1,500 | $1,500 | $1,545 | Unfurnished |
| 1 | 3 | 2 | — | $2,403 | $2,403 | $4,175 | Unfurnished |
| 1 | 2 | 2 | — | $500 | $500 | $515 | Unfurnished |
| 1 | 3 | 2 | — | $3,400 | $3,400 | $3,502 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Carpet: 8
Disposal: 8
Ranges: 8
Refrigerator: 8
Rent Control: Yes
Units Leased: 8
Total Actual Rent: $19,175
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
20.4x
List Price / Annual Gross Rent
Cap Rate
3.4%
NOI / List Price
Gross Scheduled Income: $230,100
Operating Expense: $70,238
Net Operating Income: $159,862
Annual Operating Expenses
Electric: $0
Gardener: $2,160
Fuel: $70,238
Insurance: $17,426
Licenses: $458
Maintenance: $9,200
New Taxes: $13,230
Pest Control: $1,680
Professional Management: $0
Supplies: $628
Trash: $9,500
Water / Sewer: $14,036
Interior
Interior Features: Storage, Unfurnished
Room Type: Family Room, Kitchen
Flooring: Carpet, Laminate, Tile
Cooling: None
Heating: Wall Furnace
Appliances: Disposal, Gas Range, Refrigerator, Dryer, Washer
Fireplace: None
Laundry: Laundry Room, Dryer Included, Washer Included
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Tar Gravel
Window Features: Blinds
Common Walls: Two Common Walls Or More
Lot Features: Corner Lot, Sprinkler System
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View: Neighborhood
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned
Garage Spaces: 0
Uncovered Spaces: 8
Carport Spaces: 8
Parking Total: 16
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4276028024
Additional Parcels: No
Tax Lot: X
Tax Block: 130
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1902 Arizona, Santa Monica, CA 90404. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,760,000
Total Interest
$4,795,673
Total Payment
$8,555,673
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$28,812
per month
Property History for 1902 Arizona
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 1902 Arizona