1754 15th Street
Santa Monica, CA 90404
Listing broker / agent: Lyon Stahl Investment Real Estate, Inc. · William James · CRMLS
MLS # 26106913 · Last checked Nov 14, 2026 18:51 UTC
About this property
The subject property is a 6-unit apartment building located at 1754 15th Street in the Mid-City area of Santa Monica. Built in 1962 on a large 7,493 square foot lot zoned SMR2, the building consists of six 2-bedroom, 1-bathroom units totaling approximately 5,408 square feet, including two larger units of roughly 1,025 square feet. Two units have been remodeled, and the property is 100% occupied with covered parking. The generous lot also creates meaningful ADU potential: the tuck-under parking and multiple large storage rooms connected to the garage could be converted into accessory dwelling units, giving a new owner a path to additional rental income. Ownership has invested approximately $137,000 in capital improvements since 2016, taking care of many of the major items a buyer would otherwise face. Recent work includes a seismic retrofit compliant with Santa Monica's soft-story ordinance, a new main electrical panel with new sub-panels in each unit, SB 721 balcony inspection with the staircase rebuilt and recoated, full copper repipe, a recoated roof with a new roof treatment, new rain gutters, a new rear concrete driveway, and an upgraded security camera system. Current rents average about $2,041 per unit, while comparable 2-bedroom units in Santa Monica average significantly more. Pro forma rents of $3,000 represent approximately 51% upside and a 7.05% cap rate as units turn over. The property sits just south of Olympic Boulevard, within walking distance of the Expo Line's 17th Street/SMC station and Santa Monica College. UCLA Santa Monica Medical Center and Providence Saint John's Health Center are each about a mile away, with downtown Santa Monica and the 10 Freeway close by. In one of the most supply-constrained rental markets in Los Angeles County, 1754 15th Street offers an investor a well-located, all 2-bedroom building with a long runway of rental growth.
Property details
- MLS number
- 26106913
- Status
- Active
- Type
- Residential Income
- Beds / baths
- 12 Beds • 6 Baths
- Living area
- 5,408 (area; units unconfirmed)
- Lot size
- 0.1721 acres
- County
- Los Angeles
- Year built
- 1962
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 8
Building
- Year built
- 1962
- Architectural style
- Mid Century Modern
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Construction
- Stucco
- Condition
- Updated Remodeled
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Appliances
- Gas Oven, Range, Refrigerator
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Fireplace
- None
Exterior & parking
- Total parking spaces
- 15
- Garage spaces
- 0
- Carport spaces
- 15
- Parking
- Assigned, Covered, Garage, Gated, Tandem, Uncovered
- Pool
- None
- Spa
- None
- Patio / porch
- None
- Lot features
- Rectangular Lot
- Property outlook
- City Lights
Utilities & community
- Sewer
- Other
- Community features
- Gated
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Santa Monica High (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 9–12 | 0.6 mi |
| Will Rogers Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.6 mi |
| John Adams Middle (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 6–8 | 0.7 mi |
| Edison Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.8 mi |
| Olympic High (Continuation) (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 9–12 | 0.9 mi |
| McKinley Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.9 mi |
| Grant Elementary (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | Not reported | 0.9 mi |
| Lincoln Middle (school website, opens in a new tab) Santa Monica-Malibu Unified · Santa Monica | 6–8 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,199,000
- MLS-reported original asking price
- $2,199,000
| Observed (UTC) | Asking price |
|---|---|
| Nov 6, 2026 23:22 | $2,199,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Santa Monica
Active residential homes for sale in Santa Monica, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
43 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-11-14 20:04 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗