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833 15th, Santa Monica, California 90403, Santa Monica, 90403 - bed, bath

833 15th, Santa Monica, California 90403 home-pic-0
ACTIVE$3,178,880
833 15th, Santa Monica, California 90403
0Bed
0Bath
6,574Sqft
7,495Lot
Year Built
1953
Close
-
List price
$3.18M
Original List price
$3.18M
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
PW25258566
Home ConditionFair
Features
Deck
View-

About this home

We found 3 Cons,6 Pros.

Prime Santa Monica 6-Unit Gem Near Montana Ave Incredible owner-user or investment opportunity in the heart of Santa Monica. Just steps from iconic Montana Ave, this rare six-unit property blends Westside living with impressive income potential. With two vacant units, the next owner can move in immediately or position the building for strong market rents in Santa Monica’s high-demand rental environment. Enjoy unmatched walkability to La La Land Cafe, Whole Foods, boutique shops, and top-tier dining, plus you're only 1.5 miles from the beach. The unit mix includes two 2-bed units, two 3-bed units, one 1-bed unit, and one studio, offering diverse rental options and long-term stability. An ideal opportunity for anyone seeking passive income, value growth, or the flexibility to live in one unit while collecting rent from the others. A true Westside asset with unlimited upside for its next owner.

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.6mi
9/10
Franklin Elementary School
Public,•PK-5•0.7mi
8/10
Lincoln Middle School
Public,•6-8•0.3mi
8/10
Santa Monica High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
11/11/25
Listing
$3,178,880
04/24/19
Sold
$1,700,000
08/08/01
Sold
$1,270,000
Condition Rating
Fair
The property was built in 1953, making it over 70 years old. While the units appear clean and well-maintained, the overall style and features are dated. Unit 1 shows light hardwood floors, basic white tiled bathrooms, and wall heaters. Unit 2 has darker hardwood floors and recessed lighting, indicating some updates, but still features older elements like mirrored closet doors and ceiling fans with dated light kits. Kitchens are not clearly visible, but the general aesthetic suggests they are not modern. The property is functional and livable, but requires minor updates and modernization to meet current market expectations, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Premier Santa Monica Location: Situated in a highly desirable Santa Monica neighborhood, steps from Montana Ave, offering exceptional walkability to upscale dining, shopping, and essential amenities, and just 1.5 miles from the beach.
Significant Income & Owner-User Opportunity: A rare six-unit property with two vacant units, providing immediate income potential through market-rate rentals or the flexibility for an owner to occupy a unit while generating passive income.
Diverse Unit Mix: Features a varied unit composition (two 2-bed, two 3-bed, one 1-bed, one studio), appealing to a broad tenant demographic and enhancing rental stability.
Strong Investment & Appreciation Potential: Positioned as a valuable Westside asset with 'unlimited upside,' indicating robust potential for capital appreciation and long-term value growth in a high-demand market.
Excellent School District Access: Located within a highly-rated school district, adding to its appeal for families and contributing to sustained rental demand and property value.

Cons

Age of Building (1953): Constructed in 1953, the property may require significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and modernization to meet contemporary tenant expectations and maximize rental income.
Potential for Deferred Maintenance/Renovation Costs: Without explicit mention of recent comprehensive renovations, an older multi-unit property often entails substantial costs for deferred maintenance or necessary upgrades to compete effectively in the high-end Santa Monica rental market.
High Acquisition Cost: The substantial list price of over $3.1 million represents a significant financial commitment, potentially narrowing the buyer pool despite the property's strong investment fundamentals.

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