1507 Berkeley St, Santa Monica, CA 90404

Boutique 7-Unit in Santa Monica | Townhome-Style Units with Private Entrances | 40% Rental Upside + Vacant Unit

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$2,400,000

Property Highlights

Boutique 7-unit townhome-style multifamily property in an A+ Mid-City Santa Monica location adjacent to Brentwood
Part of a five-building, 60-unit Westside portfolio, available separately or together
Approximately 40% remaining rental upside
Townhome-style design with separate, private ground-level entrances for every unit
Select units feature private outdoor patios
Unit mix:
- (1) 3BR/1.5BA
- (5) 2BR/2BA(1) 2BR/1BA
Units average approximately 1,106 SF
Separately metered for gas and electricity
On-site parking includes a 2-car garage and (5) covered parking spaces
Seismic soft-story retrofit completed
Main and sub electrical panels fully updated
Walking distance to Erewhon and Bristol Farms
Highly walkable to restaurants, retail and nightlife along Santa Monica Boulevard
Excellent proximity to Brentwood, Downtown Santa Monica, the beach and West Los Angeles
Part of a broader five-building, 60-unit Westside portfolio, available separately or together:
- 1833 Westholme Ave: 16 Units for $6,900,000
- 1811 S Bentley Ave: 15 Units for $6,350,000 (40% non-RSO units)
- 1524 Granville Ave: 10 Units for $5,250,000 (non-RSO building)
- 1518-1524 12th St: 12 Units for $5,300,000
- 1507 Berkeley St: 7 Units for $2,400,000

The Opportunity

1507 Berkeley Street presents a rare opportunity to acquire a boutique 7-unit townhome-style multifamily property in an A+ Mid-City Santa Monica location adjacent to Brentwood. Built in 1964, this attractive two-story property combines the privacy and residential feel of townhome living with oversized two- and three-bedroom floor plans in one of the Westside's highest-demand coastal rental markets. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, available for acquisition individually or together as a portfolio.

A defining feature of 1507 Berkeley Street is its two-story townhome-style design, with each residence benefiting from its own separate, private ground-level entrance, and select units featuring private outdoor patios. The property offers an exceptional unit mix consisting entirely of large two- and three-bedroom residences averaging approximately 1,106 square feet per unit, including one 3BR/1.5BA unit, five 2BR/2BA units and one 2BR/1BA unit. These spacious floor plans, combined with private entrances and select outdoor space, provide a compelling alternative to traditional apartment living.

The property offers approximately 40% remaining rental upside, creating a significant opportunity for new ownership to increase income as units turn and rents are repositioned over time, within a supply-constrained coastal market.

Additional property features include separate gas and electric metering, on-site parking consisting of a 2-car garage and five covered spaces, updated main and sub electrical panels, and a completed seismic soft-story retrofit.

Located in the heart of Mid-City Santa Monica and immediately adjacent to Brentwood, the property offers residents exceptional access to both communities. 1507 Berkeley Street is within walking distance of Erewhon, Bristol Farms and the restaurants, retail and nightlife along Santa Monica Boulevard, with convenient access to the beach, Downtown Santa Monica, West Los Angeles and the broader Westside.

Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1524 Granville Avenue (10 units), and 1518 & 1524 12th Street (12 units). The properties are available for acquisition separately or together as a portfolio.