Price Reduction
Address
1518 Berkeley Street Santa Monica, CA
Price
$ 2,450,000
Property Attributes
  • MLS#0021696036
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90404
  • Style
  • Price$ 2,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8914
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Compass
Data Source:
California Desert Association of REALTORS
Property Description

NEW PRICE - Offers due Tues 5/11. 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
5/8/2021 6% - $2,450,000

General Features

Flooring Laminate
Heating Wall Furnace
Levels Two
MLS Area C14 - Santa Monica
Parking Features Covered, None, Carport, Driveway
Security Features Smoke Detector(s), Carbon Monoxide Detector(s)
Senior Community Y/N No
Zoning SMR2*

Interior Features

Air Conditioning Y/N No
Heating Y/N Yes
Kitchen Appliances Disposal
Laundry Features Individual Room, Community
Total Stories 2

Exterior Features

Building Area Total 8914.0
Foundation Details None
Land Lease Type Fee
Lot Features Value In Land, Landscaped, Rectangular Lot
Lot Size Acres 0.18
Lot Size Area 8133.0
Lot Size Square Feet 8133.0
Lot Size Units Square Feet
Numberofunitsbuildings 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 $3.4M
$2.45M
Visits
AVG 23
2
Year Built
AVG 1953
1965
Walkscore
AVG 88
90
Data Provided by Walkscore ® not using MLS data

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