1115 14th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$20,650,000 USD
310-968-5303
1115 14th St, Santa Monica, CA for Sale
$20,650,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

1115 14th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Highly Renovated Property (Seller has invested over $3,300,000)
  • Incredible Assumable Interest Only Financing (Call for details)
  • Premier Location – Situated in Santa Monica’s coveted “North of Wilshire” neighborhood
  • Excellent Unit Mix, Including an Extraordinary Two-Story Four-Bedroom Penthouse
  • Exceptional Parking – 33 subterranean parking spaces with some EV charging stations (well above market standards)
  • Investment Upside – Significant rental growth potential remains, with assumable financing in place

OVERVIEW

Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 1115 14th Street, a premier 23-unit apartment building located in Santa Monica’s coveted “North of Wilshire” neighborhood. Built in 1972, this exceptionally rare property stands out in a submarket where most multifamily assets consist of fewer than 10 units. Since 2019, ownership has invested over $3,300,000 in high-end capital improvements, transforming the building into one of the most meticulously renovated and desirable offerings in Santa Monica. The unit mix is outstanding: one studio ADU, five one-bedroom/one-bath units, fourteen two bedroom/two-bath units, two three-bedroom/two-bath units, and a spectacular two-story four bedroom penthouse. Fifteen of the units have been fully modernized with wide-plank vinyl flooring, quartz countertops, recessed lighting, modern cabinetry, stainless steel appliances, stacked in-unit washers and dryers, smooth ceilings, and central HVAC. The property’s crown jewel is the penthouse, which received $500,000 in renovations. This ultra luxurious residence includes a private key-locked elevator, 360-degree rooftop deck, a gourmet Thermador kitchen with expansive island, open living room with fireplace and wet bar, home office, laundry room with high-end washer/dryer, two powder rooms, surround sound, ample storage, and a primary suite featuring a steam shower and freestanding tub. This unit is unmatched in the Santa Monica rental market. Beyond the units, significant building-wide upgrades have been completed, including upgraded plumbing and electrical, new windows, complete elevator modernization with all new hydraulics, electronics, and cab, roof improvements, solar installation, and professionally renovated hallways and lobby. The building offers 33 subterranean parking spaces—well above local standards— including EV charging stations. With its scale, prime location, meticulous renovations, assumable financing, and substantial remaining rental upside, 1115 14th Street represents a rare turnkey investment opportunity in one of Southern California’s most supply-constrained and desirable rental markets.

FOR SALE DETAILS

PRICE

$20,650,000 USD

PRICE/SF

$602 USD /SF

# OF UNITS

23

PRICE/UNIT

$897,826

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newly Renovated & Amazing Assumable Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,998 SF

ZONING

SMR2*

APN/PARCEL ID

4281-011-029

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.