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
AVG $3.73M
$2.6M
Visits
AVG 18
5
Year Built
AVG 1956
1965
Walkscore
AVG 88
90
Data Provided by Walkscore ® not using MLS data

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