CA > Santa Monica
Santa Monica, CA 90403,938 15th St
Santa Monica, CA 90403,938 15th St
Santa Monica, CA 90403,938 15th St
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John Matukas

John Matukas

+1(323) 377-4961
$1,900,000
Est. payment /mo
7 Beds
5 Baths
4,062 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,062 sqft

Price per Sqft $467

MLS Listing ID 25544385

Bedrooms 7

Year Built 1923

Lot Size 7,500 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

Prime Santa Monica 5-Unit Investment Opportunity*** 2 Vacant Units * Trophy Location North of Wilshire Presenting a rare opportunity to acquire a 5-unit multifamily property in one of Santa Monica's most sought-after neighborhoods north of Wilshire Boulevard and directly across from Lincoln Middle School. This well-maintained asset sits on a spacious 7,498 sq ft lot and features a charming front 2-bedroom, 1-bathroom house (built in 1923) plus a rear fourplex (built in the mid-1950s), offering a total of 4,062 rentable square feet. Property Highlights: 5 total units: 1 standalone front house + 4-unit rear building 2 units delivered vacant: the 2BR/1BA house and one 1BR/1BA unit perfect for an owner-user or value-add investor Separately metered for gas and electricity enhancing operational efficiency and long-term flexibility 4-car garage with completed seismic retrofit compliant with current safety standards Additional carport space for a total of 5 off-street parking spots Strong unit mix and significant upside potential in rentsPrime walkable location near Montana Avenue shops & cafes Just minutes to the beach, Downtown Santa Monica, and top-tier schoolsThis is an ideal opportunity for investors, developers, or owner-users looking to secure a premier property in Santa Monica's highly competitive rental market. With two vacant units ready for occupancy or renovation, and a premium location in a supply-constrained area, this asset offers the perfect balance of stability and upside.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Refrigerator, Range/Oven, Washer, Dryer, Ceiling Fan

Laundry Laundry Area

Exterior

Parking Features Covered Parking, Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Miller & Desatnik Realty Co.

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John Matukas

+1(323) 377-4961

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