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    2019 18Th St

    Santa Monica, CA 90404
    • $2,275,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 21-743080
    Price Reduced
    UPDATED: 227 min ago
    $2,275,000
    • 5
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,050
      SQFT
    • $1,110
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    Description

    RUN! Unheard of cap rate for Santa Monica at almost 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 front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The middle unit is approx. 674 sq. ft. and has Saltillo flooring, high ceilings, skylights & a greenhouse room. Currently rented for $3,560. The back unit is approx. 550 sq. ft. w/ vaulted beam ceilings, skylights & was beautifully remodeled in 2007. 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T23:42:45.767. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/117858968
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    2019 18Th St Santa Monica, CA 90404

    • Price: $2,275,000
    • Status: Active
    • Updated: 227 min ago
    • ID#: 21-743080
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,050
    SQFT
    $1,110
    $/SQFT
    1946
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    RUN! Unheard of cap rate for Santa Monica at almost 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 front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The middle unit is approx. 674 sq. ft. and has Saltillo flooring, high ceilings, skylights & a greenhouse room. Currently rented for $3,560. The back unit is approx. 550 sq. ft. w/ vaulted beam ceilings, skylights & was beautifully remodeled in 2007. 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.
    Exterior Features

    Covered Parking 0 Lot Size Area 7991 Other Structures None Parking Garage Carport Style Bungalow Total Parking 6 View Description None View YN No

    Interior Features

    Baths Total 4.00 Common Walls Detached/No Common Walls Cooling Wall Unit(S)Ceiling Fan Equipment Ceiling FanDryerWasher Flooring MixedHardwood Heating Central Laundry In UnitOutsideOther

    Property Features

    Assessed Total Value 1144056 Gross Income 141120 Gross Operating Income 0 Insurance Expense 1200.00 Like Units1 1 Like Units2 2 Like Units3 3 Maintenance Expense 1100.00 Net Operating Income 11400.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 29900.30 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning Smc2*

    Listing provided courtesy of Esther Hickman DRE#01993403 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T23:42:45.767. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583