1247 Berkeley Street

Santa Monica, CA 90404

$3,200,000
Last Sold Price
16
Beds
12
Baths
8,990 Sq. Ft.
$356 / Sq. Ft.
8,990
Sq. Ft.
$356
per Sq. Ft.

Description

We are pleased to offer this 6 unit apartment complex in Santa Monica. Great unit mix with large units: mixture of hardwood, carpet and tile; all units with private balconies! Minutes from the beach, Montana Ave, Third Street Promenade, Venice Boardwalk, and much more. This property epitomizes Southern California coastal community. Great unit mix consisting of: two - 2-bedroom / 1.75-bathroom, four - 3-bedroom / 1.75-bathroom.We are pleased to offer this 6 unit apartment complex in Santa Monica. Great unit mix with large units: mixture of hardwood, carpet and tile; all units with private balconies! Minutes from the beach, Montana Ave, Third Street Promenade, Venice Boardwalk, and much more. This property epitomizes Southern California coastal community. Great unit mix consisting of: two - 2-bedroom / 1.75-bathroom, four - 3-bedroom / 1.75-bathroom.
  1. Listed by William Dawson • DRE #01059814 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors
  2. Listed by Ryan Dawson • DRE #01962971 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors

Property Details for 1247 Berkeley Street

Zoning
SMR2*
Parcel Number
4267002021
Total Units
6.0
Living Area
8990
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
3%
Lot Size Area
8131

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971

Sold By Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814

Add your commute
LISTING UPDATED: 12/13/2022 11:59 AM

Property Details for 1247 Berkeley Street

StatusSold
MLS #22-141235
Days on Market211
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.19 AC / 8,131 SF
CountyLos Angeles County

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971

Sold By Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814

Add your commute

Building Information for 1247 Berkeley Street

Stories2Residences-Year Built1961Building Size-Lot Size0.19 AC / 8,131 SF

Payment Calculator

$20,727 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$3,263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1247 Berkeley Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: .
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $179,197
  • Net Operating Income: $109,522.00
  • Gross Income: $184,740
  • Cap Rate: 3.17%
  • Gross Rent Multiplier: $18.67
  • Total Annual Expense: 69675
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1867
  • Lot Size Square Feet: 8131
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 7
  • Parking Features: Carport
Interior Features
Interior Features
  • Room Type: Family Room, Living Room, Master Bathroom
  • Rooms: Dining Room, Dining Area, Family Room, Living Room, Master Bedroom, Other
  • Den: No
  • Family Room: 1
  • Dining Room: 1
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-13-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,303.00
  • Unit Actual Rent: $1,303.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,292.00
  • Unit Actual Rent: $1,292.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $679,501.00
  • Assessed Improvement Percent: 29.85
  • Assessed Land Value: $1,596,834.00
  • Assessed Land Percent: 70.15
  • Assessed Total Value: $2,276,335.00

Property History for 1247 Berkeley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1247 Berkeley Street

Taxable ValueLand$2,240,000Additions$960,000Total$3,200,000
Tax Record2023$39,153 ($3,263 / month)
Home Facts
Total Finished SqFt8,990 SqFtAbove Grade Finished SqFt8,990 SqFtLot Size8,131 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningSMR2*CountyLOS ANGELESAPN4267-002-021

Schools near 1247 Berkeley Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.