1523 Berkeley Street, Santa Monica, CA — listing photo 1
1 / 1
FOR SALENew Listing

1523 Berkeley Street

Santa Monica, CA 90404
6 Beds
5 Baths
3,766 Sq Ft
Built 1957
$1,725,000

Property Overview

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

Home Details

Property type
Residential Income
Year built
1957
Living area
3,766 sq ft
Lot size
8,139 sq ft
Stories
2
Days on market
8
MLS status
Active
Zoning
SMR2*

Features & Amenities

Appliances

  • Refrigerator
  • Dryer
  • Washer

Community, Schools & Utilities

Utilities

Heating
FloorFurnace
Cooling
None
Browse more homes for sale in Santa Monica

Location & Neighborhood

1523 Berkeley Street

Santa Monica, CA 90404

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 1523 Berkeley Street

Property type: Residential Income

The current asking price is $1,725,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1523 Berkeley Street. Our team will confirm availability and timing.
This 6 bedrooms and 5 bathrooms property offers approximately 3,766 square feet of living space. It was built in 1957. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Santa Monica, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Santa Monica property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: David Messiah
MLS ID: CLW-C136782

Available property

$1,725,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.