www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29239494
29239495

1233 14th St, Santa Monica, CA 90404 For Sale

CS
CA 01766871
RE/MAX One
Remax One Commercial
Listed by RE/MAX One, Remax One Commercial
$3,200,000
186 days on market
Updated 14 days ago

1233 14th St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,536
Units 8
Cap Rate 5.79%
NOI $185,234
Occupancy 63%
Price per SqFt $578
Class A
Year Built 1952
Year Renovated 2025
Buildings 2
Stories 2
Zoning SMR3*
Ownership 100

3 Vacant Units - 6 Remodeled Units - Washer/Dryer in ALL units - Expecting Approved Permits 2 ADUs

Marketing description

1233 14th Street is an 8-unit apartment building with strong in-place upgrades and clear upside. The property features six 1-bedroom units and two 2-bedroom units, with six apartments renovated to modern standards including recessed lighting, updated kitchens and bathrooms, new flooring, and in-unit washer/dryers throughout. New electrical systems were completed in 2024.

Additional value is created through the planned conversion of the detached garages into approximately 425 square foot 1-bedroom ADUs, adding two units and 850 square feet to the property. The project is currently in plan check with the city under Plan Check No. 25BLD-0352, offering a defined path to increased income and density.

Investment highlights

  • 8 units

  • (2) 2+1 (6) 1+1 (2) Potential 1+1 ADUs

  • 6 Remodeled Units

  • Washer/Dryer in ALL Units

  • Expecting Approved Permits for 2 ADUs and to be ready to build within 2 Weeks

  • Potentially 3 Vacant Units

  • GRM - 12.16

Listing Contacts

CS
CA 01766871
RE/MAX One
Remax One Commercial
Listed by RE/MAX One, Remax One Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,234.00
$15,436.17/mo

Valuation Metrics

0
DSCR
5.79%
Cap Rate
5.79%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591