Santa Monica, CA 90403,938 15th St
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Santa Monica, CA 90403,938 15th St
Santa Monica, CA 90403,938 15th St
Santa Monica, CA 90403,938 15th St
Santa Monica, CA 90403,938 15th St
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$ 1,900,000
Est. payment /mo
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Pending

938 15th St Santa Monica, CA 90403

7 Beds

5 Baths

4,062 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,062 sqft

Price per Sqft $467

MLS Listing ID 25544385

Bedrooms 7

Year Built 1923

Lot Size 7,500 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

Prime Santa Monica 5-Unit Investment Opportunity*** 2 Vacant Units * Trophy Location North of Wilshire Presenting a rare opportunity to acquire a 5-unit multifamily property in one of Santa Monica's most sought-after neighborhoods north of Wilshire Boulevard and directly across from Lincoln Middle School. This well-maintained asset sits on a spacious 7,498 sq ft lot and features a charming front 2-bedroom, 1-bathroom house (built in 1923) plus a rear fourplex (built in the mid-1950s), offering a total of 4,062 rentable square feet. Property Highlights: 5 total units: 1 standalone front house + 4-unit rear building 2 units delivered vacant: the 2BR/1BA house and one 1BR/1BA unit perfect for an owner-user or value-add investor Separately metered for gas and electricity enhancing operational efficiency and long-term flexibility 4-car garage with completed seismic retrofit compliant with current safety standards Additional carport space for a total of 5 off-street parking spots Strong unit mix and significant upside potential in rentsPrime walkable location near Montana Avenue shops & cafes Just minutes to the beach, Downtown Santa Monica, and top-tier schoolsThis is an ideal opportunity for investors, developers, or owner-users looking to secure a premier property in Santa Monica's highly competitive rental market. With two vacant units ready for occupancy or renovation, and a premium location in a supply-constrained area, this asset offers the perfect balance of stability and upside.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Refrigerator, Range/Oven, Washer, Dryer, Ceiling Fan

Laundry Laundry Area

Exterior

Parking Features Covered Parking, Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Miller & Desatnik Realty Co.

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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