1222 Chelsea Avenue, Santa Monica, CA 90404

• 4 beds
• 2,464 sqft

Property Description

1222 Chelsea Avenue presents a rare opportunity to acquire a well-located triplex on a quiet, tree-lined street just moments from Douglas Park, neighborhood markets, shops, dining, and transit in one of Santa Monica's most desirable residential neighborhoods. The property consists of three thoughtfully configured units totaling approximately 2,464 square feet, including a charming front 3-bedroom, 2-bath cottage and a rear two-story duplex featuring a spacious 3-bedroom, 2-bath upper residence with a large private terrace and a 1-bedroom, 1-bath lower unit. The layout provides both separation and functionality, appealing to traditional tenants, extended households, or multi-generational living. A detached three-car garage and on-site laundry enhance convenience, usability, and long-term tenant appeal, while the overall scale of the property offers the intimacy of low-density ownership rarely available in Santa Monica's high-barrier-to-entry market. The property is currently leased to a single tenant under a month-to-month master lease generating approximately $152,340 annually ($12,695 per month), providing immediate income from day one with operational simplicity. At the offering price of $2,400,000, the asset reflects an in-place cap rate of approximately 4.50% based on current

Listing Status:

Active

Date Added:

February 12, 2026

Data Last Updated:

February 15, 2026 at 8:07PM

Listing Office:

Coldwell Banker Realty : 310-455-4111

Listing Agent:

Melissa Oliver : 310-455-4111

MLS ID:

CL26651929

Interior

• Laundry: Inside
• Flooring: Wood
• Heating: Central

Exterior

• General: Front Yard
• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: SMR24276017049

Financial

• Source: CRMLS