Seller's Agent in 2024
Blake Nelle
Coldwell Banker Realty
(949) 734-6500
1 in this area
59 Total Sales
1024 18th St Santa Monica, CA 90403
Wilshire Montana Neighborhood
6
Beds
6
Baths
3,641
Sq Ft
6,612
Sq Ft Lot
Highlights
- No HOA
- Cooling Available
- Laundry Room
- Franklin Elementary School Rated A+
- Park
- Wall Furnace
About This Home
As of May 2024Welcome 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!
Last Agent to Sell the Property
Coldwell Banker Realty License #02081490 Listed on: 04/08/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,612 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,641 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Utilities
- Cooling Available
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 9 / 1
- Tax Tract Number 8004
- Assessor Parcel Number 4277027017
- $1,589 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Operating Expense $65,000
- Gross Income $165,000
- Net Operating Income $100,000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2024 05/21/24 | Sold | $2,484,000 | -0.6% | $682 / Sq Ft |
| 04/08/2024 04/08/24 | For Sale | $2,499,000 | -- | $686 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Blake Nelle
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24046247
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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