848 18th St

$4,150,000, 14 Beds 14 Baths 9,318 Sqft

About This Property

PRICE REDUCED! Rare opportunity to purchase a true pride of ownership 7 unit trophy property located between Idaho Ave and Montana Ave in the heart of Santa Monica. New roof in June 2018! Copper plumbing. Much larger than similar buildings with 9,318 sf of living area on an 8,000 sf lot with an alley. All seven units are big 2 bedrooms + 2 baths with large kitchens with breakfast bar, dining room, large living room, and a true master bedroom with en suite bath. Each unit has a large, private covered patio or balcony that is large enough to have a big table and chairs. Average unit size is approx. 1,330 sf. Excellent parking with 7 individual spaces and 9 if used as tandem. Most units remodeled with granite counters, dishwashers, and S/S appliances. The building is in excellent overall condition. Over 35% upside rent potential. Property is subject to City of Santa Monica rent control.

Essential Information

MLS® #19430156
Price$4,150,000
Bedrooms14
Bathrooms14.00
Square Footage9,318
Acres0.00
Year Built1962
TypeResidential Income
Sub-TypeApartment Building
StatusBack Up Offer

Community Information

Address848 18th St
AreaSanta Monica (C14)
CitySanta Monica
CountyLos Angeles
StateCA
Zip Code90403

Amenities

Parking Spaces9
ParkingCarport

Interior

Interior FeaturesOther
CoolingNone
# of Stories2

Exterior

RoofComposition

Additional Information

Date ListedFebruary 1st, 2019
Days on Market112
ZoningSMR2*
HOA Fees0.00

Listing Details

AgentDavid Schuchman(01472937)
OfficeRoque & Mark Company, Inc.

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848 18th St, Santa Monica (MLS® #19430156) Property History

Status Changed from Active to Back Up Offer
Price Reduced from $4,450,000 to $4,150,000

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Listing information last updated on May 25th, 2019 at 4:16am PDT.

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