1523 18th St Santa Monica, CA 90404
Pico NeighborhoodEstimated payment $14,349/month
Highlights
- Gated Parking
- 4-minute walk to 17 St/ Smc
- Property is near public transit
- McKinley Elementary School Rated A
- Fireplace in Bathroom
- Wood Flooring
About This Home
UPDATED RENT ROLL SHOWS INCREASE IN TOTAL ANNUAL GROSS SCHEDULED INCOME OF $4,424. GRM CHANGE TO 13.79, CAP RATE TO 4.62.
Charming 6 Unit Garden Apartment building on a tree lined street, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite.
Recently landscaped, termite inspection and repair (October 2024), SB-721 inspection report, Santa Monica Residential Building report, main plumbing inspection and drain cap repair,
Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals.
Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.
Listing Agent
Capital RE Group Brokerage Phone: 310-717-9405 License #00639308 Listed on: 05/06/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50x150
- Two or More Common Walls
- Landscaped
- Level Lot
- Front Yard
Home Design
- Apartment
Interior Spaces
- 5,238 Sq Ft Home
- 2-Story Property
- High Ceiling
- Electric Fireplace
- Gas Fireplace
- Living Room with Fireplace
- Dining Room with Fireplace
- Wood Flooring
Kitchen
- Gas and Electric Range
- Free-Standing Range
- Microwave
- Disposal
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 6 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 9 Car Garage
- 9 Carport Spaces
- Parking Available
- Front Facing Garage
- Gated Parking
Accessible Home Design
- Halls are 36 inches wide or more
Outdoor Features
- Fireplace in Patio
- Exterior Lighting
Location
- Property is near public transit
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block T / 181
- Tax Tract Number 701702
- Assessor Parcel Number 4725013025
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 6 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,670
- Insurance Expense $4,259
- Water Sewer Expense $4,670
- Operating Expense $66,753
- Gross Income $157,014
- Net Operating Income $99,451
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/04/2025 07/04/25 | For Sale | $2,225,000 | 0.0% | $425 / Sq Ft |
| 04/10/2025 04/10/25 | Pending | -- | -- | -- |
| 08/07/2024 08/07/24 | Price Changed | $2,225,000 | -11.0% | $425 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $2,500,000 | -- | $477 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24030349
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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