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    1518 Berkeley St

    Santa Monica, CA 90404
    • $2,450,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 21-696036
    Price Reduced
    UPDATED: 43 min ago
    $2,450,000
    • 14
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,914
      SQFT
    • $275
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-09T20:42:15.627. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/115211368
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    1518 Berkeley St Santa Monica, CA 90404

    • Price: $2,450,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 21-696036
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    8,914
    SQFT
    $275
    $/SQFT
    1965
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    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.
    Exterior Features

    Covered Parking 7 Garage Structures Total 2 Levels Two Lot Description FencedLandscapedLot Shape-RectangularFenced YardValue In Land Lot Location Alley Access Lot Size Area 8133 Other Structures Shed(S) Parking Garage CarportDrivewayCovered Parking Patio Features Enclosed Style Farm House Total Parking 9 View Description Tree Top View YN Yes

    Interior Features

    Bathroom Features Shower And TubLinen ClosetPowder Room Baths Total 13.00 Bedroom Features All Bedrooms Up Common Walls Attached Cooling None Den No Dining Room No Equipment FreezerGarbage Disposal Family Room No Flooring Laminate Heating Wall Kitchen Features Pantry Laundry CommunityLaundry AreaRoom Laundry Equipment Own Rooms Breakfast AreaPatio OpenDining AreaPatio Enclosed Water Heater Features Water Heater Unit

    Property Features

    Alley YN Yes Entry Floor Number 1 Gross Income 15332 Gross Operating Income 183984 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 113904.00 Number Of Buildings 1 Number Of Units 7 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Smoke DetectorCarbon Monoxide Detector(S) Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityMove Out Fee Total Annual Expense 5840 Type Of Units Townhome Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Rebecca Liang DRE#01965515 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-09T20:42:15.627. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583