848 18th Street
848 18th Street
$4,750,000
14
14
9,318
9,318
$510
Sold 4/30/24
Description
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...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.
- Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors
- Listed by Peter Ciriello • DRE #01418188 • Brokerage DRE #01418188 • LA Commercial
Property Details for 848 18th Street
Zoning
SMR2*
Parcel Number4277008010
Total Units7.0
Living Area9318
Source Living AreaAssessor
AreaSanta Monica (C14)
Vacancy Rate1
Lot Size Area7977
Location
LISTING UPDATED: 04/30/2024 03:21 PM
Property Details for 848 18th Street
Status | Sold |
---|---|
MLS # | 24-371487 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.18 AC / 7,977 SF |
County | Los Angeles County |
Location
Building Information for 848 18th Street
Stories2Residences-Year Built1962Building Size-Lot Size0.18 AC / 7,977 SF
Payment Calculator
$30,155 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 848 18th Street
Property History for 848 18th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 848 18th Street
Taxable ValueLand$3,468,888Additions$736,544Total$4,205,432
Tax Record2023$50,785 ($4,232 / month)
Home Facts
Total Finished SqFt9,318 SqFtAbove Grade Finished SqFt9,318 SqFtLot Size7,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningSMR2*CountyLOS ANGELESAPN4277-008-010
Schools near 848 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.
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