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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$19,995,000

Est. payment - /mo

44 Beds

43 Baths

34,281 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 34,281 sqft

Price per Sqft $583

MLS Listing ID 25602635

Bedrooms 44

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1972

Lot Size 0.345 Acres

Property Description

NEW PRICING. AMAZING ASSUMABLE FINANCING. We are pleased to present 1115 14th Street, a premier 23-unit apartment building located in Santa Monica's coveted "North of Wilshire" neighborhood. Built in 1972, this exceptionally rare property stands out in a submarket where most multifamily assets consist of fewer than 10 units. Since 2019, ownership has invested over $3,300,000 in high-end capital improvements, transforming the building into one of the most meticulously renovated and desirable offerings in Santa Monica. The unit mix is outstanding: one studio ADU, five one-bedroom/one-bath units, fourteen two bedroom/two-bath units, two three-bedroom/two-bath units, and a spectacular two-story four bedroom penthouse. Fifteen of the units have been fully modernized with wide-plank vinyl flooring, quartz countertops, recessed lighting, modern cabinetry, stainless steel appliances, stacked in-unit washers and dryers, smooth ceilings, and central HVAC. The property's crown jewel is the penthouse, which received $500,000 in renovations. This ultra luxurious residence includes a private key-locked elevator, 360-degree rooftop deck, a gourmet Thermador kitchen with expansive island, open living room with fireplace and wet bar, home office, laundry room with high-end washer/dryer, two powder rooms, surround sound, ample storage, and a primary suite featuring a steam shower and freestanding tub. This unit is unmatched in the SantaMonica rental market. Beyond the units, significant building-wide upgrades have been completed, including upgraded plumbing and electrical, new windows, complete elevator modernization with all new hydraulics, electronics, and cab, roof improvements, solar installation, and professionally renovated hallways and lobby. The building offers 33 subterranean parking spaces well above local standards including EV charging stations. With its scale, prime location, meticulous renovations, assumable financing, and substantial remaining rental upside, 1115 14th Street represents a rare turnkey investment opportunity in one of Southern California's most supply-constrained and desirable rental markets.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type Den

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor

Laundry Common Area, Stacked

Exterior

Parking Features Assigned, Garage, Gated, Side By Side, Tandem

Total Parking Spaces 33

Building

Story 3

Entry Level One,Two

Level or Stories One, Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4281011029

Financing Assumed

Special Listing Condition Standard

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Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169

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1115 14th ST Santa Monica, CA 90403