Executive Summary

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The Neema Group of Marcus & Millichap is pleased to present a seven-unit multifamily investment opportunity at 1434 Berkeley St, located in Santa Monica’s Mid-City neighborhood just south of Santa Monica Blvd, one of the Westside’s most established and supply-constrained rental submarkets.

The property offers a rare mix of large, townhouse-style units, uncommon for the submarket. Of the seven units, five are spacious two-bedroom, two-bath townhomes, one is a one-bedroom, one-bath unit, and one is a three-bedroom, two-bath unit, giving ownership a diversified rent roll across floor plans.

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The property provides seven on-site parking spaces, with five spaces in the rear and two tandem spaces at the front of the building, a meaningful amenity in a submarket where covered parking is limited

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Most units feature granite countertops, copper plumbing, and individual washer and dryers, reducing near-term capital exposure for ownership. Newly installed garage gates in the rear of the building add a further layer of security and curb appeal.

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Built in 1964, the property totals approximately 8,390 square feet on a 7,807 square foot lot, with a small grass yard fronting the building along Berkeley St.

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Mid-City is Santa Monica’s second most walkable neighborhood, carrying a Walk Score of 92. Residents are within walking distance of the Wilshire Blvd retail and restaurant corridor and Santa Monica College.

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The Expo Line’s 26th St/Bergamot station provides direct transit access, connecting residents to Downtown Santa Monica, Downtown Los Angeles, and destinations throughout the Westside.