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1434 Berkeley Street — photo 1
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Units

7

Building Size

8,390 sf

Lot Size

7,809 sf

Status

Active

Listing Agent: Neema Ahadian, Marcus & Millichap

Santa Monica

1434 Berkeley Street

About This Property

We are pleased to present a seven-unit multifamily investment opportunity at 1434 Berkeley St, located in Santa Monica's Mid-City neighborhood just south of Santa Monica Blvd, one of the Westside's most established and supply-constrained rental submarkets. The property offers a rare mix of large, townhouse-style units, uncommon for the submarket. Of the seven units, five are spacious two-bedroom, two-bath townhomes, one is a one-bedroom, one-bath unit, and one is a three-bedroom, two-bath unit, giving ownership a diversified rent roll across floor plans. The property provides seven on-site parking spaces, with five spaces in the rear and two tandem spaces at the front of the building, a meaningful amenity in a submarket where covered parking is limited. Most units feature granite countertops, copper plumbing, and individual washer and dryers, reducing near-term capital exposure for ownership. Newly installed garage gates in the rear of the building add a further layer of security and curb appeal. Built in 1964, the property totals approximately 8,390 square feet on a 7,807 square foot lot, with a small grass yard fronting the building along Berkeley St. Mid-City is Santa Monica's second most walkable neighborhood, carrying a Walk Score of 92. Residents are within walking distance of the Wilshire Blvd retail and restaurant corridor and Santa Monica College. The Expo Line's 26th St/Bergamot station provides direct transit access, connecting residents to Downtown Santa Monica, Downtown Los Angeles, and destinations throughout the Westside.

Unit Mix

  • 1 unit · 1bd / 1ba
  • 1 unit · 2bd / 2ba
  • 1 unit · 3bd / 2ba

Neighborhood

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Asking Price

$2,500,000

Est. Monthly Payment

$15,975/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Neema Ahadian

Marcus & Millichap