$1,725,000
 $9,260 est/mo Sourced by Back At You

1523 Berkeley Street,Santa Monica, CA 90404

Santa Monica, CA 90404

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Description

1523 Berkeley St is a five-unit multifamily property located in a prime Santa Monica location, steps from Wilshire Blvd, within walking distance of Montana Ave, and a short distance from Lionsgate, Hulu, and the Colorado Ave entertainment corridor. Built in 1957 and situated on an 8,139 SF lot, the property consists of one 2-bedroom, 1-bath front house and four 1-bedroom, 1-bath units, along with five detached garages, a laundry room, and a central courtyard. Three of the units have been updated during prior tenant turnovers. One 1-bedroom unit and one garage will be delivered vacant, giving the next owner immediate flexibility to select their own tenant and capture current market rent. The property's large lot, courtyard setting, and five detached garages also provide additional long-term value-add potential. Offered at $1,725,000, the property is currently operating at a 5.37% cap rate and 12.20 GRM, equating to $345,000 per unit and approximately $458 per square foot. Three

Details

MLS #26986521
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site31
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | David Messiah

Features

Bed(s)6
Bath(s)5
SQ Feet3,766
Story(s)2
Units5
Building(s)1
ZoningSMR2*
Acreage0.19

Interior

CoolingNone
HeatingFloor Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
AppliancesRefrigerator, Dryer, Washer

Parking

Attached Garage Yes / NoNo

Area Information

StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90404
AreaC14 Santa Monica
Listing VS Median (in 90404)
Price:
$1,725,000
low | high
Med:
$2,300,000
16.666666666667% of Average
sqft:
3,766
low | high
Med:
7,740
55.523101433882% of Average
$ / sqft:
$458
low | high
Med:
$297
85.124892334195% of Average
On site:
31
low | high
Med:
49
63.265306122449% of Average
Sourced by Back At You

Market Activity 90404

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90404
AreaC14 Santa Monica
Listing VS Median (in 90404)
Price:
$1,725,000
low | high
Med:
$2,300,000
16.666666666667% of Average
sqft:
3,766
low | high
Med:
7,740
55.523101433882% of Average
$ / sqft:
$458
low | high
Med:
$297
85.124892334195% of Average
On site:
31
low | high
Med:
49
63.265306122449% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.293M - $2.156M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
1453 Centinela Avenue Property Photo 1
$1,995,000
1453 Centinela Avenue
Santa Monica, CA 90404
Listing Updated: September 28, 2026 at 9:38:24 PM PDT
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