Price Reduction
Address
1518 Berkeley Street Santa Monica, CA
Price
$ 2,600,000
Property Attributes
- MLS#21696036
- TypeIncome
- CountyLOS ANGELES
- CitySanta Monica
- AreaSanta Monica
- Zip90404
- Style
- Price$ 2,600,000
- Bedrooms7
- Full Bathrooms7
- Half Bathrooms0
- Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Rebecca Liang with Compass.
Data Source:
CRMLS
Property Description
Price is for 70% TIC ownership-- Share costs and income while owning the majority of this impressive 7-unit Multifamily apartment building on a large ~8,100 SF lot in tree-lined "College streets" of Santa Monica, a city with one of the highest rents in all of Los Angeles County. Just 2.5 miles to the beach, each of the 7 units is a spacious, bright 2-story townhome, with 2 beds, 1.5 baths with attached carport parking and extra storage included. With open-air entrances, private patios with ocean breezes, and excellent schools, these units are desirable to rent out for short and long-term tenants. The Property is located in the high-demand rental market of beach community Santa Monica, with great land appreciation, and close proximity to all major shopping, dining, and attractions. Be a proud owner of this stunning investment property in 2021.
| Price History | |
|---|---|
| 3/18/2021 | Listed $2,700,000 |
| 3/30/2021 | 4% - $2,600,000 |
General Features
| Appliances | Disposal |
|---|---|
| Carport Y/N | Yes |
| Cooling | None |
| Flooring | Laminate |
| Heating | Wall Furnace |
| Levels | Two |
| MLS Area | C14 - Santa Monica |
| Other Structures | Shed(s) |
| Parking Features | Covered, Carport, Driveway |
| Property Type | Residential Income |
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Total Actual Rent | 183984 |
| Total Units | 7 |
| Zoning | SMR2* |
Interior Features
| Heating Y/N | Yes |
|---|---|
| Laundry Features | Common Area, Laundry Room |
Exterior Features
| Lot Features | Landscaped, Rectangular Lot, Value In Land |
|---|---|
| Lot Size Acres | 0.18 |
| Lot Size Area | 8133 |
| Lot Size Square Feet | 8133 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90404
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 10, 2021 5:41 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
