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2601 28th St

Santa Monica, CA
Price:
$1,995,000
Units:
3
GRM:
14.89
Cap Rate:
4.34%
Gross Rentable Area
2,256

The Sterman Multi-Family Group of Marcus & Millichap, in collaboration with Michael Kamara of Lyon Stahl, is proud to present 2601 28th Street, a well-maintained 3-unit apartment property located in the heart of Santa Monica. Built in 1955, the property consists of one two-bedroom, one-bathroom apartment, one two-bedroom, one-bathroom detached house, and one three-bedroom, two-bathroom detached house. The building totals 2,256 square feet and sits on a 6,000 square foot lot. Each unit includes its own washer and dryer and a dedicated garage parking spot, offering modern conveniences that enhance tenant appeal and rental value. Additionally, two of the three units enjoy private yard spaces—an increasingly rare and attractive feature in the Santa Monica rental market.

The property has undergone substantial capital improvements, including full electrical re-wiring, copper re-plumbing, earthquake retrofitting, and a complete sewer line replacement—providing long-term stability and reduced maintenance risk for future ownership. Ideally located on a quiet, tree-lined residential street, 2601 28th Street offers walkable access to top restaurants, boutique shopping, and vibrant nightlife. Just 3 miles from the Santa Monica Pier and minutes from the 10 and 405 freeways, the property benefits from excellent connectivity throughout the Westside and greater Los Angeles.

  • Prime Santa Monica Location – Situated on a quiet, tree-lined street in one of the Westside’s most desirable rental markets.
  • Walkable Lifestyle – Just steps from popular restaurants, boutique shops, and vibrant nightlife options.
  • Proximity to Iconic Destinations – Only 3 miles from the world-famous Santa Monica Pier and beaches.
  • Significant Capital Improvements – Fully re-wired and re-plumbed, earthquake retrofitting completed, and sewer line replaced—reducing future maintenance costs and enhancing long-term value.
  • Turnkey Amenities – All units include in-unit washer/dryers and private garage parking, increasing tenant desirability and supporting strong rents.
  • Excellent Connectivity – Convenient access to the 10 and 405 Freeways, allowing for easy commutes across Los Angeles.

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