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    1115 14Th St Santa Monica, CA 90403

    View on Map
    Sponsored
    For Sale
    $20,550,000

    MULTI_FAMILY - Santa Monica, CA

    Property size:
    34,281 SF
    Lot size:
    0.35 Acres
    Days on Market:
    30
    Last Refresh:
    Mar 12 at 11:06 pm

    Property Features for 1115 14Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    SMR2*
    Rooms
    Bathroom 25, Bedroom 13, Bathroom 2, Bathroom 8, Bathroom 15, Bathroom 30, Bathroom 36, Bedroom 29, Bathroom 1, Bathroom 32, Bathroom 17, Bathroom 26, Bathroom 27, Bedroom 43, Bathroom 12, Bathroom 38, Bedroom 6, Bedroom 11, Bedroom 25, Bedroom 16, Bathroom 33, Bedroom 19, Bathroom 20, Bathroom 23, Bedroom 39, Bedroom 9, Bedroom 23, Bedroom 15, Bathroom 11, Bathroom 39, Bedroom 33, Bathroom 14, Bedroom 3, Bathroom 31, Bedroom 17, Bedroom 21, Bedroom 41, Bedroom 18, Bedroom 24, Bathroom 40, Bedroom 2, Bathroom 22, Bathroom 5, Bedroom 40, Bathroom 35, Bedroom 42, Bathroom 13, Bathroom 18, Bedroom 14, Bedroom 30, Bathroom 29, Bedroom 22, Bathroom 9, Bedroom 36, Bathroom 6, Bathroom 7, Bathroom 24, Bathroom 10, Bedroom 31, Bathroom 3, Bedroom 20, Bedroom 8, Bedroom 7, Bathroom 42, Bedroom 10, Bathroom 37, Bathroom 4, Bedroom 26, Bathroom 34, Bedroom 44, Bedroom 28, Bedroom 12, Bathroom 43, Bedroom 5, Bedroom 32, Bedroom 38, Bathroom 28, Bedroom 4, Bathroom 16, Bathroom 41, Bathroom 19, Bedroom 27, Bedroom 34, Bathroom 21, Bedroom 37, Bedroom 1, Bedroom 35
    Bedrooms
    44
    Bathrooms
    43
    APN
    4281-011-029
    Parking
    33
    Parking features
    Assigned, Side By Side, Gated, Tandem
    Fireplace
    1
    Size
    34,281 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Floors in Building
    3
    Number of units
    23
    Flooring type
    Engineered, Laminate

    We can help!

    Listing Contact
    Jonathan Taksa

    RE/MAX Commercial & Investment (310) 802-2500

    Listing agent Jonathan Taksa (213) 817-1000 License #01366169

    Listing date Feb 10, 2026

    MLS# 25602635

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Santa Monica Multifamily Investment Opportunity

    Located in Santa Monica, California, the property at 1115 14th Street is a 23-unit apartment building in the "North of Wilshire" neighborhood. Constructed in 1972, this multifamily asset is situated on a lot of 0.345 acres. The building has undergone over $3,300,000 in capital improvements since 2019, including upgraded plumbing and electrical systems, new windows, elevator modernization, roof improvements, solar installation, and renovated hallways and lobby. The unit mix includes one studio ADU, five one-bedroom/one-bath units, fourteen two-bedroom/two-bath units, two three-bedroom/two-bath units, and a two-story four-bedroom penthouse. Fifteen of the units have been modernized with vinyl flooring, quartz countertops, recessed lighting, modern cabinetry, stainless steel appliances, in-unit washers and dryers, smooth ceilings, and central HVAC. The penthouse, renovated at a cost of $500,000, features a private key-locked elevator, a 360-degree rooftop deck, a Thermador kitchen with an island, an open living room with a fireplace and wet bar, a home office, a laundry room with a high-end washer/dryer, two powder rooms, surround sound, and a primary suite with a steam shower and freestanding tub. The building provides 33 subterranean parking spaces with EV charging stations. The property is zoned SMR2* and has a building size of 34281 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EssayGoAway.com Corporate Office

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.489726
    Latitude
    34.027984

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    FAQs

    What type of property is this?
    Apartment building - Premier 23-unit apartment building in coveted Santa Monica neighborhood.
    Where is this apartment building located?
    The property is located at 1115 14Th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $20,550,000.
    What are key features of this property?
    This property features: - Prime Santa Monica 'North of Wilshire' location.; - Significant capital improvements of $3,300,000 since 2019, resulting in a meticulously renovated building.; - Desirable unit mix including a unique two-story four-bedroom penthouse with high-end finishes and a private rooftop deck.
    (213) 817-1000
    Request Owner's contact information
    1115 14Th St Santa Monica, CA 90403
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    Santa Monica, CA 90403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1115 14Th St Santa Monica, CA 90403
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    We can help!
    Listing Contact
    Jonathan Taksa
    Real Estate License ID: 01366169
    (213) 817-1000 (310) 968-5303 (424) 672-8220
    Learn more
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