827 Cedar St, Santa Monica, CA 90405

Property Description

Private property. 100% occupied. Tours by appointment only. Do not disturb tenants. No trespassing. Tucked away on a quiet, tree-lined street in the heart of Santa Monica's coveted Sunset Park neighborhood, 827 Cedar Street is a rare gem that blends charm with modern investment potential. This three-unit multifamily property offers an exceptional opportunity for investors, owner-users, or developers seeking a foothold in one of Southern California's most desirable coastal communities. Built in 1952, the building spans nearly 3,000 square feet and sits on a 4,787 square foot lot zoned SMR2, allowing for multifamily use and potential future development. It's a classic mid-century, framed by mature landscaping with the relaxed, residential vibe that defines Sunset Park. Inside, each of the three units offers its own unique character. The front unit, ideal for owner occupancy, features a spacious layout with hardwood floors, a remodeled tile kitchen, and abundant natural light. A breakfast bar connects the kitchen to the living area, creating a warm and inviting space perfect for entertaining or relaxing. The rear units are equally well-appointed, offering privacy and access to shared amenities including a laundry room and open parking in the rear. The property's configuration is both practical and flexible, with six total bedrooms and three bathrooms across the three units. Whether you're looking to generate steady rental income or occupy one unit while leasing the others, 827 Cedar Street provides a versatile canvas for a variety of investment strategies. Beyond the property itself, the location is unbeatable. Sunset Park is known for its walkability, excellent schools, and proximity to Santa Monica's vibrant cultural and commercial hubs. Residents enjoy easy access to multiple city parks, Santa Monica College, and the boutique shops and restaurants along Pico Boulevard and Main Street. The beach is just minutes away. Financially, the property offers strong fundamentals with room for growth. There's significant upside potential through renovation and repositioning. The zoning also opens the door to potential ADU development or expansion, subject to city approval. In a market where inventory is limited and demand remains strong, 827 Cedar Street stands out as a compelling investment.