PRIVATE PROPERTY. DO NOT DISTURB TENANTS. 1618 Berkeley Street in Santa Monica offers a unique opportunity for various buyers, from families seeking top-rated schools to those working from home or entering the multifamily investment market. Now vacant and ready for an owner-occupier or lease-up, a charming two-bedroom, one-bath unit features a peaceful rear patio, in-unit laundry, excellent light, and private access to a secured garage stall, plus an additional uncovered parking space. Income from the two additional units can help offset living expenses and support a mortgage. Families benefit from proximity to excellent public schools, while investors gain from income potential and the flexibility of a three-unit property in a premier rental submarket. Owner-occupiers may also apply for an exemption from city rent control, offering greater control over property operations. The front structure includes 1,823 square feet of living space: one two-bedroom, one-bath unit and two one-bedroom, one-bath units, plus a shared laundry room. The detached garage provides three lockable single-car stalls and two uncovered spaces, totaling five parking spots. Located between Colorado and Pennsylvania Avenues, the property is near major employers, top schools, Bergamot Station Arts Center, dining, shopping, and the beach, with easy transit access. Investors can add value through rent increases, unit renovations, or converting the detached garage into a 580-square-foot ADU. With rents approximately 21% below market, there’s strong potential for returns. Whether for living, investing, or both, 1618 Berkeley Street offers location, income potential, and long-term growth in a prime Santa Monica setting. BUYERS MUST INDEPENDENTLY VERIFY ALL INFORMATION. RELIANCE ON THIS MEMORANDUM IS AT YOUR OWN RISK.
Property Details
Price:
$1,600,000
MLS #:
25508701
Status:
Active
Baths:
0
Address:
1618 Berkeley Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Mar 8, 2025
State:
CA
ZIP:
90404
Lot Size:
5,861 sqft / 0.13 acres (approx)
Year Built:
1953
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Schools
Interior
Appliances
Disposal, Refrigerator
Cooling
None
Flooring
Wood, Tile
Heating
Floor Furnace
Interior Features
Ceiling Fan(s)
Exterior
Garage Spaces
3.00
Parking Features
Garage Door Opener, Assigned
Parking Spots
5.00
Stories Total
1
Financial
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address1618 Berkeley Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90404
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1618 Berkeley Street
Santa Monica, CA
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