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Premier Owner User Property in Santa Monica 1530 Harvard St 6 Unit Apartment Building $3,990,000 ($665,000/Unit) Santa Monica, CA 90404
INVESTMENT HIGHLIGHTS
- Rare 6-Unit Offering in Prime Santa Monica: Ideally located on a quiet, tree-lined street near Wilshire Boulevard, Montana Avenue, and the beach
- (1) large owner’s unit and (5) two-bedroom apartments — highly attractive for professional and family tenants alike
- Demonstrates exceptional pride of ownership and long-term stability
- Approximately 3,080 SQFT, designed as a 6-bedroom, 5-bath residence that can also be divided into two 3-bedroom, 2½-bath living quarters
- Below-market rents in the five two-bedroom units provide excellent income growth potential through turnover or renovation
- A premier coastal multifamily asset combining luxury living, flexibility, and strong appreciation potential
EXECUTIVE SUMMARY
Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present an exceptional 6-unit investment opportunity located in the heart of Santa Monica. This rare offering includes an incredible newly built 6-bedroom, 5-bath townhome-style owner’s unit spanning approximately 3,080 square feet, representing one of the most extraordinary owner-user opportunities available in Santa Monica today.
The owner’s unit has been thoughtfully designed to allow for versatile use — it can function as a single expansive 6-bedroom residence or be configured as two separate 3-bedroom, 21/2-bath living quarters, providing flexibility for multigenerational living, partial rental income, or dual occupancy.
The remaining five units feature an ideal mix of 2-bedroom floor plans, each offering tremendous rental upside and excellent natural light. The property has been family-owned and meticulously maintained for many years, providing both stability and strong income potential. With the impressive income from the five rental units, an owner-occupant can significantly offset any mortgage costs while enjoying the luxury and scale of the custom-built main residence.
Ideally situated on a beautiful, tree-lined street, the property enjoys close proximity to Brentwood, Culver City, and Century City, offering convenient access to major employment hubs, studios, and entertainment destinations. Residents benefit from being just minutes away from Santa Monica’s world- class dining, high-end shopping, and vibrant nightlife, as well as the beach and the bustling Montana Avenue and Wilshire Boulevard corridors.
This is a generational opportunity to acquire a premier multifamily asset with both strong in-place income and significant upside potential — perfectly suited for an owner-user or investor seeking long- term appreciation and flexibility in one of Los Angeles’ most sought-after coastal markets.
The owner’s unit has been thoughtfully designed to allow for versatile use — it can function as a single expansive 6-bedroom residence or be configured as two separate 3-bedroom, 21/2-bath living quarters, providing flexibility for multigenerational living, partial rental income, or dual occupancy.
The remaining five units feature an ideal mix of 2-bedroom floor plans, each offering tremendous rental upside and excellent natural light. The property has been family-owned and meticulously maintained for many years, providing both stability and strong income potential. With the impressive income from the five rental units, an owner-occupant can significantly offset any mortgage costs while enjoying the luxury and scale of the custom-built main residence.
Ideally situated on a beautiful, tree-lined street, the property enjoys close proximity to Brentwood, Culver City, and Century City, offering convenient access to major employment hubs, studios, and entertainment destinations. Residents benefit from being just minutes away from Santa Monica’s world- class dining, high-end shopping, and vibrant nightlife, as well as the beach and the bustling Montana Avenue and Wilshire Boulevard corridors.
This is a generational opportunity to acquire a premier multifamily asset with both strong in-place income and significant upside potential — perfectly suited for an owner-user or investor seeking long- term appreciation and flexibility in one of Los Angeles’ most sought-after coastal markets.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$262,488
|
$25.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,875
|
$0.77
|
| Effective Gross Income |
$254,613
|
$25.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$87,052
|
$8.55
|
| Net Operating Income |
$167,561
|
$16.45
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $262,488 |
| Annual Per SF | $25.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,875 |
| Annual Per SF | $0.77 |
| Effective Gross Income | |
|---|---|
| Annual | $254,613 |
| Annual Per SF | $25.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $87,052 |
| Annual Per SF | $8.55 |
| Net Operating Income | |
|---|---|
| Annual | $167,561 |
| Annual Per SF | $16.45 |
PROPERTY FACTS
| Price | $3,990,000 | Building Class | C |
| Price Per Unit | $665,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,080 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Low-Rise | Parking Ratio | 1.27/1,000 SF |
| Zoning | SMR2* | ||
| Price | $3,990,000 |
| Price Per Unit | $665,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,080 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | SMR2* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+5 | 1 | - | 3,080 |
| 2+2 | 3 | - | 850 |
| 2+1 | 2 | - | 800 |
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Walker's Paradise (90)
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Biker's Paradise (96)
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Premier Owner User Property in Santa Monica | 1530 Harvard St
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