Discover a premier investment opportunity at 1247 Berkeley Street, Santa Monica 90404 an expansive 8,990 SF six-unit apartment building ideally located just steps south of Wilshire Blvd. This exceptionally well-designed property offers an ideal unit mix, featuring mostly large 3-bedroom units, including a spacious 3-bedroom owner's unit with a generous… Read More private patio, perfect for owner-occupancy or commanding premium rents. The building also includes a large 2-bedroom unit with square footage comparable to the 3-bedroom layouts, providing flexibility and appeal to a wide range of tenants. Situated in one of Santa Monica's most sought-after neighborhoods with strong rental demand and proximity to top-tier amenities, 1247 Berkeley presents a compelling opportunity for investors seeking size, stability, and long-term upside in a blue-chip location. Read Less
Property listed by RE/MAX One, Chase Simonton 818-366-3300
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Beds
12
Square Ft.
8,990
Lot Size
0.19 Acres
Year Built
1961
MLS Number
25565285
30 Days Snapshot Of 90404
$886k
-1%
(avg) sold price
5
+25%
homes sold
57
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1961, Building area total: 8,990, Levels: Two, Living area: 8990, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $275,844, Net operating income: $194,789
Lot
0.1867 acres, 8,133 square feet, Size: 8,133
Parking
7 totals parking, Covered, Driveway
Property
Zoning: SMR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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