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LOCATION, LOCATION, LOCATION!!! Nestled on a fully landscaped corner lot just one short block away from the ocean bluffs in the desirable Palisades area is where you will find this extremely well-kept five unit building. There are only a few buildings this close to the water and this is one of them. A few of the units offer ocean views and they all enjoy the cool climate and afternoon breezes that come with living along the California coast. Building does offer a very spacious 2 bdrm 2 bath ground floor owners unit with a fireplace and peeks of the ocean. Upgrades in 2020 include a new roof, new electrical panels, painted exterior and relandscaping. There is garage parking for 4 cars and additional off-street parking for another 2 cars. Witn no living units above the garage and a flat roof, it's very possible that an ADU or two can be built above the garages (buyer to verify). Community laundry room with coin-operated machines services the units. This is an amazing opportunity to own a legacy property in an area known for it's bluff-top parks, walking trails, nature preserves and all of the benefits associated with living next to the ocean. This type of location in any other local beach city would cost you much more. Drive by it and cruise the area to see how special this location really is.
The income description goes here to explain
| List Price | $1,749,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7469022047 |
| MLS # | SB26035128 |
| Property ID | 291902834 |
| Lot Sqft | 6,505 |
| Zoning | LAR1 |
| Total Units | 5 |
| Days on Market | 8 |
| Original List Price | $1,749,000 |
| Date Updated | February 24, 2026 |
| Date Created | February 24, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $9,240 | $0 |
| Net Income (Yr) | $ 64,809 |
| Cap Rate | 3.7% |
Gary Krill an agent of . Lic #01086159
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 24, 2026 The information being 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.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT