We are proud to present The Seaside, a tranquil retreat located in the charming beachside community of Ocean Park in the City of Santa Monica. Situated on the quiet residential street of Highland Ave., this unique property, which is just 6 blocks from the beach, offers an amazing opportunity and endless possibilities for either someone looking to call this property home or a seasoned investor. The private compound, which is not subject to Santa Monica Rent Control and allows for 5% + CPI annual rent increases per AB 1482, was originally built in 1920, and in 1988, the construction of (2) detached apartment units was completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units. This wonderful opportunity encompasses an impressive 3,232 building square feet per city records and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 3rd Floor Sundeck, as well as (2) detached 2-Bedroom apartment units in a 3-story structure with the 4th floor consisting of a massive sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, theres a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit. (*Buyer to Verify with the City of Santa Monica). Each of these fantastic units is individually metered for gas and electricity, and offers individual hot water heaters, further lowering utility costs, as well as an on-site laundry facility for tenants. Though certain upgrades haveWe are proud to present The Seaside, a tranquil retreat located in the charming beachside community of Ocean Park in the City of Santa Monica. Situated on the quiet residential street of Highland Ave., this unique property, which is just 6 blocks from the beach, offers an amazing opportunity and endless possibilities for either someone looking to call this property home or a seasoned investor. The private compound, which is not subject to Santa Monica Rent Control and allows for 5% + CPI annual rent increases per AB 1482, was originally built in 1920, and in 1988, the construction of (2) detached apartment units was completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units. This wonderful opportunity encompasses an impressive 3,232 building square feet per city records and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 3rd Floor Sundeck, as well as (2) detached 2-Bedroom apartment units in a 3-story structure with the 4th floor consisting of a massive sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, theres a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit. (*Buyer to Verify with the City of Santa Monica). Each of these fantastic units is individually metered for gas and electricity, and offers individual hot water heaters, further lowering utility costs, as well as an on-site laundry facility for tenants. Though certain upgrades have been made, there is still a considerable amount of value to add to this incredible property, as well as a tremendous amount of rental income that has yet to be unlocked, making The Seaside an incredible opportunity. (1) Four-Bedroom + Three-Bath House (1) Two-Bedroom + Two-Bath (1) Two-Bedroom + One-Bath (1) Studio + One-Bath (*Non-Conforming Unit) Santa Monica, California, is one of the most sought-after and highly desirable coastal cities, known for its vibrant culture, beautiful beaches, and thriving economy. The city of Santa Monica in Los Angeles County sits along a 3-mile stretch of the Pacific Ocean with 245 acres of sandy beach. Santa Monicas real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.