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SOLD 4/7/2021
1420 Berkeley Street, Santa Monica, CA 90404
6
beds
5
baths
7134
ft2
· 7808
ft2 lot
$3,000,000
$463 / ft2
Listing provided courtesy of Listing Broker: Chase Simonton, RE/MAX One.
Source CRMLS.
1420 Berkeley Street is a rare 100% Vacant 6-unit apartment building located on a prime corner lot in Santa Monica. This unique property boasts a desirable unit mix of two-bedroom units and a two-bedroom front townhouse. There is an additional office with half bath (500 sf) that can be rented out for additional income. Walking distance from Santa Monica Blvd and Wilshire Blvd with many restaurants, shopping, and cafes. All income is projected and based on the building being fully occupied with tenants. All showings will be subject to an accepted offer.
HOA
$—/month
On market
2 months
Year built
1966
Property type
Multi-Family
Parking
MLS
20672444
Price / Sq.Ft.
$463 / ft2
Status
Closed
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$13,030
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Fireplace(s)
Interior Size
•   
Building Area Total: 7134.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Assigned, Covered
Building Info
•   
Zoning: SMR2*
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Lot Info
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7808.0000
•   
Lot Size Units: Square Feet
Exterior Features
•   
Direction Faces: North
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 249600.00
•   
Vacancy Allowance Rate: 100.00
•   
Total Expenses: 99000.00
•   
Gross Multiplier: 13.22
Tax/Assessment Info
•   
Gross Income: 249600.00
•   
Tax Year: 2020
•   
Taxes: 6218.0
Lease Info
•   
Net Operating Income: 143112.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 3000.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 3000.00
Unit 2 Information
•   
Unit 2 Actual Rent: 3100.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 3100.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3800.00
•   
Unit 1 Total Rent: 3800.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Corner property on Berkeley, just south of Santa Monica Blvd
Other
Calculation
•   
Dom: 57
•   
Cdom: 57
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 21, 2021 4:58am
Neighborhood snapshot
65
Properties for sale
38
Median days on market
$788.14
Median sold price/sqft
98.50%
Sold/List %
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Property History
04/07/2021
04/07/2021
CRMLS #20672444
sold
CRMLS #20672444
$3,300,000
02/16/2021
02/16/2021
CRMLS #20672444
pending
CRMLS #20672444
$3,300,000
12/21/2020
12/21/2020
CRMLS #20672444
active
CRMLS #20672444
$3,300,000
+3042.86%
03/14/1967
03/14/1967
Public Record
sold
Public Record
$105,000
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