About 1523 Berkeley Street
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
Features of 1523 Berkeley Street
| MLS® # | 26986521 |
|---|---|
| Price | $1,725,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 3,766 |
| Acres | 0.19 |
| Year Built | 1957 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 1523 Berkeley Street |
|---|---|
| Area | C14 - Santa Monica |
| City | Santa Monica |
| County | Los Angeles |
| Zip Code | 90404 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Refrigerator, Dryer, Washer |
|---|---|
| Heating | Floor Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | September 11th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | SMR2* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | David Messiah |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |