1618 Berkeley St Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90404
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,823 sqft
Price per Sqft $877
MLS Listing ID 25508701
Bedrooms 4
Year Built 1953
Lot Size 5,861 Sqft
Acres 0.1345
Property Sub-Type Multi-Family
Property Description
PRIVATE PROPERTY. DO NOT DISTURB TENANTS. 1618 Berkeley Street in Santa Monica offers a unique opportunity for various buyers, from families seeking top-rated schools to those working from home or entering the multifamily investment market. Now vacant and ready for an owner-occupier or lease-up, a charming two-bedroom, one-bath unit features a peaceful rear patio, in-unit laundry, excellent light, and private access to a secured garage stall, plus an additional uncovered parking space. Income from the two additional units can help offset living expenses and support a mortgage. Families benefit from proximity to excellent public schools, while investors gain from income potential and the flexibility of a three-unit property in a premier rental submarket. Owner-occupiers may also apply for an exemption from city rent control, offering greater control over property operations. The front structure includes 1,823 square feet of living space: one two-bedroom, one-bath unit and two one-bedroom, one-bath units, plus a shared laundry room. The detached garage provides three lockable single-car stalls and two uncovered spaces, totaling five parking spots. Located between Colorado and Pennsylvania Avenues, the property is near major employers, top schools, Bergamot Station Arts Center, dining, shopping, and the beach, with easy transit access. Investors can add value through rent increases, unit renovations, or converting the detached garage into a 580-square-foot ADU. With rents approximately 21% below market, there's strong potential for returns. Whether for living, investing, or both, 1618 Berkeley Street offers location, income potential, and long-term growth in a prime Santa Monica setting. BUYERS MUST INDEPENDENTLY VERIFY ALL INFORMATION. RELIANCE ON THIS MEMORANDUM IS AT YOUR OWN RISK.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR2*
Rooms
Other Rooms Stall(s)
Kitchen Tile Counters
Interior
Interior Features Common Walls, Laundry - Closet Stacked
Heating Floor Furnace
Cooling None
Flooring Hardwood, Tile
Equipment Built-Ins, Cable, Ceiling Fan, Dryer, Washer, Refrigerator, Freezer, Garbage Disposal
Laundry In Unit, Community
Exterior
Parking Features Detached, Door Opener, Assigned, Garage Is Detached
Garage Spaces 5.0
Building
Lot Description 2-4 Lots
Story 1
Level or Stories One
Schools
School District Santa Monica-Malibu Unified School District
Others
Special Listing Condition Standard