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Closed
- Listed price
- $5,095,000
- Listed May 26, 2017
- Sold price
- $5,340,000
- Sold Sep 15, 2017
7,497 sqft lot|1990 Built|44 MLS days on market
1537 15TH St, Santa Monica, CA 90404
Property Description
7-unit apartment building in Santa Monica. The property was built in 1990 and is comprised of 3-story, townhome-style units over a subterranean parking garage. Each unit has a washer/dryer, gas fireplace, patio and a balcony. 1537 15th St is not subject to rent control. Current rents are approx 15.6% under market value. If a buyer were to purchase the property at the asking price and increase the rents to market at the tenants' suitable anniversaries, the cap rate would be +/-4.12%. The property is less than one block to the Metro Expo SMC Station, which connects Santa Monica to Culver City, Downtown LA, Pasadena, the San Fernando Valley, the South Bay and Long Beach. Residents can easily get to the Third Street Promenade and the Santa Monica Pier. The property is one block to Co+opportunity Market & Deli, five blocks to Crossroads Elementary, less than one mile to Santa Monica Community College and about one mile to Montana Ave. It lies within the SM-Malibu Unified School District.
Listing agent: Laurie LustigDRE #00979360laurie.lustig-bower@cbre.com, Listing office: Laurie J. Lustig
MLS data updated 11/3/2026, 4:17:50 PM PT
Source: CRMLSMLS #: 17235228
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,340,000
Sep 15, 2017
Available records22017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90404 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90404 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.