1547 Stanford St 5 Unit Apartment Building $2,964,699 CAD ($592,940 CAD/Unit) 5.16% Cap Rate Santa Monica, CA 90404

Matthews™ is pleased to present a prime opportunity to acquire 1547 Stanford Street, an exceptionally well-maintained 6-unit, townhome-style apartment building located in the vibrant Mid-City neighborhood of Santa Monica. Situated just south of Santa Monica Boulevard and west of Centinela Avenue, the property sits less than half a mile from the 26th Street Metro Station, offering residents exceptional access to transit, employment hubs, and major retail corridors. Tenants benefit from a highly convenient location surrounded by top-tier restaurants, shopping centers, grocery stores, retail, and entertainment options – all within minutes of the property. Easy access to the Metro Line, along with proximity to the 10 and 405 freeways, provides residents with seamless connectivity to major employment hubs and destinations throughout Los Angeles.
The property consists of six large, two-story townhome-style units, including (3) three-bedroom / 2.5-bath units and (3) two-bedroom / 1.5-bath units, totaling over 8,500 rentable square feet. Each unit offers spacious open floor plans, private patio, walk-in closets, coat/storage space, and an abundance of natural light. One (1) three-bedroom unit will be delivered vacant at the close of escrow, providing immediate upside for a new owner. The building has undergone significant recent capital improvements, including a new roof, windows, plumbing, main sewer line, soft-story retrofit, and more. Additional highlights include on-site laundry (leased), three (3) single garages, two (2) tandem tuck-under spaces, and separate gas and electric meters—helping minimize operating expenses.
1547 Stanford Street represents a rare opportunity to acquire a pride of ownership, value-add property in one of Westside’s most supply-constrained rental markets. With over 55% rental upside potential, low operating expenses, and no immediate need for major capital improvements, the property allows investors to focus capital on interior upgrades and rent repositioning rather than costly capital expenditure work. This combination of strong day-one cash flow, long-term income growth, and minimal deferred maintenance makes it an ideal long-term investment in one of Santa Monica’s most desirable submarkets.