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Berkshire Hathaway HomeServices California Properties

1444 Euclid, Santa Monica, CA 90404

$2,800,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Brett Lyon | Broker@lyonstahl.com
Lic#: 01717818
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-706-4066

Co Listing Agent

Woody Stahl | broker@lyonstahl.com
Lic#: 01399621
Broker: Courtesy of Lyon Stahl Investment Real Est
Phone: 310-425-9838

Listing Details

Property type: Mixed Use (Multi-Family)

Property Sub-Type:

Status: Active

Listing ID: SB26159465

Price: $2,800,000

Rental Rate: $2,800,000

Lot Size:

Built in 1958

0.17 acres

County: Los Angeles

Lot description: SixToTenUnitsAcre

Last Updated: 7/23/2026

Days On Market (DOM): 14

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Lat/Long: 34.022180, -118.485841.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

This 10-unit apartment building with two non-conforming units is located in a highly desirable pocket of Santa Monica. Built in 1958, the property consists of approximately 6,248 square feet situated on a 7,495 square foot lot. The property features an attractive unit mix of one 3-bedroom/2-bath unit, eight 1-bedroom/1-bath units, and three studio units. Offered at a 5.75% Current CAP Rate and 11.24 Current GRM, the property presents investors with the opportunity to acquire a well-located multifamily asset at an attractive cost per unit of $280,000. The property offers exceptional income growth potential, achieving a projected 10.45% Pro Forma CAP Rate and 7.28 Pro Forma GRM. The property includes three one-car garages and five carport parking spaces with additional driveway space, providing valuable on-site parking for tenants. Its central Santa Monica location offers convenient access to Downtown Santa Monica, the Third Street Promenade, Santa Monica Beach, major employment centers, and the area's renowned shopping and dining destinations. Located in one of Los Angeles County's strongest rental markets, this offering presents an attractive opportunity to acquire a well-positioned multifamily investment with strong in-place income and significant long-term upside potential.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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