2005 18th Street

Santa Monica, CA 90404

$2,598,000
Last Sold Price
11
Beds
5
Baths
3,675 Sq. Ft.
$707 / Sq. Ft.
3,675
Sq. Ft.
$707
per Sq. Ft.

Description

Great investment opportunity for an investor or an owner/ user. Charming, tranquil, and meticulously manicured 4-plex in the heart of Santa Monica; steps away from Santa Monica College, Pico Blvd. shopping, (including a Whole Foods Market and Trader Joe's), the 10 Freeway, and other convenient connections. Enter the property through a warm and inviting courtyard with drought tolerant landscaping; you will find a 3+2 bedroom House in front (originally built in 1939 but updated since with a permitted...Great investment opportunity for an investor or an owner/ user. Charming, tranquil, and meticulously manicured 4-plex in the heart of Santa Monica; steps away from Santa Monica College, Pico Blvd. shopping, (including a Whole Foods Market and Trader Joe's), the 10 Freeway, and other convenient connections. Enter the property through a warm and inviting courtyard with drought tolerant landscaping; you will find a 3+2 bedroom House in front (originally built in 1939 but updated since with a permitted addition). You will also find a triplex on the rear portion (built in 1959). All three are spacious 2+1 units; 2 of them have been upgraded. All units are occupied. Each apartment and the House has in-unit laundry hookups; there are machines in the House and 2 of the apartments. There are 4 parking spaces in the rear adjacent to an alley (3 separate garages and one uncovered space). There is also a front garage with a fully improved, but unpermitted living space (including a full bathroom). (This living space has the potential of an ADU, but should be confirmed by buyer, as Owner does not represent if an ADU conversion would be approved). Seismic work already completed. Property has separate electric meters. Central air/heat for House and Unit C. Mostly copper plumbing throughout. Mostly updated electrical throughout. Owner pays utilities for Unit B (per lease agreement).
  1. Listed by James Silton • DRE #01145342 • Brokerage DRE #01145342 • Silton Properties

Property Details for 2005 18th Street

Zoning
SMR2*
Style
Traditional
Parcel Number
4274017010
Total Units
4.0
Living Area
3675
Source Living Area
Owner
Area
Santa Monica (C14)
Vacancy Rate
1

Location

Listing Courtesy of Silton Properties, James Silton, DRE #01145342

Sold By Bee Investment, Inc., Anna Hae Ran Gee, DRE #01239226

Add your commute
LISTING UPDATED: 01/20/2022 03:41 PM

Property Details for 2005 18th Street

StatusSold
MLS #21-704148
Days on Market261
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.18 AC / 7,993 SF
CountyLos Angeles County

Location

Listing Courtesy of Silton Properties, James Silton, DRE #01145342

Sold By Bee Investment, Inc., Anna Hae Ran Gee, DRE #01239226

Add your commute

Building Information for 2005 18th Street

Stories2Residences-Year Built-Building Size-Lot Size0.18 AC / 7,993 SF

Payment Calculator

$16,847 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,178

Property Taxes

$2,669

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2005 18th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Property Condition: Updated/Remodeled
  • Water: Public
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $119,808
  • Net Operating Income: $87,143.00
  • Gross Income: $118,308
  • Gross Rent Multiplier: $23.30
  • Total Annual Expense: 31165
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1835
  • Lot Size Square Feet: 7993
Parking Details
Parking Details
  • Parking Garage: Garage, Driveway - Pavers, On street
  • Total Parking: 4
  • Covered Parking: 3
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 3
  • Parking Features: Garage, Paved, Street
Interior Features
Interior Features
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Ceiling Fan, Air Conditioning, Wall/Window
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate, Carpet
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Built-Ins, Washer, Dryer, Other, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Kitchen Features: Counter Top
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Microwave
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-11-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $671.77
  • Unit Actual Rent: $671.77
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,812.20
  • Unit Actual Rent: $2,812.20
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,875.00
  • Unit Actual Rent: $2,875.00
  • Unit Projected Rent: $2,875.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $290,465.00
  • Assessed Improvement Percent: 29.55
  • Assessed Land Value: $692,646.00
  • Assessed Land Percent: 70.45
  • Assessed Total Value: $983,111.00

Property History for 2005 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 2005 18th Street

Taxable ValueLand$1,854,360Additions$795,600Total$2,649,960
Tax Record2023$32,024 ($2,669 / month)
Home Facts
Total Finished SqFt3,675 SqFtAbove Grade Finished SqFt3,675 SqFtLot Size7,993 SqFtStyleQuadraplexZoningSMR2*CountyLOS ANGELESAPN4274-017-010

Schools near 2005 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 - K to 5
Rating
School
Distance
Will Rogers Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

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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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 Silton Properties, James Silton, DRE #01145342

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.