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1523 18th St

Santa Monica, CA 90404
  • $2,225,000
  • STATUS: Active
  • ON SITE: 324 Days
  • MLS #: SB24030349
UPDATED: 11 min ago
$2,225,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Listing Agent(s): Bruce Kusada of Capital RE Group (310-717-7405)


Description

UPDATED RENT ROLL SHOWS INCREASE IN TOTAL ANNUAL GROSS SCHEDULED INCOME OF $4,424. GRM CHANGE TO 13.79, CAP RATE TO 4.62.Charming 6 Unit Garden Apartment building on a tree lined street, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite. Recently landscaped, termite inspection and repair (October 2024), SB-721 inspection report, Santa Monica Residential Building report, main plumbing inspection and drain cap repair, Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals.Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/150260729
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1523 18th St Santa Monica, CA 90404

  • Price: $2,225,000
  • Status: Active
  • On Site: 324 Days
  • Updated: 11 min ago
  • MLS #: SB24030349
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1976
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
UPDATED RENT ROLL SHOWS INCREASE IN TOTAL ANNUAL GROSS SCHEDULED INCOME OF $4,424. GRM CHANGE TO 13.79, CAP RATE TO 4.62.Charming 6 Unit Garden Apartment building on a tree lined street, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite. Recently landscaped, termite inspection and repair (October 2024), SB-721 inspection report, Santa Monica Residential Building report, main plumbing inspection and drain cap repair, Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals.Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.
Exterior Features

Architectural Style See Remarks Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Front YardLandscapedLevelNear Public TransitStreet Level Number Of Separate Electric Meters 7 Parking Features CoveredCarportGarage Faces FrontGarageGated Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved View None View YN No

Interior Features

Accessibility Features See RemarksAccessible Hallway(s) Appliances Electric RangeFree-Standing RangeDisposalGas RangeMicrowaveRefrigerator Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features BathDining RoomElectricGasKitchenLiving RoomOutside Fireplace YN Yes Flooring See RemarksWood Heating Wall Furnace Heating YN Yes Interior Features High CeilingsBedroom on Main LevelMain Level PrimaryWalk-In Closet(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.47 Common Interest Community Apartment Community Features BikingCurbsParkStorm Drain(s)Street LightsSuburbanSidewalks Contingency Noneproperty held in trust. Seller is Trustee. Electric Electricity - On Property Electric Expense 4670 Exclusions Apt 6 owns their refrigerator and microwaveApt 1 owns their microwave. Fuel Expense 0 Garage YN Yes Gross Income 157014 Gross Scheduled Income 161012 Inclusions Most units include refrigeratoroven/store and microwave. Insurance Expense 4259 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 99451 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 63388 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGas Total Actual Rent 160869 Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 2 Water Sewer Expense 4670 Water Source Public Zoning SMR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Bruce Kusada of Capital RE Group (310-717-7405)