1024 18th Street Santa Monica, CA $ 2,499,000
1024 18th Street
$ 2,499,000
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1024 18th Street

Santa Monica, CA, 90403
$ 2,499,000
Bedrooms6 Baths5.1 Sq 3,641

Monthly Estimate*

$ 17,456

Listed by Coldwell Banker Realty
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Multi-Family Home for sale in Santa Monica, CA

for $2,499,000 with 6 bedrooms and 5 full baths, 1 half bath. This 3,641 square foot home was built in 1924 on a lot size of 0.1518.

Welcome to your next investment opportunity in the heart of Santa Monica's prestigious Wilshire Montana neighborhood! This meticulously maintained 5-unit property boasts a desirable unit mix, including four spacious 1-bedroom/1-bathroom apartments and a charming freestanding home with 2 bedrooms and 2 bathrooms. Investors will appreciate the convenience of four single-car garages dedicated to the 1-bedroom units, offering tenants coveted parking in this sought-after area. Each unit is equipped with separate meters, ensuring hassle-free management and maximizing efficiency for potential landlords. Generating additional income, the property features an onsite laundry area, further enhancing its appeal to savvy investors looking to optimize revenue streams. Situated on a nearly 7,000 square foot lot, with alley access, this property offers both space and convenience. Don't miss out on this rare opportunity to own a prime multi-family property in one of Santa Monica's most coveted neighborhoods. Seize the potential for steady cash flow and long-term appreciation in this thriving rental market. Take the next step towards building your investment portfolio with this exceptional property!

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Multi-Family Active

Price

$ 2,499,000

Bedrooms

6

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1518

Year Built

1924

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

NP24046247

Days on Market

21

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling SeeRemarks
Zoning SMR2*
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 1924
Stories 2
Levels Two
Property SubType Apartment
Gross Income 165000.0
Community Features Curbs Park StreetLights Suburban
County Los Angeles
Net Operating Income 100000.0
Operating Expense 65000.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions On the West side of 18th Street one block North of Wilshire Blvd between California and Washington.
City Santa Monica
Entry Location first and second floors
View Y/N N
Senior Community Y/N N
Total Units 5
MLS Area C14 - Santa Monica
Lot Size Square Feet 6612.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 18th
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 14
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 9
Property Sub Type Additional Apartment
Cap Rate 4.0
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Exterior
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 4.0
Lot Size Area 6612.0
Number of Buildings 2
Spa N
Building Area Total 3641.0
Lot Size Acres 0.1518
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1024
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* Excluded Features
List By
Coldwell Banker Realty

Broker

(949) 644-1600

Phone

Affordability Calculator

$17,456
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,456
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2024$2,499,000 Listed Price

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1024 18th Street, Santa Monica, CA, 90403 is a Multi-Family Home for sale at $2,499,000 with 3,641 sqft and a lot size of 0.1518. 1024 18th Street has 6 bedrooms, 5.1 baths, and was built in 1924. The property's zip code is 90403 which is in Santa Monica, CA