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848 18Th St

Santa Monica, CA 90403
  • $4,995,000
  • STATUS: Active
  • ON SITE: 195 Days
  • MLS #: 21-736294
UPDATED: 25 min ago
$4,995,000
  • 14
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,318
    SQFT
  • $536
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

REDUCED. 800 block of 18th Street at the top of Montana's strip. 7 extra large 2+2s, (5) 1250 SF, (2) 1450 SF. Laundry in unit for 3 of 7 units. All units have patios/decks. One unit is fully renovated, with stainless steel appliances, washer/dryer, new kitchen and bath, air conditioning, etc. - other units in various stages of renovation. Units 3, 5, 6 all have washer/dry hookups, and gas lines in patios (for grills). New roof in 2018, Copper Plumbing, electrical upgraded. 90% electric building (low expenses). Units have separate entrances and large private balconies/patios. The property is gated and has parking for 9 cars. Currently unit 6 is gutted with work awaiting permits before proceeding. Price is with unit 6 as is, (renovation of unit 6 expected to be $40-50k) There is a laundry room on site with owner owned facilities (using a service for phone pay on machines).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/117571952
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848 18Th St Santa Monica, CA 90403

  • Price: $4,995,000
  • Status: Active
  • On Site: 195 Days
  • Updated: 25 min ago
  • MLS #: 21-736294
14
Beds
0
Baths
0
½ Baths
0.18
Acres
9,318
SQFT
$536
$/SQFT
1962
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
REDUCED. 800 block of 18th Street at the top of Montana's strip. 7 extra large 2+2s, (5) 1250 SF, (2) 1450 SF. Laundry in unit for 3 of 7 units. All units have patios/decks. One unit is fully renovated, with stainless steel appliances, washer/dryer, new kitchen and bath, air conditioning, etc. - other units in various stages of renovation. Units 3, 5, 6 all have washer/dry hookups, and gas lines in patios (for grills). New roof in 2018, Copper Plumbing, electrical upgraded. 90% electric building (low expenses). Units have separate entrances and large private balconies/patios. The property is gated and has parking for 9 cars. Currently unit 6 is gutted with work awaiting permits before proceeding. Price is with unit 6 as is, (renovation of unit 6 expected to be $40-50k) There is a laundry room on site with owner owned facilities (using a service for phone pay on machines).
Exterior Features

Covered Parking 9 Cross Streets Montana Lot Description 5 + Lots Lot Size Area 7975 Other Structures None Parking Garage Carport Total Parking 9

Interior Features

Baths Total 14.00 Common Walls Attached Cooling Other Equipment DishwasherDryerGarbage DisposalFreezerWasher Flooring Hardwood Heating Central Laundry In UnitLaundry Area Laundry Equipment Lease

Property Features

Alley YN Yes Assessed Total Value 4000000 Gross Income 281184 Gross Operating Income 272748 Like Units1 5 Like Units2 2 Net Operating Income 182573.00 Number Of Buildings 1 Number Of Units 7 Owner Pays ElectricityGasWaterGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityCable Tv Total Annual Expense 90174 Type Of Units 2+2 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Peter Ciriello DRE#01418188 of La Commercial.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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