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    1015 18TH St

    Santa Monica, CA 90403
    • $4,695,000
    • STATUS: Active
    • ON SITE: 163 days
    • ID#: 20-578542
    $4,695,000
    • 12
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,998
      SQFT
    • $522
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    Don't miss out on the rare opportunity to acquire this unique six-unit building located in a prime area in Santa Monica, on a lush and peaceful street north of Wilshire Blvd. Luxurious and huge units, much larger than the normal sized SM apartment. These are units of which family compounds are made. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with two vacant units (A 3 BD, and a 2 B) which the buyer can bring to market rent with all the huge upside.Two of the 2 BD / 2 BA have been completely remodeled including new floors, new countertops stainless steel appliances, a four-burner gas range, subway tiles in the bathrooms, and large mirrored closets.The three-level front unit would be ideal for an owner occupancy, featuring three bedrooms, two and a half bathrooms, and a two-car garage with driveway.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-24T23:42:24.873. 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.randyplaice.com/homes/105853788
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    1015 18TH St Santa Monica, CA 90403

    • Price: $4,695,000
    • Status: Active
    • ID#: 20-578542
    12
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,998
    SQFT
    $522
    $/SQFT
    1968
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Don't miss out on the rare opportunity to acquire this unique six-unit building located in a prime area in Santa Monica, on a lush and peaceful street north of Wilshire Blvd. Luxurious and huge units, much larger than the normal sized SM apartment. These are units of which family compounds are made. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with two vacant units (A 3 BD, and a 2 B) which the buyer can bring to market rent with all the huge upside.Two of the 2 BD / 2 BA have been completely remodeled including new floors, new countertops stainless steel appliances, a four-burner gas range, subway tiles in the bathrooms, and large mirrored closets.The three-level front unit would be ideal for an owner occupancy, featuring three bedrooms, two and a half bathrooms, and a two-car garage with driveway.
    Exterior Features

    Covered Parking 6 Lot Size Area 8815 Other Structures None Parking Garage Driveway - CombinationGarageGarage - 2 CarGarage Is AttachedParking Space Total Parking 7

    Interior Features

    Bathroom Features RemodeledShower And Tub Baths Total 12.50 Bedroom Features Master Bedroom Cooking Appliances Free Standing Gas Cooling None Equipment Ceiling FanDishwasherFreezerHood FanRange/OvenRefrigerator Heating Wall Gas Laundry Laundry Area Laundry Equipment Lease

    Property Features

    Electric Expense 859.00 Gardener Expense 1373.00 Gross Income 282576 Gross Operating Income 282576 Insurance Expense 6567.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Maintenance Expense 7622.00 Net Operating Income 186394.00 Number Of Buildings 1 Number Of Units 6 Owner Pays Gardener Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 96182 Type Of Units Apartments Water Expense 6203.00 Year Built Source Other Zoning Smr2*

    Listing provided courtesy of Vanessa Pineda DRE#01810936 of La's Best Property Management, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-24T23:42:24.873. 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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    Valencia CA, 91355