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Spanish-Style Apartment Building
For Sale
$3,275,000

1118 15th St., Santa Monica, CA 90403

Santa Monica, CA

Property SizeContact for details
Lot Size0.17 Acres
Days on Market94

Property Features for 1118 15th St.

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 8
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 8, Bathroom 7, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 7, Bathroom 8, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 5, Bathroom 6, Laundry Room, Bathroom 4, Bedroom 2
Parking 5
Parking features Carport
Interior features High Ceilings, Tile Counters
Appliances Gas Range
Lot features Front Yard
Directions 405 N, 10 W, rt on Cloverfield Blvd., l. on Santa Monica Blvd., rt. on 17th, lft on Wilshire, rt on 15th
Subdivision C14 - Santa Monica
Standard status Active
APN 4281011004
Lot size 0.17 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1937
Floors in Building 2
Number of units 5
Flooring type Wood, Laminate, Tile
Building materials Stucco
Roof type Shingle
Architectural style Spanish
Listing Agency: Coldwell Banker Envision · Berkshire Hathaway HomeServices
Listed By: Celia Gonzalez · License #01351811
Added: Jul 29 Changed: Oct 28 Last Checked: Oct 30 at 3:06PM
MLS# OC26166078

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1937, this Spanish-style apartment property features eight bedrooms and eight bathrooms, high ceilings, and interiors with wood, tile, and laminate flooring. Tile counters, gas ranges, stucco construction, shingle roofing, and public water and sewer service are also documented. Natural light and period architectural details contribute to the building’s residential character. Five carport spaces with storage cabinets are positioned at the rear of the property.

The property is located at 1118 15th St. in Santa Monica, near shopping and transportation, with hospitals and medical facilities in the surrounding area. Referenced destinations include Santa Monica UCLA Hospital, West Los Angeles VA Medical Center, and SOFI Stadium. Following upgrades, the property is described with an approximate 5.2% cap rate.

Key Highlights

  • Eight bedrooms and eight bathrooms in a 1937 Spanish‑style apartment property
  • Five rear carport spaces with storage cabinets
  • High ceilings with wood, tile, and laminate flooring

Property Analytics

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Location Intelligence

Trade Area within ½ mile

7,160
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight bedrooms and eight bathrooms feature high ceilings, wood and tile flooring, and public utilities.
Where is this apartment building located?
The property is located at 1118 15th St. Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: Eight bedrooms and eight bathrooms in a 1937 Spanish‑style apartment property; Five rear carport spaces with storage cabinets; High ceilings with wood, tile, and laminate flooring
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