241 Marine Street

Santa Monica, CA 90405

  • 12 Bed(s)
  • 0 Bath(s)
  • 5,232 Sqft
  • 6491
    Sqft(Lot)
$3,400,000

Description

Originally built in 1903, 241 marine street sits on a corner lot totaling approximately 6,490 square feet, with underutilized common area space that provides additional value-add potential. a subsequent buyer will have the opportunity to transform the asset into a boutique luxury property through targeted exterior facade enhancements and comprehensive interior renovations. the property consists of three (3) studios, five (5) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) two-bedroom/two-bath unit (*the property is currently being operated as a 9 unit). additionally, select units feature private patios and ocean views, much of the building remains in largely original condition creating a blank canvas to deliver a premium product that can command top-of-market rents. with ~32% loss-to-lease on in-place rents, there is a clear path to unlock substantial value in a neighborhood underserved by high-end rental inventory. in addition to its unbeatable beachside location, 241 marine offers proximity to major westside employment hubs, including silicon beach, culver city, the santa monica media district, and century city. this connectivity attracts a professional tenant base in tech, media, and entertainment, and supports long-term leasing stability in one of the most resilient and high-barrier rentals markets in the region.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    50203729

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 11
    • Full Baths: 0
    • Half Baths: 0

    Heating Source

    • Wall Furnace
    • Has Heating
  • Building Information

    • Year Built: 1903
    • Building Area Total: 5,232
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.149
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6491
  • Listing Price Information

    • Original List Price: 3,400,000
    • Listing Contract Date: 2025-06-17

    Lease Information

    • Listing Agreement: Seller Reserved
  • Tax Information

    • Parcel Number: 4287024013
  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C14 - Santa Monica
    • Postal Code Plus 4: 5435
    • Directions: Positioned on the border of Santa Monica and Venice, the property sits in one of Los Angeles' most coveted coastal neighborhoods, Ocean Park. The location offers immediate walkability to Main Street, the Venice Boardwalk, Abbot Kinney, and an array of high-end dining, retail, and recreational destinations.
    • Zoning: SMOP2*
    • Source Property Type: Residential Income
    • Area: C14 - Santa Monica

    Building and Construction

    • Property Age: 122
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5232
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/23/2025 @ 17:08

  • MLS: 25553257
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 5,232 sqft, 6,491 sized lot, and 0 parking. are nearby neighborhoods.