CA > Santa Monica
Santa Monica, CA 90403,823 18th ST
Santa Monica, CA 90403,823 18th ST
Santa Monica, CA 90403,823 18th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,495,000
Est. payment /mo
9 Beds
5 Baths
4,313 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,313 sqft

Price per Sqft $578

MLS Listing ID 25504777

Bedrooms 9

HOA Y/N No

Year Built 1948

Lot Size 7,988 Sqft

Property Description

823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4277008064

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Errol Spiro • Miller & Desatnik Realty Co.

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