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Income Home for Sale in Santa Monica, California

848 18TH Street, Santa Monica, California 90403, US

$ 5,045,000
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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

Back on the Market. This property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units are high quality renovations (as seen in the pics). The rest are in great shape, just not high quality (new). Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit is complete. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. An upper 1250 SF Unit just rented for $4,800.
  • Price: $ 5,045,000
  • MLS ID: 22131101
  • Property Type: Income Home
  • WEB ID: PR02360431
  • Property Status: Active
  • Lot Size: 7,975sqft

Additional Features

  • Parking spaces: 11.00
  • Listing Status: Active
  • Listing Agent: Peter Ciriello (lic# 01418188) of Beverly Hills/Greater LA
  • Listing Office: LA Commercial
  • Based on information from CRISNet MLS as of 8th December 2022 at 1:31pm. 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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