1115 14th ST new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90403
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 34,281 sqft
Price per Sqft $602
MLS Listing ID 25602635
Bedrooms 44
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1972
Lot Size 0.345 Acres
Property Description
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