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1247 Berkeley St
Off-Market Call for Pricing
Call for Pricing
- 6 Units
- 8,990 Sq Ft
- 8,133 Sq Ft
- Unknown Cap Rate
Description
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.
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 | $3,480,000 |
| Property Type | Multi-Family |
| Usable Sqft | 8,990 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1961 |
| Last Sold | December 01, 2025 |
| Sold Price | 3,330,000 |
| APN # | 4267002021 |
| MLS # | 25565285 |
| Property ID | 293136485 |
| Lot Sqft | 8,133 |
| Zoning | SMR2* |
| Total Units | 6 |
| Date Updated | December 01, 2025 |
| Date Created | July 14, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.75 | $1,425 | $4,850 |
| Unit #2 | 3 | 1.75 | $4,559 | $4,850 |
| Unit #3 | 3 | 1.75 | $4,705 | $4,850 |
| Unit #4 | 3 | 1.75 | $3,299 | $4,850 |
| Unit #5 | 3 | 1.75 | $5,995 | $5,995 |
| Gross Income (Yr) | $ 275,844 |
| Operating Expenses | $ 72,780 |
| Net Income (Yr) | $ 194,789 |
| Cap Rate | 5.60% |
Listing Provided By
Chase Simonton an agent of . Lic #01766871
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Robert Crawford
REAL ESTATE AGENT