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… Read More 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. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,313
Lot Size
0.18 Acres
Year Built
1948
MLS Number
25504777
30 Days Snapshot Of 90403
$1,961k
-7%
(avg) sold price
9
-25%
homes sold
43
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,313 sq ft, Built in 1948, Levels: Two
Cooling
None
Disclosures
None
Garage
Carport
Heating
None
Lot
LotAcreage: 0.1834, LotSizeArea: 7,990
Parking
TotalParking: 3
Property
NumberOfUnits: 5, Zoning: SMR2*
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