Santa Monica, CA 90403,1024 18th ST
Santa Monica, CA 90403,1024 18th ST
Santa Monica, CA 90403,1024 18th ST
Santa Monica, CA 90403,1024 18th ST
Santa Monica, CA 90403,1024 18th ST
Santa Monica, CA 90403,1024 18th ST
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$2,484,000

$2,499,000

0.6%
Est.Price: ?

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Est. payment /mo

6,612 Sqft Lot


SOLD DATE : 05/21/2024

Key Details

Sold Price $2,484,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP24046247

Sold Date 05/21/24

HOA Y/N No

Year Built 1924

Lot Size 6,612 Sqft

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!

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Cooling See Remarks

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Park, Street Lights, Suburban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4277027017

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Blake Nelle • Coldwell Banker Realty
Bought with Dan Mirakhor • Berkshire Hathaway HomeServices California Properties
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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