Townhouse-Style Apartment
For Sale
Contact for pricing
1518 Berkeley St, Santa Monica, CA 90404
Seven townhouse-style units with 2 bed/2 bath layouts and seven covered parking spaces.
Property Size8,914 SF
Days on Market121
Property Features for 1518 Berkeley St
General Information
Standard status
Active
Size
8,914 SF
Total Parking Spaces
7
Property subtype
Multifamily
Additional Details
Cap Rate
6.12%
Multifamily Units
7
Building Details
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 259-7556
Listed By:
Cameron Samimi · License #CA 02035763
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 6:21PM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This offering features a 7-unit apartment building configured as townhouse-style residences, each with a 2-bedroom and 2-bath layout. The property provides 7 covered parking spaces, and the remarks also note ample street parking. The building is reported to have 8,914 SF of rentable space.
Located at 1518 Berkeley St in Santa Monica, the property is described as positioned between downtown Santa Monica and Century City. The listing highlights a value-add profile with over 30% upside in rents, along with stated performance metrics of an 11.79 GRM and a 6.12% market cap rate.
The unit mix and parking configuration make this a straightforward, income-oriented setup for an investor seeking an all-townhouse multifamily asset in Santa Monica.
Located at 1518 Berkeley St in Santa Monica, the property is described as positioned between downtown Santa Monica and Century City. The listing highlights a value-add profile with over 30% upside in rents, along with stated performance metrics of an 11.79 GRM and a 6.12% market cap rate.
The unit mix and parking configuration make this a straightforward, income-oriented setup for an investor seeking an all-townhouse multifamily asset in Santa Monica.
Key Highlights
- 7 townhouse‑style units with (7) 2‑bed/2‑bath layouts in a 7‑unit apartment building
- 8,914 SF of rentable space
- 7 covered parking spaces included
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Seven townhouse-style units with 2 bed/2 bath layouts and seven covered parking spaces.
Where is this apartment building located?
The property is located at 1518 Berkeley St Santa Monica, CA.
What are key features of this property?
This property features: 7 townhouse‑style units with (7) 2‑bed/2‑bath layouts in a 7‑unit apartment building; 8,914 SF of rentable space; 7 covered parking spaces included
