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1246 Chelsea Ave, Santa Monica, CA 90404

Sale Price: $1,800,000
Mar 19, 20252,566 sqft5 beds5 baths
Listed by: Jake Glaser
License #: 02128816
Phone #: 310-494-6368
Lyon Stahl Investment Real Estate, Inc.
Source:
CRMLS Logo
MLS #: 25514049

Property Description

PRICE REDUCED $500K, BRING ALL OFFERS.... 1246 Chelsea Ave is an ideal owner-user 4-plex opportunity located in prime Santa Monica. The charming property is comprised of a large 3-bed / 2-bath front house with a gated driveway with two-tandem parking spaces and private backyard, plus a triplex in the back offering additional rental income. The front house was fully renovated approximately 5 years ago, and includes stainless steel appliances, new kitchen countertops, updated marble & tile accents in the bathrooms, plus a large back deck. The triplex structure has (2) 1-bed / 1-bath units upstairs, plus (1) studio unit on the ground floor alongside three one-car garages. The studio unit is approximately 300 square feet and will be delivered VACANT at close of escrow. 1246 Chelsea Ave is a truly perfect "house hacking" opportunity for owner-users, but it also provides strong in-place income for potential investors with all of the tenants moving in within the past ~4.5 years. Located in a prime Santa Monica neighborhood North of Santa Monica Blvd, 1246 Chelsea is close by to St Johns Medical Center, Brentwood Country Club, Douglas Park, Trader Joe's, Whole Foods and plenty of public & private school options.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$26,976

TurboHome Estimated Value

$1,899,200

$740 sqft

High Valuation
$1,994,160
$777/sqft
Normal Valuation
$1,899,200
$740/sqft
Low Valuation
$1,804,240
$703/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$740/sqft$1,899,200

Neighborhood

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Comparative Value

$1.57M

$1.73M

$1.80M

$2.00M

$2.05M

$2.15M

1717 S Barrington Ave 102, Los Angeles, CA 90025

Sale Price: $1,575,000

Selected Comparable

2121 Stewart St, Santa Monica, CA 90404

Sale Price: $1,732,500

Selected Comparable

1246 Chelsea Ave, Santa Monica, CA 90404

Sale Price: $1,800,000

Selected Comparable

1246 Chelsea Ave, Santa Monica, CA 90404

List Price: $2,000,000

Subject Property

1027 12th St, Santa Monica, CA 90403

Sale Price: $2,050,000

Selected Comparable

1130 22nd St, Santa Monica, CA 90403

Sale Price: $2,155,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1246 Chelsea Ave, Santa Monica, CA 90404

1246 Chelsea Ave, Santa Monica, CA 90404

List: $2,000,000

Listed: 3/19/2025

Area:2,566 sqft
Price/sqft:$779
Beds:5
Baths:5
Year Built:
Lot Size:5,330

Comparable Properties

COMPARABLE
Choose comps
1246 Chelsea Ave, Santa Monica, CA 90404

1246 Chelsea Ave, Santa Monica, CA 90404

Sale: $1,800,000

5/22/20250.00 mi

Area:2,566 sqft
Price/sqft:$701
Beds:5
Baths:5
Year Built:
Weight:24.9%
1027 12th St, Santa Monica, CA 90403

1027 12th St, Santa Monica, CA 90403

Sale: $2,050,000

7/9/20250.94 mi

Area:3,095 sqft
Price/sqft:$662
Beds:5
Baths:5
Year Built:
Weight:20.4%
1130 22nd St, Santa Monica, CA 90403

1130 22nd St, Santa Monica, CA 90403

Sale: $2,155,000

6/3/20250.25 mi

Area:2,243 sqft
Price/sqft:$961
Beds:5
Baths:4
Year Built:
Weight:19.8%
2121 Stewart St, Santa Monica, CA 90404

2121 Stewart St, Santa Monica, CA 90404

Sale: $1,732,500

4/6/20251.13 mi

Area:2,544 sqft
Price/sqft:$681
Beds:5
Baths:4
Year Built:
Weight:19.6%
1717 S Barrington Ave 102, Los Angeles, CA 90025

1717 S Barrington Ave 102, Los Angeles, CA 90025

Sale: $1,575,000

4/22/20251.48 mi

Area:2,591 sqft
Price/sqft:$608
Beds:4
Baths:4
Year Built:
Weight:15.3%

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