1507 Berkeley St , Santa Monica, CA 90404
$2,400,000
Est. Payment: $12,711.97/mo
15 Bed
7 Bath
7740 Sqft
Status: Active | Days on site: 23
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CLW-X82195 - CLW-C141551,CLW-X90025
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House Description

1507 Berkeley Street presents a rare opportunity to acquire a boutique 7-unit townhome-style multifamily property in an A+ Mid-City Santa Monica location adjacent to Brentwood. Built in 1964, this attractive two-story property combines the privacy and residential feel of townhome living with oversized two- and three-bedroom floor plans in one of the Westside's highest-demand coastal rental markets. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, available for acquisition individually or together as a portfolio. A defining feature of 1507 Berkeley Street is its two-story townhome-style design, with each residence benefiting from its own separate, private ground-level entrance, and select units featuring private outdoor patios. The property offers an exceptional unit mix consisting entirely of large two- and three-bedroom residences averaging approximately 1,106 square feet per unit, including one 3BR/1.5BA unit, five 2BR/1.5BA units and one 2BR/1BA unit. These spacious floor plans, combined with private entrances and select outdoor space, provide a compelling alternative to traditional apartment living. The property offers approximately 40% remaining rental upside, creating a significant opportunity for new ownership to increase income as units turn and rents are repositioned over time, within a supply-constrained coastal market. Additional property features include separately metered gas and electric, on-site parking consisting of a 2-car garage, (2) driveway spots and (5) covered spaces, and a completed seismic soft-story retrofit. Located in the heart of Mid-City Santa Monica and immediately adjacent to Brentwood, the property offers residents exceptional access to both communities. 1507 Berkeley Street is within walking distance of Erewhon, Bristol Farms and the restaurants, retail and nightlife along Santa Monica Boulevard, with convenient access to the beach, Downtown Santa Monica, West Los Angeles and the broader Westside. Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1524 Granville Avenue (10 units), and 1518 & 1524 12th Street (12 units). The properties are available for acquisition separately or together as a portfolio.

Highlights

Listed by Jake Glaser , 310-494-6368 and Jonathan Taksa , 424-672-8220 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.19

Year Built

1964

County

Los Angeles

Area

C14 - Santa Monica

Listing ID

26876171

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:15
  • Bathrooms:7
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Lot Dimensions:50x163
Garage Capacity:9
Zoning:SMR2*
Others:
  • Additional:2+ Total Units
Parking Features:Covered
Principal Interest
$12,712
Taxes
$1,530

Home Price

$2,400,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$480,000
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Monthly Price:
$12,711.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,711.97 $1,530.00 $0.00 $14,241.97
Yearly $152,543.68 $18,360.00 $0.00 $170,903.68
Total $4,576,310.50 $550,800.00 $0.00 $5,127,110.50

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Santa Monica, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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