1523 Berkeley Street, Santa Monica, CA 90404 (MLS # 26986521)

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PRICE $1,725,000 dsIDX morgage calculator
BEDS 6
BATHS 5
HOME SIZE 3,766 sqft
LOT SIZE 8,138 sqft
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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

DAYS ON MARKET 6 LAST UPDATED 9/14/2026
YEAR BUILT 1957 COMMUNITY C14 - Santa Monica
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Dryer, Refrigerator, Washer
AREA C14 - Santa Monica
HEAT Floor Furnace
LOT 8137 sq ft
LOT DIMENSIONS 8139
STORIES 2
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Listed with Lyon Stahl Investment Real Estate, Inc.

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