Seven generously sized 2+2 units nestled in an excellent Santa Monica location. This property offers a solid 4.99% in-place Cap rate. Modern features such as copper plumbing, upgraded electrical systems including electrical car chargers in parking area, and a newer roof (2018) ensure durability and efficiency. Four the units have been upgraded with in-unit washers/dryers. Security is enhanced with newly gated premises, providing peace of mind to occupants. Additionally, a newly installed water heater adds further value to the property.Furthermore, investors will find potential for expansion with plans ready to submit for an Additional Dwelling Unit (ADU), capitalizing on the demand for flexible living spaces. Please contact us for an OM.
Sold for $4,750,000 on 04/30/24
$4,750,000
848 18th St, Santa Monica, CA 90403
4beds
4baths
--sqft
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$--/sqft
$4,445 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 01, 2024 at 04:16am
Listed by:
KW Advisors,
Peter Ciriello DRE #01418188 310-980-4562,
LA Commercial
Bought with:
Chase Simonton, DRE #01766871
RE/MAX One
Source: SDMLS,MLS#: 24-371487
Originating MLS: Out of Area Board

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Other/Remarks
Cooling
- Other/Remarks
Interior area
- Total structure area: 0
Property
Features
- Levels: 2 Story
Lot
- Size: 7,975 sqft
- Dimensions: 50 x 160
Details
- Zoning: SMR2*
- Zoning description: SMR2*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Community & neighborhood
Location
- Region: Santa Monica