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1523 Berkeley Street

Santa Monica, CA 90404
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Bed 6

Bed

Bath 5

Bath

SqFt3,766

Sqft

SqFt8,139

Sqft(Lot)

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

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,725,000

AD Id : 91180329

MLS Id : 26986521

Beds : 6

Lot Size : 8,139 Sqft

Living Area Size : 3,766

Year Built : 1957

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 5
  • Interior Features

    Appliances: Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: FloorFurnace Cooling: None

  • Building Information

    Year Built: 1957
    Building Area Total: 3766
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 8139 Lot Size Acres: 0.1868 Lot Size Square Feet: 8,139

  • Listing Price Information

    Listing Price: $1725000

  • Tax Information

    Parcel Number: 4267027010

  • Location Information

    Direction: Broadway and Berkeley St. North of Colorado Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3117 Virginia Avenue, Santa Monica, CA, 90404 $1,550,000 5 5 1,787 6,485 Sqft
3037 Delaware Avenue, Santa Monica, CA, 90404 $2,049,000 3 2 1,276 6,499 Sqft
2903 Delaware Avenue, Santa Monica, CA, 90404 $1,995,000 3 3 2,098 6,529 Sqft
1630 Franklin Street, Santa Monica, CA, 90404 $1,995,000 5 3 1,892 5,235 Sqft
1626 Franklin Street, Santa Monica, CA, 90404 $2,570,000 3 3 1,576 5,389 Sqft
2817 Virginia Avenue, Santa Monica, CA, 90404 $2,099,000 4 4 2,132 6,503 Sqft
1453 Centinela Avenue, Santa Monica, CA, 90404 $1,995,000 6 4 2,723 7,568 Sqft
1507 Berkeley Street, Santa Monica, CA, 90404 $2,400,000 15 13 7,740 8,141 Sqft
1430 Franklin Street #A, Santa Monica, CA, 90404 $2,300,000 8 5 3,486 7,805 Sqft
1930 Stewart Street #X-7, Santa Monica, CA, 90404 $350,000 1 1 879 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/12/2026 @ 21:34

MLS: 26986521 LISTED BY: David Messiah, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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