241 Marine Street
Santa Monica, CA 90405
Map
- – beds
- – baths
- – sqft
- 6,491 sqft lot
- 1903 build
- – on site
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.
Last checked:
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Last updated Jun 17, 2025
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MLS# 25553257 —
The Building
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Year Built:1903
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New Construction:No
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Building Area Total:5232.00
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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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.
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Latitude:33.99907100
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Longitude:-118.47846000
The Property
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Property Type:Residential Income
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Zoning:SMOP2*
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Lot Size Area:6491.0000
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Lot Size Acres:0.1490
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Lot Size SqFt:6491.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4287024013
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/17/25
Jun 17, 2025
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Listed / Active | CRMLS_CA | $3,400,000 | |
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4/22/21
Apr 22, 2021
|
Listed / Active | CRMLS_CA |
