938 15th Street
Santa Monica, CA 90403
Map
- – beds
- – baths
- – sqft
- 7,500 sqft lot
- 1923 build
- – on site
********OFFER DEADLINE WED 6/4 3PM******** 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.
Last checked:
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Last updated Jun 3, 2025
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MLS# 25544385 —
The Building
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Year Built:1923
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New Construction:No
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Building Area Total:4062.00
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Total Number Of Units:5
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# of Buildings:2
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Stories Total:2
Interior
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Features:Ceiling Fan(s)
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Levels:Two
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:North of Wilshire on 15th and Washington next to Lincoln Middle School.
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Latitude:34.03058400
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Longitude:-118.49198400
The Property
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Property Type:Residential Income
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Zoning:SMR2*
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Lot Size Area:7500.0000
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Lot Size Acres:0.1722
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Lot Size SqFt:7500.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4281010008
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Garage
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Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/28/25
May 28, 2025
|
Listed / Active | CRMLS_CA | $1,900,000 |
