1523 Berkeley Street, Santa Monica, CA 90404

Santa Monica
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1523 Berkeley Street,Santa Monica, CA 90404
$1,725,000
  • 6 Beds
  • 5 Baths
  • 3,766 sq. ft.
  • Multi-family
  • Active
Listed by: david messiah
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26986521
Source:CRMLS

Price summary

  • Price:$1,725,000
  • Price per sq. ft.:$458.05

About this home

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

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Home facts

  • Year built:1957
  • Listing ID #:26986521
  • Added:13 day(s) ago
  • Updated:September 25, 2026 at 11:28 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Kitchen Description:Refrigerator
  • Living area:3,766 sq. ft.

Heating and cooling

  • Heating:Floor Furnace

Structure and exterior

  • Year built:1957
  • Building area:3,766 sq. ft.
  • Lot area:0.19 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,725,000
  • Price per sq. ft.:$458.05

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
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