1523 Berkeley St, Santa Monica, CA 90404
1523 Berkeley St, Santa Monica, CA 90404
1523 Berkeley St, Santa Monica, CA 90404
7
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$1,725,000
Est. payment /mo
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6 Beds
5 Baths
3,766 SqFt
New

1523 Berkeley St Santa Monica, CA 90404

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John Fiore

John Fiore

+1(702) 290-9053

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,766 sqft

Price per Sqft $458

MLS Listing ID 26986521

Bedrooms 6

Year Built 1957

Lot Size 8,139 Sqft

Acres 0.1868

Property Sub-Type Multi-Family

Property Description

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

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms Other

Interior

Heating Floor Furnace

Cooling None

Equipment Washer, Refrigerator, Range/Oven, Dryer

Exterior

Parking Features Garage Is Detached

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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John Fiore

John Fiore

Realtor® RE.S.0190225

+1(702) 290-9053

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1523 Berkeley St