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1523 Berkeley St , Santa Monica, CA 90404
$1,725,000
Est. Payment: $9,136.73/mo
6 Bed
5 Bath
3766 Sqft
Status: Active | Days on site: 8
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CLW-X82195 - CLW-C136782
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Chris Heller
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House Description

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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Highlights

Listed by David Messiah , 310-561-2384 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

1957

County

Los Angeles

Area

C14 - Santa Monica

Listing ID

26986521

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:0
Appliances:Refrigerator, Dryer, Washer

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:SMR2*
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$9,137
Taxes
$1,100

Home Price

$1,725,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$345,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,136.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,136.73 $1,099.69 $0.00 $10,236.42
Yearly $109,640.77 $13,196.25 $0.00 $122,837.02
Total $3,289,223.17 $395,887.50 $0.00 $3,685,110.67

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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