$3,480,000
$100K PRICE DROP

Estimated payment $22,405/month

Total Views 1,449
12 Beds
12 Baths
8,990 Sq Ft
$387 Price per Sq Ft

About This Home

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 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.

Listing Agent

Chase Simonton

RE/MAX One License #01766871 Listed on: 07/14/2025

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,133 Sq Ft Lot

Interior Spaces

  • 8,990 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 7 Parking Spaces
  • Covered Parking
  • Driveway

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4267-002-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8990
  • Lot Acreage: 0.1867
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 387.10

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Driveway
  • Total Parking: 7

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 979200
  • Assessed Land Percent: 70
  • Assessed Land Value: 2284800
  • Total Assessed Value: 3264000
  • Assessor Parcel Number: 4267-002-021
  • Lot Size Area: 8133

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.62
  • Number Of Units: 6
  • Total Annual Expense: 72780
  • Type Of Units: 3+1.75
  • Vacancy Rate: 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $3,480,000 -2.8% $387 / Sq Ft
07/14/2025 07/14/25 For Sale $3,580,000 +11.9% $398 / Sq Ft
12/13/2022 12/13/22 Sold $3,200,000 -7.2% $356 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $3,450,000 0.0% $384 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $3,450,000 0.0% $384 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $3,450,000 -5.5% $384 / Sq Ft
05/31/2022 05/31/22 For Sale $3,650,000 0.0% $406 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $3,650,000 0.0% $406 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/20/2022 04/20/22 Price Changed $3,650,000 -3.8% $406 / Sq Ft
03/29/2022 03/29/22 For Sale $3,795,000 -- $422 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25565285

The MLS