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848 18th St, Santa Monica, CA 90403
$4,750,000
848 18th St, Santa Monica, CA 90403View this property at 848 18th St, Santa Monica, CA 90403
848 18th StSanta MonicaCA90403
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Property Description
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.
Full Property Details
Full Property Details for 848 18th St
General
- Sold For: $4,750,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-371487
- Added to Site: 59 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 14
Bedrooms
- Total Bedrooms: 14
Additional Information
- Other Features: None
Parking
- Garage Description: Carport
Location
- Area: Santa Monica
- County: Los Angeles
- Driving Directions: North of Idaho Ave, South of Montana Ave, East of 17th St, West of 19th St
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 9,318
- Sq. Ft. Source: Assessor
- Year Built: 1962
- Year Built Source: Assessor
Unit Information
- Units in Complex: 7
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1831
- Lot Size: 7977
- Lot Size Source: Assessor
- Lot Dimensions: 50 x 160
- Zoning: SMR2*
Financial Considerations
- Price Per Sq. Ft.: $520.5
- Assessment Year: 1962
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4277-008-010
Listed by KW Advisors, Kelly Morgan and LA Commercial, Peter Ciriello
Sold by RE/MAX One, Chase Simonton
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Schools
Schools serving 848 18th St
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2400 Montana Ave, Santa Monica, CA 90403 | K-5 | 0.5 mi | |
1501 California Ave, Santa Monica, CA 90403 | 6-8 | 0.3 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 848 18th St
Date
Details
Price
Change
Source
4/30/2024
Sold
$4,750,000
-2.06%
MLS
3/21/2024
Listed
$4,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
848 18th St, Santa Monica, CA 90403 (MLS# 24-371487) is a Multi-Family property that was sold at $4,750,000 on April 30, 2024. Want to learn more about 848 18th St? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.