1028 18TH Street

    Santa Monica, CA 90403
    • $2,995,000
    • STATUS: Active Under Contract
    • ON SITE: 53 days
    • ID#: 18327924
    Under Contract
    $2,995,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,029
      SQFT
    • $497
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    5 unit building in the happening World Renowned Silicon Beach & Prime Santa Monica location! Prime pride of ownership building was built by the family & was occupied by the owner in Unit #1 with ample storage space, a classic fireplace with mid-century modern design. All units have private patios. Property has NEVER been offered for sale, 6029 square feet on a 6622 square foot lot built in 1965. Located in one the most desirable locations in the heart of Santa Monica, walking distance to happening shops, dining & nightlife on Montana Avenue & close to the 3rd Street Promenade and Santa Monica Pier. Individual meters for gas & electric. 2 car garage located in front of the property with 2 open spaces & 4 covered parking spaces in the rear of the property along with 4 storage spaces. Situated in a very high demand rental market with scarce inventory.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-22T00:28:31.75. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.teamforss.com/homes/82125168

    1028 18TH Street Santa Monica, CA 90403

    • Price: $2,995,000
    • Status: Active Under Contract
    • ID#: 18327924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,029
    SQFT
    $497
    $/SQFT
    1965
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    5 unit building in the happening World Renowned Silicon Beach & Prime Santa Monica location! Prime pride of ownership building was built by the family & was occupied by the owner in Unit #1 with ample storage space, a classic fireplace with mid-century modern design. All units have private patios. Property has NEVER been offered for sale, 6029 square feet on a 6622 square foot lot built in 1965. Located in one the most desirable locations in the heart of Santa Monica, walking distance to happening shops, dining & nightlife on Montana Avenue & close to the 3rd Street Promenade and Santa Monica Pier. Individual meters for gas & electric. 2 car garage located in front of the property with 2 open spaces & 4 covered parking spaces in the rear of the property along with 4 storage spaces. Situated in a very high demand rental market with scarce inventory.
    Exterior Features

    Lot Size Units Square Feet Parking Features CarportGarage - Two DoorCarport AttachedDriveway - Concrete Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.34 Gross Multiplier 20.13 Gross Operating Income 148800.00 Improvements Amount 263853 Land Value 278420 Laundry YN Yes Net Operating Income 137357.00 Special Listing Conditions Standard Total Expenses 11442.00 Zoning Smr2*

    Listing provided courtesy of Francyne Lambert of Lambert Investments, Inc. and Robert James Browning of Lambert Investments, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-22T00:28:31.75. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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