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1024 18th Street, Santa Monica, CA 90403
$2,484,000
1024 18th Street, Santa Monica, CA 90403View this property at 1024 18th Street, Santa Monica, CA 90403
1024 18th StreetSanta MonicaCA90403
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Property Description
Welcome to your next investment opportunity in the heart of Santa Monica's prestigious Wilshire Montana neighborhood! This meticulously maintained 5-unit property boasts a desirable unit mix, including four spacious 1-bedroom/1-bathroom apartments and a charming freestanding home with 2 bedrooms and 2 bathrooms. Investors will appreciate the convenience of four single-car garages dedicated to the 1-bedroom units, offering tenants coveted parking in this sought-after area. Each unit is equipped with separate meters, ensuring hassle-free management and maximizing efficiency for potential landlords. Generating additional income, the property features an onsite laundry area, further enhancing its appeal to savvy investors looking to optimize revenue streams. Situated on a nearly 7,000 square foot lot, with alley access, this property offers both space and convenience. Don't miss out on this rare opportunity to own a prime multi-family property in one of Santa Monica's most coveted neighborhoods. Seize the potential for steady cash flow and long-term appreciation in this thriving rental market. Take the next step towards building your investment portfolio with this exceptional property!
Full Property Details
Full Property Details for 1024 18th St
General
- Sold For: $2,484,000
- Status: Closed
- Type: Multi-Family
- MLS ID: NP24046247
- Added to Site: 68 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: C14 - Santa Monica
- County: Los Angeles
- Development Name: C14 - Santa Monica
- Driving Directions: On the West side of 18th Street, one block North of Wilshire Blvd between California and Washington.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 5
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Entry Location: first and second floors
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,641
- Year Built: 1924
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1518
- Lot Size Source: Assessor
- Zoning: SMR2*
- Lot Description: 2-5 Units/Acre, Lot 6500-9999
Financial Considerations
- Price Per Sq. Ft.: $682.23
- Price Per Unit: 499800
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
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Schools
Schools serving 1024 18th St
School District:Santa Monica-Malibu Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2400 Montana Ave, Santa Monica, CA 90403 | K-5 | 0.6 mi | |
1501 California Ave, Santa Monica, CA 90403 | 6-8 | 0.2 mi | |
601 Pico Blvd, Santa Monica, CA 90405 | 9-12 | 1.4 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 1024 18th St
Date
Details
Price
Change
Source
5/21/2024
Sold
$2,484,000
-0.6%
MLS
4/08/2024
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1024 18th Street, Santa Monica, CA 90403 (MLS# NP24046247) is a Multi-Family property that was sold at $2,484,000 on May 21, 2024. This property was listed by Blake Nelle from our Newport Beach Office.Want to learn more about 1024 18th Street? 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.