1247 Berkeley St - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$3,580,000 USD
310-383-5927
1247 Berkeley St, Santa Monica, CA for Sale
$3,580,000 USD
Apartments - FOR SALE
1/11
null | 5.56% Cap Rate

1247 Berkeley St
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • Prime Santa Monica location – only half a block South of Wilshire
  • 12.70 GRM - 5.56% Cap Rate - $398/SF
  • Huge Units - (1) 4+1.75 , (4) 3+1.75, (1) 2+1.75

OVERVIEW

Discover a premier investment opportunity at 1247 Berkeley Street, Santa Monica 90404—an expansive 8,990 SF six-unit apartment building ideally located just steps south of Wilshire Blvd. This exceptionally well-designed property offers an ideal unit mix, featuring mostly large 3-bedroom units, including a spacious 3-bedroom owner’s unit with a generous private patio, perfect for owner-occupancy or commanding premium rents. The building also includes a large 2-bedroom unit with square footage comparable to the 3-bedroom layouts, providing flexibility and appeal to a wide range of tenants. Situated in one of Santa Monica’s most sought-after neighborhoods with strong rental demand and proximity to top-tier amenities, 1247 Berkeley presents a compelling opportunity for investors seeking size, stability, and long-term upside in a blue-chip location. PROPERTY HIGHLIGHTS • 6 units • (1) 3+1.75 + Large Private Patio , (4) 3+1.75, (1) 2+1.75 • GRM - 12.70 • Cap Rate - 5.56% • Price/SF - $398.22

FOR SALE DETAILS

PRICE

$3,580,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

6

PRICE/UNIT

$596,667

CAP RATE

5.56%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R2, Santa Monica

APN/PARCEL ID

4267-002-021

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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