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$5,045,000
848 18th St, Santa Monica, CA 90403
14 Beds
14 Baths
9,318 SqFt

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Back on the Market. This property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units are high quality renovations (as seen in the pics). The rest are in great shape, just not high quality (new). Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit is complete. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. An upper 1250 SF Unit just rented for $4,800.
  • Price:
  • $5,045,000
  • Bedrooms:
  • 14
  • Square Footage:
  • 9,318
  • Acreage:
  • 0.18
  • Year Built:
  • 1962
  • Listing ID #:
  • 22-131101
  • Street Address:
  • 848 18th St
  • City:
  • Santa Monica
  • State:
  • California
  • Postal Code:
  • 90403
  • County:
  • Los Angeles
  • Community:
  • Santa Monica
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Building Condition:
  • Updated/Remodeled
  • Building Security:
  • Gated
  • Number Of Units:
  • 7
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 9318
  • Year Built:
  • 1962
  • Gross Income:
  • 297876
  • Net Operating Income:
  • 196119.00
  • Conforms To Zoning:
  • Smr2*
  • Lot Square Footage:
  • 7975
  • Days On Market:
  • 212
  • Property Disclosures:
  • As Is, Exclusions Call Agent, Rent Control, Listing Broker Advantage
  • Owner Pays:
  • Water, Electricity, Gardener
  • Price Per Square Foot:
  • 541.43
  • Tenant Pays:
  • Gas, Electricity
  • Parking Description:
  • Carport
  • Parking Spaces:
  • 11
  • Patio Description:
  • Deck(s), Enclosed, Balcony
  • Existing Water:
  • Meter On Property
  • Laundry:
  • Laundry Area, In Unit
  • Sewage Type:
  • In Street
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By of
  • CACLAW

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