Under Contract

1024 18th ST

SANTA MONICA CA, 90403

$2,499,000


$686.35 per sqft

Under Contract

6 Beds

6 Baths

3,641 sqft

Condo

Built in 1924

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!

NP24046247MR

MLS ID

April 5, 2024

Listed

May 9, 2024

Updated

Map

1024 18th ST
SANTA MONICA CA, 90403

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

6


Laundry Description

Laundry Area


Fireplace

No


Cooling

Yes


Cooling Description

See Remarks


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.15 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Santa Monica


Days on Market

14


Garage

Yes


Garage Spaces

4


Parking Total

4


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

SMR2*

Listing History

Date

Event

Price

4/23/2024

Under Contract

Listed by Blake Nelle with Coldwell Banker Realty
Listing Contact: 949-335-6342 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Coletti | CA DRE# 01939461 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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