1233 14th St - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$3,200,000 USD
310-383-5927
1233 14th St, Santa Monica, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/11
null | 5.79% Cap Rate

1233 14th St
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • 3 Vacant Units + Expected Approved Permits for 2 ADUs (Detached 5-Car Garage)
  • 6 Remodeled Units - Washer/Dryer in ALL units
  • 12.16 GRM
  • Prime Santa Monica - Just South of Wilshire

OVERVIEW

1233 14th Street is an 8-unit apartment building with strong in-place upgrades and clear upside. The property features six 1-bedroom units and two 2-bedroom units, with six apartments renovated to modern standards including recessed lighting, updated kitchens and bathrooms, new flooring, and in-unit washer/dryers throughout. New electrical systems were completed in 2024. Additional value is created through the planned conversion of the detached garages into approximately 425 square foot 1-bedroom ADUs, adding two units and 850 square feet to the property. The project is currently in plan check with the city under Plan Check No. 25BLD-0352, offering a defined path to increased income and density.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$578 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

5.79%

% LEASED

63%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,611 SF

ZONING

SMR3

APN/PARCEL ID

4282-003-015

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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