1015 18th Street

Santa Monica, CA 90403

$4,050,000
Last Sold Price
12
Beds
12.5
Baths
8,998 Sq. Ft.
$450 / Sq. Ft.
8,998
Sq. Ft.
$450
per Sq. Ft.

Description

Don't miss out on the rare opportunity to acquire this unique six-unit building located in a prime area in Santa Monica, on a lush and peaceful street North of Wilshire Blvd. Luxurious, bright and huge units, with balconies and patios. These units are much larger than your normal sized SM apartments. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with a large...Don't miss out on the rare opportunity to acquire this unique six-unit building located in a prime area in Santa Monica, on a lush and peaceful street North of Wilshire Blvd. Luxurious, bright and huge units, with balconies and patios. These units are much larger than your normal sized SM apartments. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with a large 3-level front unit vacant (3BD/2BA) with a private 2 car garage leading directly into the unit and plenty of additional storage space. This unit is ideal for an owner user or an opportunity for a huge rental upside. Two of the 2BD/2BA and the 1BD/BA have been completely remodeled including new floors, new countertops and all stainless steel appliances. Subway tiles in the bathrooms, and large mirrored closets in the spacious bedrooms.
  1. Listed by Vanessa Pineda • DRE #01810936 • Brokerage DRE #00530389 • LA's Best Property Management, Inc.

Property Details for 1015 18th Street

Zoning
SMR2*
Parcel Number
4277026015
Total Units
6.0
Living Area
8998
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
.16
Lot Size Area
8815

Location

Listing Courtesy of LA's Best Property Management, Inc., Vanessa Pineda, DRE #01810936

Sold By LA's Best Property Management, Inc., Vanessa Pineda, DRE #01810936

Add your commute
LISTING UPDATED: 11/15/2021 06:02 PM

Property Details for 1015 18th Street

StatusSold
MLS #20-578542
Days on Market360
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.20 AC / 8,815 SF
CountyLos Angeles County

Location

Listing Courtesy of LA's Best Property Management, Inc., Vanessa Pineda, DRE #01810936

Sold By LA's Best Property Management, Inc., Vanessa Pineda, DRE #01810936

Add your commute

Building Information for 1015 18th Street

Stories2Residences-Year Built1968Building Size-Lot Size0.20 AC / 8,815 SF

Payment Calculator

$26,265 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,103

Property Taxes

$4,162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1015 18th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Professional Management: 5400.0
  • Senior Community: No
  • Management Company Name: LA's Best Property Management
  • Management Company Phone: 3104501444|
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector
  • Direction Faces: West
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Disclosures: Rent Control, Termite Clearance, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $280,176
  • Net Operating Income: $183,994.00
  • Gross Income: $280,176
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: $15.35
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 96182
  • Water Expense: $6,203.00
  • Gas Expense: $422
  • Electric Expense: $859.00
  • Expense Pest: $1,190.00
  • Gardener Expense: $1,373
  • Insurance Expense: $6,567
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 8815
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Driveway - Combination, Garage, Garage - 2 Car, Garage Is Attached, Parking Space, Assigned
  • Total Parking: 7
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 6
  • Parking Features: Driveway - Combination, Garage, Garage - Two Door, Parking Space, Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Laminate, Wood, Mixed
  • Equipment: Ceiling Fan, Dishwasher, Freezer, Hood Fan, Range/Oven, Refrigerator, Garbage Disposal, Gas Dryer Hookup
  • Interior Features: Ceiling Fan(s)
  • Bathroom Features: Remodeled, Shower and Tub, Double Vanity(s), Shower Stall, Low Flow Toilet(s), Low Flow Shower(s), Tile
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Cooking Appliances: Free Standing Gas
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Balcony, Living Room Balcony
  • New Construction: No
  • Other Structural Features: Balcony, Sliding Glass Doors
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2020
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,160.00
  • Unit Actual Rent: $1,160.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,300.00
  • Unit Actual Rent: $4,300.00
  • Unit Projected Rent: $4,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,488.00
  • Unit Actual Rent: $2,488.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number of Carpet: 1
  • Number of Dishwasher: 6
  • Number of Disposal: 6
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
  • Number Leased: 5
  • Number Patio: 6
  • Number Range: 6
  • Number Refrigerator: 6
  • Number Wall AC: 2

Property History for 1015 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1015 18th Street

Taxable ValueLand$3,111,000Additions$1,020,500Total$4,131,500
Tax Record2023$49,948 ($4,162 / month)
Home Facts
Total Finished SqFt8,998 SqFtAbove Grade Finished SqFt8,998 SqFtLot Size8,815 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningSMR2*CountyLOS ANGELESAPN4277-026-015

Schools near 1015 18th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LA's Best Property Management, Inc., Vanessa Pineda, DRE #01810936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.