Six-Unit Apartment
For Sale
Contact for pricing
1318 Yale St, Santa Monica, CA 90404
Six single-story cottage units on a 7,517 SF parcel, delivered with four vacancies for immediate interior upgrades.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market134
Property Features for 1318 Yale St
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
Multifamily
Occupancy
33%
Additional Details
Multifamily Units
6
Building Details
Year Built
1947
Stories
1
Construction
cottage style
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1800
Listed By:
Sean Rosenzweig · License #CA 01406343
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 2:20PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer a six-unit apartment community at 1318 Yale Street. The property consists of single-story cottage-style units totaling five one-bedroom units and one additional unit. Four of the six units will be delivered vacant, giving new ownership the ability to upgrade units right away.
Recent improvements include renovations to all six units within the last 10 years, featuring hardwood flooring, Italian porcelain tiling, and dual-pane windows. Ownership has also added a new roof and upgraded wood decking, along with aesthetic upgrades to the vacant units and landscaping. Each unit includes a semi-private redwood deck and patio.
The property was constructed in 1947 and is subject to Santa Monica rent control statutes. The community is positioned just north of Santa Monica Blvd on a quiet, desirable street within the city of Santa Monica.
Recent improvements include renovations to all six units within the last 10 years, featuring hardwood flooring, Italian porcelain tiling, and dual-pane windows. Ownership has also added a new roof and upgraded wood decking, along with aesthetic upgrades to the vacant units and landscaping. Each unit includes a semi-private redwood deck and patio.
The property was constructed in 1947 and is subject to Santa Monica rent control statutes. The community is positioned just north of Santa Monica Blvd on a quiet, desirable street within the city of Santa Monica.
Key Highlights
- Six single‑story cottage units at 1318 Yale Street on a 7,517 SF parcel in Santa Monica.
- Five 1‑bedroom units and one single unit, with four of six units vacant at delivery for immediate upgrades.
- Renovated by current ownership within the last 10 years with hardwood flooring, Italian porcelain tiling, and dual‑pane windows.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
33.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,348
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six single-story cottage units on a 7,517 SF parcel, delivered with four vacancies for immediate interior upgrades.
Where is this apartment building located?
The property is located at 1318 Yale St Santa Monica, CA.
What are key features of this property?
This property features: Six single‑story cottage units at 1318 Yale Street on a 7,517 SF parcel in Santa Monica.; Five 1‑bedroom units and one single unit, with four of six units vacant at delivery for immediate upgrades.; Renovated by current ownership within the last 10 years with hardwood flooring, Italian porcelain tiling, and dual‑pane windows.
