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Brian Lacklen

blacklen@cbwhomes.com +1(619) 823-7904

$ 1,600,000

Est. payment -/mo

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Open Sun 1PM-3PM

1618 Berkeley ST Santa Monica, CA 90404

4 Beds

3 Baths

1,823 SqFt

OPEN HOUSE

Sun Mar 16, 1:00pm - 3:00pm

UPDATED:

03/14/2025 04:28 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,823 sqft

Price per Sqft $877

MLS Listing ID 25508701

Bedrooms 4

HOA Y/N No

Year Built 1953

Lot Size 5,863 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Interior Features Ceiling Fan(s)

Heating Floor Furnace

Cooling None

Flooring Tile, Wood

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned, Garage, Garage Door Opener

Garage Spaces 3.0

Garage Description 3.0

Porch Concrete

Attached Garage No

Total Parking Spaces 5

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Schools

School District Santa Monica-Malibu Unified

Others

Senior Community No

Tax ID 4268004008

Special Listing Condition Standard

Listed by James Keady • CB Richard Ellis, Inc.

Brian Lacklen

Agent | License ID: 01755681

+1(619) 823-7904

Brian Lacklen

1618 Berkeley ST Santa Monica, CA 90404

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1618 Berkeley ST