1646 Berkeley Street

Santa Monica, CA 90404

$2,795,000
Price
9
Beds
5
Baths
4,018 Sq. Ft.
$696 / Sq. Ft.
4,018
Sq. Ft.
$696
per Sq. Ft.

Description

Prime Santa Monica Investment Opportunity! This well-maintained, pride of ownership multi-family property features five units with a total of 9 bedrooms and 5 bathrooms, spanning approximately 4,018 square feet. Conveniently located in Downtown Santa Monica, adjacent to major shopping and office complexes, close to 10 fwy, major transportation hubs and Santa Monica College. 4 units feature spacious 2 bedrooms and 1 bath, plus one cozy studio. Two units have been recently renovated with updated fixtures...Prime Santa Monica Investment Opportunity! This well-maintained, pride of ownership multi-family property features five units with a total of 9 bedrooms and 5 bathrooms, spanning approximately 4,018 square feet. Conveniently located in Downtown Santa Monica, adjacent to major shopping and office complexes, close to 10 fwy, major transportation hubs and Santa Monica College. 4 units feature spacious 2 bedrooms and 1 bath, plus one cozy studio. Two units have been recently renovated with updated fixtures and appliances. Building provides 4 open parking spaces. There is onsite laundry; the Landlord owns its own equipment, which provides for additional income. The roof was replaced approximately 5 years ago. Seller is open to carry back a loan with a minimum of 60% down and is open to negotiating rate and terms. The seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information. Turnkey investment with strong income potential! Note: studio pictures are staged, the other interior shots are representative of one of the updated units.
  1. Listed by James Silton • DRE #01145342 • Brokerage DRE #01145342 • Silton Properties
  2. Listed by CLAUDIA CORONADO • DRE #01807999 • CIC PROPERTIES INC.

Property Details for 1646 Berkeley Street

Water Front
None
Zoning
SMR2*
Style
Low Rise
Parcel Number
4268004015
Total Units
5.0
Living Area
4018
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
LISTING UPDATED: 12/03/2024 03:02 PM

Property Details for 1646 Berkeley Street

StatusActive
MLS #24-467337
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.13 AC / 5,788 SF
CountyLos Angeles County

Building Information for 1646 Berkeley Street

Stories2Residences-Year Built1956Building Size-Lot Size0.13 AC / 5,788 SF

Property Information for 1646 Berkeley Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Tree Top, Walk Street
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $133,008
  • Net Operating Income: $100,000.00
  • Gross Income: $134,008
  • Gross Rent Multiplier: $21.00
  • Actual Gross Annual Income: $133,008
  • Other Income1: $133,008.00
  • Laundry Income: $1,000
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Gardener, Water, Other
  • Total Annual Expense: 34000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1329
  • Lot Size Square Feet: 5788
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,330.00
  • Unit Actual Rent: $2,330.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,224.00
  • Unit Actual Rent: $1,224.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,078.00
  • Unit Actual Rent: $3,078.00
  • Unit Projected Rent: $3,078.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,657.00
  • Unit Actual Rent: $1,657.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $241,773.00
  • Assessed Improvement Percent: 40.22
  • Assessed Land Value: $359,403.00
  • Assessed Land Percent: 59.78
  • Assessed Total Value: $601,176.00

Property History for 1646 Berkeley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1646 Berkeley Street

Taxable ValueLand$366,591Additions$246,608Total$613,199
Tax Record2024$8,256 ($688 / month)
Home Facts
Total Finished SqFt4,018 SqFtAbove Grade Finished SqFt4,018 SqFtLot Size5,788 SqFtStyleQuadraplexYear Built1956ZoningSMR2*CountyLOS ANGELESAPN4268-004-015

Schools near 1646 Berkeley Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1646 Berkeley Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on December 2, 2024 by Silton Properties, it's currently listed at $2,795,000. It has been on the market for a total of 3 days and was last sold on March 13, 1990. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1646 Berkeley Street is a 9-bed, 5-bath, 4,018 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silton Properties, James Silton, DRE #01145342; CIC PROPERTIES INC., CLAUDIA CORONADO, DRE #01807999

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.