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Spanish-Style Multifamily Property
New
For Sale
$3,350,000

1118 15th St, Santa Monica, CA 90403

Apartments feature high ceilings, abundant natural light, and covered parking with storage.

Days on Market5

Property Features for 1118 15th St

General Information

Standard status Active
Total Parking Spaces 5
Property subtype MULTI_FAMILY

Amenities

storage cabinets

Building Details

Building Size 5,335 SF
Year Built 1937
Construction Spanish style
Listing Agency: Coldwell Banker Envision
Listed By: Celia Gonzalez · License #01351811
Source: Frontgaterealestate
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 2 at 3:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Envision

Investment Insights

Based on property information with market context.

This 1937 multifamily property presents a Spanish-style design with apartment interiors characterized by generous proportions, elevated ceilings, and strong natural light. Period details associated with the 1930s contribute to the building’s architectural identity. Five carport spaces are positioned at the rear, with storage cabinets included for added utility.

The property is located at 1118 15th St in Santa Monica, near shopping, transportation, hospitals, and medical facilities. Nearby destinations identified include SOFI Stadium, Santa Monica UCLA Hospital, and the West Los Angeles VA Medical Center. An approximate 5.2% cap rate is indicated after upgrades are completed.

Key Highlights

  • 1937 multifamily property with Spanish‑style architecture and 1930s‑era details
  • Apartments offer spacious interiors, high ceilings, and abundant natural light
  • Five rear carport spaces with storage cabinets

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Pet Grooming Service Restaurant Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,697
Businesses Nearby

Demographics for 90403, CA

25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Apartments feature high ceilings, abundant natural light, and covered parking with storage.
Where is this multifamily property located?
The property is located at 1118 15th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 1937 multifamily property with Spanish‑style architecture and 1930s‑era details; Apartments offer spacious interiors, high ceilings, and abundant natural light; Five rear carport spaces with storage cabinets
More about this property
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