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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

    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.

    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#: 24-371487MLS LogoOriginating 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
    Services availability