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!
Sold for $2,484,000 on 05/21/24
Listing Provided by:
Blake Nelle DRE #02081490 949-644-1600,
Coldwell Banker Realty
$2,484,000
1024 18th St, Santa Monica, CA 90403
--beds
--baths
3,641sqft
Multi Family
Built in 1924
-- sqft lot
$2,882,400 Zestimate®
$682/sqft
$6,200 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 23, 2024 at 08:29am
Listing Provided by:
Blake Nelle DRE #02081490 949-644-1600,
Coldwell Banker Realty
Bought with:
Dan Mirakhor, DRE #02225827
Berkshire Hathaway HomeServices California Properties
Source: CRMLS,MLS#: NP24046247
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- See Remarks
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,641
- Total interior livable area: 3,641 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: first and second floors
- Pool features: None
Lot
- Size: 6,612 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 4277027017
- Zoning: SMR2*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Park, Street Lights, Suburban
Location
- Region: Santa Monica
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Services availability
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Estimated market value
$2,882,400