2019 18th Street

Santa Monica, CA 90404

$2,237,000
Last Sold Price
5
Beds
4
Baths
2,050 Sq. Ft.
$1,091 / Sq. Ft.
2,050
Sq. Ft.
$1,091
per Sq. Ft.

Description

RUN! Unheard of cap rate for Santa Monica at 5%. Endless investment opportunities on this three unit large lot with Civic Zoning in the Pico Neighborhood. Move right into one of these adorable, detached bungalows and/or start earning high rents right away. Each bungalow has privacy, original detail, private courtyards & parking. The vacant front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The rented middle unit is approx. 674 sq. ft....RUN! Unheard of cap rate for Santa Monica at 5%. Endless investment opportunities on this three unit large lot with Civic Zoning in the Pico Neighborhood. Move right into one of these adorable, detached bungalows and/or start earning high rents right away. Each bungalow has privacy, original detail, private courtyards & parking. The vacant front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The rented middle unit is approx. 674 sq. ft. and has Saltillo flooring, high ceilings, skylights & a greenhouse room. The rented back unit is approx. 550 sq. ft. w/ vaulted beam ceilings, skylights & was beautifully remodeled in 2007. This middle & back unit are currently rented for $3,560 each. Mature pomegranate trees & several other fruit tress throughout the property. Zoning is R2-NC (residential/commercial). Near SMC, parks and recreation, transport, dining and Whole Foods. Three units can qualify for an owner occupied rent control waiver. Buyer to perform due diligence with the City.

Listing Agent

  1. Esther Hickman

    Esther Hickman

    Listing Agent

    Compass

    DRE #01993403

Property Details for 2019 18th Street

Zoning
SMC2*
Style
Bungalow
Parcel Number
4274017016
Total Units
3.0
Living Area
2050
Source Living Area
Appraiser
Area
Santa Monica (C14)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Esther Hickman, DRE #01993403

Sold By Compass, Shelby Ring, DRE #01949380

Add your commute
LISTING UPDATED: 11/01/2021 06:24 PM

Property Details for 2019 18th Street

StatusSold
MLS #21-743080
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.18 AC / 7,991 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Esther Hickman, DRE #01993403

Sold By Compass, Shelby Ring, DRE #01949380

Add your commute

Building Information for 2019 18th Street

Stories1Residences-Year Built1946Building Size-Lot Size0.18 AC / 7,991 SF

Payment Calculator

$14,471 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,208

Property Taxes

$2,263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2019 18th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Water Heaters: Yes
Contract Info
Contract Info
  • 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: $0
  • Net Operating Income: $11,400.00
  • Gross Income: $141,120
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $11,760.00
  • Total Annual Expense: 29900.30
  • Tax Expense: $27,600
  • Insurance Expense: $1,200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1834
  • Lot Size Square Feet: 7991
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 6
  • Covered Parking: 0
  • Open Other Spaces Total: 6
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s), Ceiling Fan
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed, Hardwood
  • Equipment: Ceiling Fan, Dryer, Washer
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit, Outside, Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-03-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,560.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,560.00
  • Unit Actual Rent: $3,560.00
  • Unit Projected Rent: $3,560.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,560.00
  • Unit Actual Rent: $3,560.00
  • Unit Projected Rent: $3,560.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $213,392.00
  • Assessed Improvement Percent: 18.65
  • Assessed Land Value: $930,664.00
  • Assessed Land Percent: 81.35
  • Assessed Total Value: $1,144,056.00

Property History for 2019 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 2019 18th Street

Taxable ValueLand$1,734,000Additions$547,740Total$2,281,740
Tax Record2023$27,158 ($2,263 / month)
Home Facts
Total Finished SqFt2,050 SqFtAbove Grade Finished SqFt2,050 SqFtLot Size7,991 SqFtStyleTriplexYear Built1946ZoningSMC2*CountyLOS ANGELESAPN4274-017-016

Schools near 2019 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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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 Compass, Esther Hickman, DRE #01993403

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.