1547 Stanford St - Apartments FOR SALE


Santa Monica, CA 90404- Mid-City Santa Monica
$2,150,000 USD
949-200-7494
1547 Stanford St, Santa Monica, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | 5.16% Cap Rate

1547 Stanford St
Santa Monica, CA 90404
Mid-City Santa Monica


HIGHLIGHTS

  • Incredible Unit Mix of All Large Townhome Units Consisting of All Three & Two Bedroom Units
  • Well-Maintained, Pride of Ownership Building with over $400,000 Spent on Recent Capital Improvements within the Last Few Years
  • New Roof, Electrical, Windows, Paint, Main Sewer Line, Plumbing, Drains, and Soft Story Retrofit Completed
  • Over 8,500 Rentable SF Offering Spacious Open Floor Plans | Private Patios, Walk-in Closets, Additional Closets Throughout & Plenty of Natural Light
  • Value-Add Investment Opportunity with Over 55% Rental Upside Potential | One (1) Three Bedroom Unit to be Delivered Vacant
  • Three (3) Single Car Garages & Two (2) Tandem Tuck Under Parking Spaces | On-Site Laundry Facility

OVERVIEW

Matthews™ is pleased to present a prime opportunity to acquire 1547 Stanford Street, an exceptionally well-maintained 6-unit, townhome-style apartment building located in the vibrant Mid-City neighborhood of Santa Monica. Situated just south of Santa Monica Boulevard and west of Centinela Avenue, the property sits less than half a mile from the 26th Street Metro Station, offering residents exceptional access to transit, employment hubs, and major retail corridors. Tenants benefit from a highly convenient location surrounded by top-tier restaurants, shopping centers, grocery stores, retail, and entertainment options – all within minutes of the property. Easy access to the Metro Line, along with proximity to the 10 and 405 freeways, provides residents with seamless connectivity to major employment hubs and destinations throughout Los Angeles. The property consists of six large, two-story townhome-style units, including (3) three-bedroom / 2.5-bath units and (3) two-bedroom / 1.5-bath units, totaling over 8,500 rentable square feet. Each unit offers spacious open floor plans, private patio, walk-in closets, coat/storage space, and an abundance of natural light. One (1) three-bedroom unit will be delivered vacant at the close of escrow, providing immediate upside for a new owner. The building has undergone significant recent capital improvements, including a new roof, windows, plumbing, main sewer line, soft-story retrofit, and more. Additional highlights include on-site laundry (leased), three (3) single garages, two (2) tandem tuck-under spaces, and separate gas and electric meters—helping minimize operating expenses. 1547 Stanford Street represents a rare opportunity to acquire a pride of ownership, value-add property in one of Westside’s most supply-constrained rental markets. With over 55% rental upside potential, low operating expenses, and no immediate need for major capital improvements, the property allows investors to focus capital on interior upgrades and rent repositioning rather than costly capital expenditure work. This combination of strong day-one cash flow, long-term income growth, and minimal deferred maintenance makes it an ideal long-term investment in one of Santa Monica’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

5

PRICE/UNIT

$430,000

CAP RATE

5.16%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

SMR2*

APN/PARCEL ID

4267-026-019

ASK ABOUT THIS PROPERTY

Kyle MirrafatiMatthews Real Estate Investment ServicesMore Info
949-200-7494

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

Kyle MirrafatiMatthews Real Estate Investment ServicesMore Info
949-200-7494

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