Skip main navigation
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

    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!

    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#: NP24046247MLS LogoOriginating 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
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,882,400