1518 BERKELEY STREET, SANTA MONICA CA 90404

  • 8,914 sq.ft.
  • 8,133 sq.ft. lot
offered at $3,650,000
MLS#:SB22109298
Status: Active // Property Type:
County: Los Angeles // Year Built: 1965

Property Description

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.

Exterior Features

Exterior Features: Biking, Curbs, Foothills, Golf, Hiking, Park, Sidewalks, Urban
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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