1452 & 1343 Berkeley Street & 19th Street, Santa Monica, CA 90404
For Sale
For Sale
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Year Built
1964
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Overview
Colliers International’s Ghobadi Multifamily Team is proud to present the well-appointed apartment building at 1452 Berkeley Street in the City of Santa Monica, California. Situated in a great location, the property is comprised of (1) one-bedroom/ one-bathroom unit, (4) two-bedroom/two and a half bathroom units and (1) three-bedroom/two and a half bathroom unit that together come to 7,043 square feet of rentable space on 7,794 square feet of land. This building has been well maintained since it was built in 1964 and offers its residents window air conditioning in most units and a mix of five single rear parking spaces and a two car garage with a driveway in front. Furthermore, the property is thought to have mostly copper plumbing and is separately metered for gas and electricity.
Located on a quiet street of Berkeley and a block south from Santa Monica Blvd., the building sits mere minutes from the I-10 Freeway and Interstate I-405 Freeway. Furthermore, this building is just 2-miles away from beach and 1-mile away from the Santa Monica light-rail with a nearby bike path.
The property’s great location, coupled with clear and immediate upside potential, make it a fantastic investment opportunity.Prime location in Santa Monica
Buildings offer tuck-under and garage parking
Spacious units
Excellent unit mix
Secured gate on both buldings
Furnace Heater
On-site Laundry room
New Roofs
Minutes from the Santa Monica Beach
Close to Santa Monica 10 Freeway and 405 Freeway
Property Details
Apartment Buildings Portfolio in Santa Monica, CA
Colliers International’s Ghobadi Multifamily Team is proud to present the well-appointed apartment building at 1452 Berkeley Street in the City of Santa Monica, California. Situated in a great location, the property is comprised of (1) one-bedroom/ one-bathroom unit, (4) two-bedroom/two and a half bathroom units and (1) three-bedroom/two and a half bathroom unit that together come to 7,043 square feet of rentable space on 7,794 square feet of land. This building has been well maintained since it was built in 1964 and offers its residents window air conditioning in most units and a mix of five single rear parking spaces and a two car garage with a driveway in front. Furthermore, the property is thought to have mostly copper plumbing and is separately metered for gas and electricity.
Located on a quiet street of Berkeley and a block south from Santa Monica Blvd., the building sits mere minutes from the I-10 Freeway and Interstate I-405 Freeway. Furthermore, this building is just 2-miles away from beach and 1-mile away from the Santa Monica light-rail with a nearby bike path.
The property’s great location, coupled with clear and immediate upside potential, make it a fantastic investment opportunity.
Prime location in Santa Monica
Buildings offer tuck-under and garage parking
Spacious units
Excellent unit mix
Secured gate on both buldings
Furnace Heater
On-site Laundry room
New Roofs
Minutes from the Santa Monica Beach
Close to Santa Monica 10 Freeway and 405 Freeway
- Property TypeOffice
- Submarket
- Year Built1964
- Sale Price$5,700,000
- Total Acres0.36
- Cap Rate4.0%
- Number of Floors2
- ZoningSMR2
- Property ID2078161