1530 Harvard St - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$3,990,000 USD
310-968-5303
1530 Harvard St, Santa Monica, CA for Sale
$3,990,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1530 Harvard St
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • Rare 6-Unit Offering in Prime Santa Monica: Ideally located on a quiet, tree-lined street near Wilshire Boulevard, Montana Avenue, and the beach
  • Approximately 3,080 SQFT, designed as a 6-bedroom, 5-bath residence that can also be divided into two 3-bedroom, 2½-bath living quarters
  • (1) large owner’s unit and (5) two-bedroom apartments — highly attractive for professional and family tenants alike
  • Below-market rents in the five two-bedroom units provide excellent income growth potential through turnover or renovation
  • Demonstrates exceptional pride of ownership and long-term stability
  • A premier coastal multifamily asset combining luxury living, flexibility, and strong appreciation potential

OVERVIEW

Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present an exceptional 6-unit investment opportunity located in the heart of Santa Monica. This rare offering includes an incredible newly built 6-bedroom, 5-bath townhome-style owner’s unit spanning approximately 3,080 square feet, representing one of the most extraordinary owner-user opportunities available in Santa Monica today. The owner’s unit has been thoughtfully designed to allow for versatile use — it can function as a single expansive 6-bedroom residence or be configured as two separate 3-bedroom, 21/2-bath living quarters, providing flexibility for multigenerational living, partial rental income, or dual occupancy. The remaining five units feature an ideal mix of 2-bedroom floor plans, each offering tremendous rental upside and excellent natural light. The property has been family-owned and meticulously maintained for many years, providing both stability and strong income potential. With the impressive income from the five rental units, an owner-occupant can significantly offset any mortgage costs while enjoying the luxury and scale of the custom-built main residence. Ideally situated on a beautiful, tree-lined street, the property enjoys close proximity to Brentwood, Culver City, and Century City, offering convenient access to major employment hubs, studios, and entertainment destinations. Residents benefit from being just minutes away from Santa Monica’s world- class dining, high-end shopping, and vibrant nightlife, as well as the beach and the bustling Montana Avenue and Wilshire Boulevard corridors. This is a generational opportunity to acquire a premier multifamily asset with both strong in-place income and significant upside potential — perfectly suited for an owner-user or investor seeking long- term appreciation and flexibility in one of Los Angeles’ most sought-after coastal markets.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

6

PRICE/UNIT

$665,000

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Owner User Property in Santa Monica

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,388 SF

ZONING

SMR2*

APN/PARCEL ID

4267-023-007

ASK ABOUT THIS PROPERTY

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

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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.