1523 Berkeley Street
Santa Monica, CA 90404
Listing broker / agent: Lyon Stahl Investment Real Estate, Inc. · David Messiah · CRMLS
MLS # 26986521 · Last checked Oct 22, 2026 00:20 UTC
About this property
1523 Berkeley St is a five-unit multifamily property located in a prime Santa Monica location, steps from Wilshire Blvd, within walking distance of Montana Ave, and a short distance from Lionsgate, Hulu, and the Colorado Ave entertainment corridor. Built in 1957 and situated on an 8,139 SF lot, the property consists of one 2-bedroom, 1-bath front house and four 1-bedroom, 1-bath units, along with five detached garages, a laundry room, and a central courtyard. Three of the units have been updated during prior tenant turnovers. One 1-bedroom unit and one garage will be delivered vacant, giving the next owner immediate flexibility to select their own tenant and capture current market rent. The property's large lot, courtyard setting, and five detached garages also provide additional long-term value-add potential. Offered at $1,725,000, the property is currently operating at a 5.37% cap rate and 12.20 GRM, equating to $345,000 per unit and approximately $458 per square foot. Three
Property details
- MLS number
- 26986521
- Status
- Pending
- Type
- Residential Income
- Beds / baths
- 6 Beds • 5 Baths
- Living area
- 3,766 (area; units unconfirmed)
- Lot size
- 0.1868 acres
- County
- Los Angeles
- Year built
- 1957
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 35
Building
- Year built
- 1957
- Stories
- 2
- Building stories
- 2
- Levels
- Two
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Appliances
- Refrigerator, Dryer, Washer
- Heating
- Floor Furnace
- Cooling
- None
Exterior & parking
- Total parking spaces
- 0
- Attached garage
- No
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| McKinley Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.6 mi |
| Brockton Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.6 mi |
| New West Charter (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 6–12 | 0.7 mi |
| University High School Charter (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 9–12 | 0.8 mi |
| Edison Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.8 mi |
| Franklin Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 1.1 mi |
| Brentwood Science (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.1 mi |
| Grant Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 1.2 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,725,000
- MLS-reported original asking price
- $1,725,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:53 | $1,725,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Santa Monica
Active residential homes for sale in Santa Monica, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
31 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 01:05 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗