848 18TH ST

SANTA MONICA, CA, 90403

$5,045,000

$541 per ft²
$5,045,000
$541 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
14 Baths
carpenters-square
9,318 ft²
property_type
Multi-family
calendar
Built 1962
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. The property has about 35% upside. Note that the income includes the September 1, 2022 (6%) rent increases.
MLS® ID:
22-131101
Listed:
2/23/22
Updated:
8/19/22

Interior Features

Total Bedrooms
14
Total Bathrooms
14
Laundry Description
Laundry Area, In Unit
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
7,975 ft² lot
Sewer
In Street

Other Property Details

Garage
No
Parking
Carport
Parking Total
11.0
View
N
County
Los Angeles
Water Source
Meter on Property
Pool
No
Zoning
SMR2*

Property History

Date
Event
Price
Value
8/13/22
Active
-
-

 

Courtesy of Peter Ciriello, LA Commercial

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 Diana Braun shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/19/22

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