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    1518 Berkeley Street

    Santa Monica, CA 90404
    • $2,450,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: 21696036
    Price Reduced
    UPDATED: 37 min ago
    $2,450,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,914
      SQFT
    • $275
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    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 California Regional Multiple Listing Service, Inc. as of 2021-05-10T14:37:18.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115215592
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    1518 Berkeley Street Santa Monica, CA 90404

    • Price: $2,450,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 21696036
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    8,914
    SQFT
    $275
    $/SQFT
    1965
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    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

    Carport YN Yes Lot Features LandscapedRectangular LotValue In Land Other Structures Shed(S) Parking Features CoveredCarportDriveway

    Interior Features

    Appliances Disposal Cooling None Cooling YN No Flooring Laminate Heating Wall Furnace Heating YN Yes

    Property Features

    Buyer Financing Cash Disclosures Rent Control Gross Income 15332 Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 113904 Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 183984 Vacancy Allowance Rate 0 Zoning Smr2*

    Listing provided courtesy of Rebecca Liang of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T14:37:18.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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