Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 9 BR |
| Bathrooms: | 5 |
| Area: | 7990 sq ft |
| Lot Size: | 0.18 Acres |
FinancialsPrice:$2,495,000
Description823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
NeighborhoodMore listings:
823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
823 18th St 9.0 Santa Monica LA
Description823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
NeighborhoodMore listings:
823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
