1518 BERKELEY STREET, SANTA MONICA CA 90404
- 8,914 sq.ft.
- 8,133 sq.ft. lot
TOWNHOUSE UNITS!!! Incredibly Rare Opportunity to own an all townhouse units in this 7 unit apartment building in an A+ location of Santa Monica. The property has great curb appeal and will attract high rents being located between downtown Santa Monica and Century City. With over 30% upside in rents, once stabilized, 1518 Berkeley will proved a unique opportunity to own a lifetime trophy asset at a 11.79 GRM and 6.12% Market CAP Rate. This subject property is ideal for any investor looking for a value-add deal in a A+ location. 1518 Berkeley St has 8,914 SF of rentable space and a fantastic unit mix of (7) 2-Bed/2-Bath Along with ample street parking, the subject property has (7) covered parking spaces, as well. 1518 Berkeley is only minutes from millions of dollars in development, including Third Street Promenade, Santa Monica Airport, Miramar Hotel, and multiple mixed-use projects. This value-add property is an ideal pickup for any investor looking for a trophy asset with plenty of upside.
Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.