858-525-5007

1523 Berkeley, Santa Monica CA 90404 | $1,725,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 8139 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1957
  • MLS#: 26986521
  • Community: C14 - Santa Monica

Listing provided courtesy of David Messiah of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-09-24 08:10:57.000000. Listing information © 2025 SANDICOR.

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

More Details

0.19 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985