We are pleased to offer for sale an incredible multifamily asset located at 1421 Yale Street in the heart of LA's famed beach city of Santa Monica.

Built in 1971, the build ing boasts an incredible unit mix consisting of all large 2 and 3-bedroom townhouse floor plans (except for one single-level unit). Each of these units is spacious, has a terrific layout and offers an abundance of natural light. Perfect for a long-term investor, the property has massive rental upside, as current rents hover around $1.18/SQFT. The unit mix includes (2) 3-bed, 2-1/2-bath townhouse units, (2) 3-bed, 2-bath townhouse units, (1) 2-bed, 1-1/2-bth townhouse unit and (1) 2-bed, 2-bath standard unit.

At $280/SQFT, this is a fantastic trophy asset in an undeniably attractive location that offers investors a quintessential value add opportunity. A quick walk to high-end dining, nightlife venues and public transportation, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

Request Information
on 1421 Yale St
in Santa Monica, CA
Presented by Robert Renshaw at
RE MAX Commercial & Investment Realty.


Property MLS #23-337461 from TheMLSCLAW

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+ Bedrooms

Bedrooms: 16

+ Bathrooms

Total Bathrooms: 14
Full Bathrooms: 14

+ Land Info

Lot Size Acres: 0.1788338
Lot Size Source: Assessor
Lot Size Square Feet: 7790

+ Garage and Parking

Garage Description: Carport, Garage
Parking Total: 11

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 6
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2.5, 1 SquareFeet: 10250, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 9000, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 3250, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 3250

+ Other Property Info

Source Listing Status: Pending
County: Los Angeles
Directions: Yale south of Santa Monica
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4267-018-010
Postal Code Plus 4: 3156
Zoning: SMR2
Source System Name: C2C
+ Reveal Property Sale History

Listed 2023-12-05
$2,495,000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 71069

+ Building and Construction

Total Square Feet Living: 8934
Year Built: 1971
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 53
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

+ Display Complete School Details

McKinley Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Lincoln Middle School is a public middle school located approximately 1.2 miles away.
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Santa Monica High School is a public high school located approximately 1.8 miles away.
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Lighthouse Christian Academy is a private high school located approximately 0 miles away.
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