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1507 14th St
Off-Market Call for Pricing
Call for Pricing
- 5 Units
- 3,230 Sq Ft
- 7,514 Sq Ft
- Unknown Cap Rate
Description
Unlock the potential of this exceptional income property in the heart of Santa Monica. Set on a 7,500 sq ft lot zoned SMC4, this rare offering includes five detached bungalows and four rentable garages, providing a unique blend of charm, flexibility, and value-add opportunity.With four of the five units delivered vacant, investors have immediate upside through renovation, lease-up, or redevelopment. Whether you're seeking stable rental income, a 1031 exchange candidate, or a future development play, this property offers the versatility and location to match.Ideally situated near the Expo Line, shops, restaurants, and Santa Monica Beach, this is your chance to own a piece of one of L.A.'s most desirable coastal neighborhoods. Don't miss out on this rare find - opportunities like this are few and far between.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,295,000 |
| Property Type | Multi-Family |
| Usable Sqft | 3,230 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | December 04, 2025 |
| Sold Price | 2,035,000 |
| APN # | 4282034019 |
| MLS # | 25570821 |
| Property ID | 293130706 |
| Lot Sqft | 7,514 |
| Zoning | SMBCD* |
| Total Units | 5 |
| Date Updated | December 10, 2025 |
| Date Created | July 28, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,250 | $1,807 |
| Unit #2 | 1 | 1.00 | $2,250 | $2,200 |
| Unit #3 | 1 | 1.00 | $2,250 | $2,200 |
| Unit #4 | 1 | 1.00 | $2,250 | $2,200 |
| Unit #5 | 1 | 1.00 | $2,250 | $2,200 |
| Gross Income (Yr) | $ 148,884 |
| Operating Expenses | $ 35,638 |
| Net Income (Yr) | $ 113,246 |
| Cap Rate | 4.73% |
Listing Provided By
Malyn Dahlin an agent of The Agency. Lic #02036877
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT