1847 18TH Street

    Santa Monica, CA 90404
    • $1,849,999
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 19515628
    UPDATED: 6 min ago
    $1,849,999
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,451
      SQFT
    • $755
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    Santa Monica Triplex with Excellent Owners Unit. Currently three 2 bedroom/ 1 bathroom units, where one of the units has an additional studio / office / bonus space with bathroom, across from the enclosed yard for owners unit. Two units currently rented out and Unit B delivered vacant perfect for the owner / occupier or income opportunity for at least $4,500/ month. One garage space being rented out for $250 per month. Building has newer roof, newer plumbing, newer rain gutters, newer electrical panel, newer windows, newer landscaping, Major remodel in Unit B. This is a corner lot which could be developed to put condos to reflect what is occurring directly across the street with projected 3 luxury condos. Santa Monica Rent Control exemption / inquire with city. Walking distance to Metro station, Whole Foods365, Santa Monica schools like SMC and JAMS....

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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/99451616

    1847 18TH Street Santa Monica, CA 90404

    • Price: $1,849,999
    • Status: Active
    • Updated: 6 min ago
    • ID#: 19515628
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,451
    SQFT
    $755
    $/SQFT
    1944
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Santa Monica Triplex with Excellent Owners Unit. Currently three 2 bedroom/ 1 bathroom units, where one of the units has an additional studio / office / bonus space with bathroom, across from the enclosed yard for owners unit. Two units currently rented out and Unit B delivered vacant perfect for the owner / occupier or income opportunity for at least $4,500/ month. One garage space being rented out for $250 per month. Building has newer roof, newer plumbing, newer rain gutters, newer electrical panel, newer windows, newer landscaping, Major remodel in Unit B. This is a corner lot which could be developed to put condos to reflect what is occurring directly across the street with projected 3 luxury condos. Santa Monica Rent Control exemption / inquire with city. Walking distance to Metro station, Whole Foods365, Santa Monica schools like SMC and JAMS....
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Appliances DisposalRefrigerator Appliances YN Yes Laundry Features Individual RoomWasher IncludedSee Remarks

    Property Features

    Cap Rate 6.70 Gross Multiplier 14.01 Gross Operating Income 135600.00 Improvements Amount 231602 Land Value 925331 Laundry YN Yes Net Operating Income 129000.00 Special Listing Conditions Standard Total Expenses 6600.00 Zoning Smr2*

    Listing provided courtesy of Alex 'Zan' Sacker of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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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