Sold
848 18th St
Santa Monica CA, 90403
$4,750,000
$509.77 per sqft
Sold
14 Beds
9,318 sqft
Residential
Built in 1962
Seven generously sized 2+2 units nestled in an excellent Santa Monica location. This property offers a solid 4.99% in-place Cap rate. Modern features such as copper plumbing, upgraded electrical systems including electrical car chargers in parking area, and a newer roof (2018) ensure durability and efficiency. Four the units have been upgraded with in-unit washers/dryers. Security is enhanced with newly gated premises, providing peace of mind to occupants. Additionally, a newly installed water heater adds further value to the property.Furthermore, investors will find potential for expansion with plans ready to submit for an Additional Dwelling Unit (ADU), capitalizing on the demand for flexible living spaces. Please contact us for an OM.
24-371487
MLSⓇ ID
March 21, 2024
Listed
May 1, 2024
Updated
Map
848 18th St
Santa Monica CA, 90403
Interior Features
Total Stories
2
Bedrooms
14
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
Santa Monica
Garage
No
Parking
Carport
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
SMR2*
Listing History
Date | Event | Price |
|---|---|---|
4/30/2024 | Sold | $4,750,000 |
3/22/2024 | Pending | — |
Listed by Kelly Morgan with KW Advisors
Listing Contact: 310-836-3638
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 Susan Smith shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/1/2024
