1518 Berkeley St | Santa Monica, CA 90404
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- LoopNet Team
1518 Berkeley St
Santa Monica, CA 90404
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- (7) Massive 2-Bed/2-Bath townhouse style units offered at only $409/SF
- Over 30% upside in current monthly rent
- 7 Covered Parking spots on-site
- Each unit averages about 1,300 SF
- Will operate at a 11.79 GRM and 6.11% CAP once units are rented for market
- Conveniently located in-between Santa Monica and Century City
PROPERTY FACTS
| No. Units | 7 | Building Size | 8,914 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R2, Santa Monica - Two-Family Residence | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,914 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R2, Santa Monica - Two-Family Residence |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
- Heating
- Kitchen
- Deck
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | $3,183 | 1,200 - 1,300 |
PROPERTY TAXES
| Parcel Number | 4267-026-008 | Improvements Assessment | $658,668 |
| Land Assessment | $1,129,370 | Total Assessment | $1,788,038 |
PROPERTY TAXES
Parcel Number
4267-026-008
Land Assessment
$1,129,370
Improvements Assessment
$658,668
Total Assessment
$1,788,038
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