1537 15th Street

Santa Monica, CA 90404

$5,900,000
Last Sold Price
20
Beds
16
Baths
8,621 Sq. Ft.
$684 / Sq. Ft.
8,621
Sq. Ft.
$684
per Sq. Ft.

Description

1537 15th is a trophy property located in prime Santa Monica and constructed in 1990. The unit mix is comprised of huge 3-story, townhome-style units over a subterranean parking garage. Each unit has its own washer/dryer, gas fireplace, patio and balcony. Residents can walk to the Third Street Promenade and the Santa Monica Pier. The property is also attractive to college students as it is less than one mile to Santa Monica Community College (SMC). Due to the property being built in 1990, you are...1537 15th is a trophy property located in prime Santa Monica and constructed in 1990. The unit mix is comprised of huge 3-story, townhome-style units over a subterranean parking garage. Each unit has its own washer/dryer, gas fireplace, patio and balcony. Residents can walk to the Third Street Promenade and the Santa Monica Pier. The property is also attractive to college students as it is less than one mile to Santa Monica Community College (SMC). Due to the property being built in 1990, you are not subject to Santa Monica's oppressive rent control. The building is only subject to California AB 1482 rent control laws. The building is fully occupied, so please do not disturb the tenants
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 1537 15th Street

Zoning
SMR2*
Parcel Number
4282035015
Total Units
7.0
Living Area
8621
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
7497

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

Sold By RE/MAX One, Chase Simonton, DRE #01766871

Add your commute
LISTING UPDATED: 10/26/2022 03:20 PM

Property Details for 1537 15th Street

StatusSold
MLS #22-131679
Days on Market102
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.17 AC / 7,497 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871

Sold By RE/MAX One, Chase Simonton, DRE #01766871

Add your commute

Building Information for 1537 15th Street

Stories2Residences-Year Built1990Building Size-Lot Size0.17 AC / 7,497 SF

Payment Calculator

$38,021 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,199

Property Taxes

$5,822

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1537 15th Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3+2.5, 2+1.5
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $395,060
  • Net Operating Income: $260,673.00
  • Gross Income: $395,060
  • Gross Rent Multiplier: $16.80
  • Total Annual Expense: 122536
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1721
  • Lot Size Square Feet: 7497
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 15
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-28-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,725.00
  • Unit Actual Rent: $4,725.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,135.00
  • Unit Actual Rent: $5,136.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,621.00
  • Unit Actual Rent: $4,621.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,621.00
  • Unit Actual Rent: $4,621.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,157.00
  • Unit Actual Rent: $5,157.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,096.00
  • Unit Actual Rent: $5,096.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,565.00
  • Unit Actual Rent: $3,565.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,030,567.00
  • Assessed Improvement Percent: 17.86
  • Assessed Land Value: $4,740,609.00
  • Assessed Land Percent: 82.14
  • Assessed Total Value: $5,771,176.00

Property History for 1537 15th 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 1537 15th Street

Taxable ValueLand$4,104,000Additions$1,760,000Total$5,864,000
Tax Record2023$69,863 ($5,822 / month)
Home Facts
Total Finished SqFt8,621 SqFtAbove Grade Finished SqFt8,621 SqFtLot Size7,497 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningSMR2*CountyLOS ANGELESAPN4282-035-015

Schools near 1537 15th 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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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 RE/MAX One, Chase Simonton, DRE #01766871

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.