1507-1509 14th St - Apartments FOR SALE


Santa Monica, CA 90404- Pico
$2,395,000 USD
310-804-5229
1507-1509 14th St, Santa Monica, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/23
null | 4.73% Cap Rate

1507-1509 14th St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • 4 VACANT UNITS 4 Rentable Garages
  • 5 BUNGALOWS
  • CENTRAL LOCATION SANTA MONICA

OVERVIEW

Unlock the potential of this exceptional income property in the heart of Santa Monica. Set on a 7,500 sq ft lot zoned SMC4, this rare offering includes five detached bungalows and four rentable garages, providing a unique blend of charm, flexibility, and value-add opportunity.With four of the five units delivered vacant, investors have immediate upside through renovation, lease-up, or redevelopment. Whether you're seeking stable rental income, a 1031 exchange candidate, or a future development play, this property offers the versatility and location to match.Ideally situated near the Expo Line, shops, restaurants, and Santa Monica Beach, this is your chance to own a piece of one of L.A.'s most desirable coastal neighborhoods. Don't miss out on this rare find - opportunities like this are few and far between.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$741 USD /SF

# OF UNITS

5

PRICE/UNIT

$479,000

CAP RATE

4.73%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

C4, Santa Monica

APN/PARCEL ID

4282-034-019

ASK ABOUT THIS PROPERTY

Alice CanningtonThe AgencyMore Info
310-804-5229

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Alice CanningtonThe AgencyMore Info
310-804-5229

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