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