1115 14th St Santa Monica, CA 90403
Property details
About 1115 14th St
This is a prime investment opportunityat 1115 14th St, a 23-unit apartment complex located in the prestigious Wilshire Montana neighborhoodof Santa Monica. This well-maintained property boasts a desirable unit mix consisting of one single ADU,five one-bedroom units, 14 two-bedroom units, two three-bedroom units, and a four-bedroom penthouse,complemented by 33 parking spaces, including EV charging stations and above-parking storage spaces.Ownership has invested over $3.3 million in capital improvements since 2019, including the full renovationof 14 units featuring luxury upgrades such as stacked washers and dryers, wide plank vinyl flooring, recessedlighting, modern cabinetry, quartz countertops, stainless steel appliances, HVAC, and smoothed ceilings.Additionally, significant enhancements to the common areas and building systems have been made, includingplumbing, solar installation, complete elevator upgrade, and roofing improvements.The standout feature of the property is the four-bedroom penthouse, which underwent a $500k renovation.This two-story unit features a private, key-locked elevator, a 360-degree rooftop deck, a gourmet kitchen,an open living room with balcony access, and luxury amenities such as a home office, laundry room, andsteam shower.With no deferred maintenance and strong existing cash flow, the property presents an additional 35%rental upside through continued unit turnovers and renovations. The offering includes favorable assumablefinancing with a $7.974 million principal balance, interest-only at a 2.90% rate, maturing in 2030.Located just blocks from premier retail amenities along Wilshire Blvd and close to the UCLA Santa MonicaMedical Center, 1115 14th St offers an ideal living environment for residents commuting to employment hubsacross Santa Monica, Brentwood, West LA, and beyond. The Santa Monica submarket continues to be highlyattractive for investors due to consistent rent growth and property value appreciation.This is a unique opportunity to acquire a high-performing asset in one of Southern California's most soughtafterneighborhoods.
Highlights
Summary
- MLS Number: 24452667
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (310) 909-5500
- Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$20,850,000
1115 14th St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 31, 2019 | Home Sold | $11,700,000 |
| Feb 11, 1999 | Home Sold | $2,625,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $12,688,092 | $150,691 |
| 2023 | $12,439,342 | $148,335 |
| 2022 | $12,195,470 | $146,596 |
| 2021 | $11,956,379 | $143,015 |
| 2020 | $11,832,000 | $47,465 |
| 2019 | $3,689,114 | $44,613 |
| 2018 | $3,616,780 | $44,383 |
| 2017 | $3,545,864 | $44,383 |
History based on county public records data.
Nearby schools
7
Roosevelt Elementary School
Public District KG-5
0.7 mi
•801 Montana Ave
7
McKinley Elementary School
Public District KG-5
0.8 mi
•2401 Santa Monica Blvd
9
Franklin Elementary School
Public District PK-5
0.8 mi
•2400 Montana Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $96,429. Residents of Santa Monica, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Art Museums
Music Concerts
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
Frequently asked questions
About 1115 14th St
This home is located at 1115 14th St in Santa Monica, CA and zip code 90403 in the Wilshire / Montana neighborhood. This 34,281 square foot home, which was built in 1972, sits on a 0.34 acre lot. Features: 42 bedrooms, 41 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $20,850,000.
While more than 13 listings in Santa Monica, CA in January 2025 were sold above asking price, there were more than 6 listings sold at asking price, and more than 22 were sold below. The number of listings in Santa Monica, CA increased by 43% between December and January 2025. While the average time on the market in January 2025 was 55 days, the median list price was $1,816,750.