522 Idaho Ave, Santa Monica, CA 90403
522 Idaho Ave, Santa Monica, CA 90403
522 Idaho Ave, Santa Monica, CA 90403
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$2,700,000
Est. payment /mo
6 Beds
6 Baths
3,360 SqFt
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Open House

Sat May 23, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $803

MLS Listing ID 25575611

Style Bungalow

Bedrooms 6

Year Built 1922

Lot Size 7,482 Sqft

Acres 0.1718

Property Sub-Type Multi-Family

Property Description

PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. 522-532 Idaho Avenue is a boutique six unit multifamily investment opportunity located in Santa Monica's coveted Wilshire-Montana neighborhood. Situated just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, the property combines premier walkability with low operational complexity, making it ideal for private buyers seeking an A+ location, reliable yield, upside, and minimal management intensity. Offered at $2,700,000, the asset reflects a 4.83% CAP through easy to execute self-management. Even if off-site management is utilized, the property continues to offer an attractive 4.48% CAP with plenty of upside. Current rents are approximately 22% below market, supporting a projected 6% CAP on proforma rents if self-managed. The projected market GRM of 11.89, compared to the scheduled GRM of 14.01, further highlights the embedded income growth opportunity. Built in 1922, the property features six (6) one-bedroom, one-bathroom railroad-style bungalow units totaling approximately 3,360 SF on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal nonconforming density and will be delivered with two units vacant, allowing for immediate repositioning. Recent upgrades at two of the property's units include modernized kitchens and bathrooms, new flooring, in unit washer/dryers, and custom closets. Further property improvements include new landscaping, fencing, irrigation, and fresh paint, reducing near term capital needs. With walkable access to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and convenient connectivity to PCH and the I10, 522-532 Idaho Avenue represents a rare opportunity to acquire a higher yielding, low maintenance multifamily asset in one of Santa Monica's most desirable residential enclaves.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Kitchen Remodeled

Interior

Interior Features Built-Ins, Common Walls

Heating Wall

Cooling None

Equipment Built-Ins, Garbage Disposal, Washer, Refrigerator, Freezer, Dishwasher, Dryer

Laundry In Unit

Exterior

Parking Features None

Roof Type Flat

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Schools

School District Santa Monica-Malibu Unified School District

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB Richard Ellis, Inc.

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Ron Taibi

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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