$10,000
closing credit¹
1427 15th St Santa Monica, CA 90404
Property details
About 1427 15th St
RECEIVERSHIP SALE! Hearing Date: February 13, 2025 @ 8:30 AM. Final deadline for overbid offers January 31, 2025. We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1 bedroom units and $988 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are 7 vacant units (4 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's robust rental market. NOTE: Property sale is subject to court confirmation including a 60-day appeal period and may be subject to overbid. As such, Seller cannot guarantee a particular sale date.
Highlights
(Active Under Contract)
Summary
- MLS Number: 24451475
- MLS Name: CRMLS
- Office Name: Realty Investment Advisors, Inc.
- Listing Agent: Benjamin J. Hsiang
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: 2/12/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,900,000
1427 15th St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 24, 2015 | Home Sold | $4,000,000 |
| Apr 03, 2014 | Home Sold | $3,355,033 |
| Dec 13, 2012 | Home Sold | $2,600,026 |
| Jun 03, 2010 | Home Sold | $1,930,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $4,713,944 | $56,382 |
| 2023 | $4,621,530 | $55,496 |
| 2022 | $4,530,929 | $54,837 |
| 2021 | $4,442,104 | $53,510 |
| 2020 | $4,395,754 | $52,637 |
| 2019 | $4,309,564 | $49,491 |
| 2018 | $4,225,064 | $49,256 |
| 2017 | $4,142,220 | $49,256 |
History based on county public records data.
Nearby schools
8
John Muir Fundamental Elementary School
Public District KG-5
0.5 mi
•1951 Mabury St
5
Davis Elementary School
Public District KG-5
0.8 mi
•1405 French St
3
Garfield Elementary School
Public District KG-5
0.9 mi
•850 Brown St
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 $63,587. The majority of Santa Monica, CA residents have income less than $<35k annually. Most families are married, with kids. Most residents in this area have high school diploma education.
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?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
H&M
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
Boston Market
What do the neighbors drive?
Nissan
Dodge
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 1427 15th St
This home is located at 1427 15th St in Santa Monica, CA and zip code 92701 in the Marbury Park neighborhood. This 8,623 square foot home, which was built in 1968, sits on a 0.17 acre lot. Features: 18 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $1,900,000.
Over 33 listings were sold over their listed price in January 2025 in Santa Monica, CA. In the same period over 23 listings were sold below the listed price and 11 listings were sold for the listed price. Between December and January 2025, Santa Monica, CA real estate market has seen increase in the number of listings by 1%. While the average time on the market in January 2025 was 30 days, the median list price was $886,200.