1434 15th Street, Santa Monica, CA 90404

Santa Monica
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1434 15th Street,Santa Monica, CA 90404
$2,600,000
  • 10 Beds
  • 10 Baths
  • 6,812 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26989859
Source:CRMLS

Price summary

  • Price:$2,600,000
  • Price per sq. ft.:$381.68

About this home

We are pleased to present 1434 15th Street, a 10-unit multifamily asset in Santa Monica's Mid-City neighborhood, one of the Westside's strongest and most consistent rentalmarkets.Built in 1957, the property is comprised entirely of ten 1-bedroom/1-bathroom units at approximately 650 square feet each, a clean, homogenous unit mix that simplifies underwriting,leasing, and ongoing management for the incoming owner. Several units have been extensively renovated with granite countertops, brand new appliances, new flooring, and freshpaint, including two units that are currently vacant and delivered at close of escrow, giving an incoming owner immediate, turnkey units to lease at market rents from day one. Current rents average $2,007 per unit against achievable market rents of $2,500 per unit, representing approximately 25% rental upside as the remaining below-market tenancies turn over, a compelling value-add story reflected in a current cap rate of 5.80% growing to a 7.85% pro forma cap...

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Home facts

  • Year built:1957
  • Listing ID #:26989859
  • Added:56 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Living area:6,812 sq. ft.

Structure and exterior

  • Year built:1957
  • Building area:6,812 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,600,000
  • Price per sq. ft.:$381.68

Parking

  • Total parking spaces:10
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