1227 18th

    Santa Monica, CA 90404
    • $2,650,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: PW19186464
    UPDATED: 62 min ago
    $2,650,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,530
      SQFT
    • $585
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Don+GGt miss this rare opportunity to own a 7-Unit apartment complex in the heart of Santa Monica. All units currently rented out. The offering includes 5 one-car garages and income producing laundry area. Three of the seven units have renovated kitchens. Minutes from schools, shopping, Metro, and much more. This will not last!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T00:34:05.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/98192421

    1227 18th Santa Monica, CA 90404

    • Price: $2,650,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: PW19186464
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,530
    SQFT
    $585
    $/SQFT
    1940
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Don+GGt miss this rare opportunity to own a 7-Unit apartment complex in the heart of Santa Monica. All units currently rented out. The offering includes 5 one-car garages and income producing laundry area. Three of the seven units have renovated kitchens. Minutes from schools, shopping, Metro, and much more. This will not last!
    Exterior Features

    Garage Spaces 5.00 Lot Features Level With Street Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 750 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.80 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Rental Rate 400.00 Gross Income 131480.00 Gross Scheduled Income 131480.00 Insurance Expense 3070.00 Land Lease YN No Laundry YN Yes Licenses Expense 117.75 Net Operating Income 101398.00 New Construction YN No New Taxes Expense 20273.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Operating Expense 30082.00 Other Expense 1386.00 Other Expense Description Rent Con Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 30082.00 Trash Expense 0.00 Water Sewer Expense 2862.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Keven Stirdivant of Keller Williams Pacific Estate and Arash Ehsani of Excel Credit And Financial Services, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T00:34:05.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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