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2005 18Th St

Santa Monica, CA 90404
  • $2,675,000
  • STATUS: Active Under Contract
  • ON SITE: 261 Days
  • ID#: 21-704148
Under Contract
UPDATED: 21 min ago
$2,675,000
  • 11
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,675
    SQFT
  • $728
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Great investment opportunity for an investor or an owner/ user. Charming, tranquil, and meticulously manicured 4-plex in the heart of Santa Monica; steps away from Santa Monica College, Pico Blvd. shopping, (including a Whole Foods Market and Trader Joe's), the 10 Freeway, and other convenient connections. Enter the property through a warm and inviting courtyard with drought tolerant landscaping; you will find a 3+2 bedroom House in front (originally built in 1939 but updated since with a permitted addition). You will also find a triplex on the rear portion (built in 1959). All three are spacious 2+1 units; 2 of them have been upgraded. All units are occupied. Each apartment and the House has in-unit laundry hookups; there are machines in the House and 2 of the apartments. There are 4 parking spaces in the rear adjacent to an alley (3 separate garages and one uncovered space). There is also a front garage with a fully improved, but unpermitted living space (including a full bathroom). (This living space has the potential of an ADU, but should be confirmed by buyer, as Owner does not represent if an ADU conversion would be approved). Seismic work already completed. Property has separate electric meters. Central air/heat for House and Unit C. Mostly copper plumbing throughout. Mostly updated electrical throughout. Owner pays utilities for Unit B (per lease agreement).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T20:42:57.367. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.cgluxuryhomesla.com/homes/115005822
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2005 18Th St Santa Monica, CA 90404

  • Price: $2,675,000
  • Status: Active Under Contract
  • On Site: 261 Days
  • Updated: 21 min ago
  • ID#: 21-704148
11
Beds
0
Baths
0
½ Baths
0.18
Acres
3,675
SQFT
$728
$/SQFT
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Great investment opportunity for an investor or an owner/ user. Charming, tranquil, and meticulously manicured 4-plex in the heart of Santa Monica; steps away from Santa Monica College, Pico Blvd. shopping, (including a Whole Foods Market and Trader Joe's), the 10 Freeway, and other convenient connections. Enter the property through a warm and inviting courtyard with drought tolerant landscaping; you will find a 3+2 bedroom House in front (originally built in 1939 but updated since with a permitted addition). You will also find a triplex on the rear portion (built in 1959). All three are spacious 2+1 units; 2 of them have been upgraded. All units are occupied. Each apartment and the House has in-unit laundry hookups; there are machines in the House and 2 of the apartments. There are 4 parking spaces in the rear adjacent to an alley (3 separate garages and one uncovered space). There is also a front garage with a fully improved, but unpermitted living space (including a full bathroom). (This living space has the potential of an ADU, but should be confirmed by buyer, as Owner does not represent if an ADU conversion would be approved). Seismic work already completed. Property has separate electric meters. Central air/heat for House and Unit C. Mostly copper plumbing throughout. Mostly updated electrical throughout. Owner pays utilities for Unit B (per lease agreement).
Exterior Features

Covered Parking 3 Lot Size Area 7993 Other Structures None Parking Garage GarageDriveway - PaversOn Street Style Traditional Total Parking 4 View Description None View YN No

Interior Features

Baths Total 5.00 Common Walls Attached Cooking Appliances Cooktop - GasMicrowave Cooling CentralCeiling FanAir ConditioningWall/Window Equipment Ceiling FanDishwasherGarbage DisposalMicrowaveBuilt-InsWasherDryerOtherRefrigerator Flooring LaminateCarpet Heating Central Kitchen Features Counter Top Laundry In Unit

Property Features

Assessed Total Value 983111 Gross Income 118308 Gross Operating Income 119808 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 87143.00 Number Of Buildings 2 Number Of Units 4 Property Condition Updated/Remodeled Sale Type Standard Security Features None Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 31165 Type Of Units Apartments Water Public Zoning Smr2*

Listing provided courtesy of James Silton DRE#01302866 of Silton Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T20:42:57.367. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Compass California
2115 Main Street
Santa Monica CA, 90405