Address
848 18Th Street, Santa Monica, CA
Price
$ 5,045,000
Property Attributes
  • MLS#22131101
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90403
  • Style
  • Price$ 5,045,000
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage9318
  • Lot Size7,975 SqFt
Data Source:
Combined LA/Westside MLS (CLAW)
Property Description

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 History
2/25/2022 Listed $5,495,000
6/18/2022 8% - $5,100,000
7/18/2022 3% - $4,995,000

General Features

Carport Y/N Yes
Community Features Gated
Listing Agent Peter Ciriello - BRE#01418188
Listing Agent State License 01418188
Lot Size Square Feet 7975
MLS Area C14 - Santa Monica
Patio/Porch Features Deck, Enclosed
Property Condition Updated/Remodeled
Property Type Residential Income
Security Features Gated Community
Senior Community Y/N No
Sewer Other
Special Listing Conditions Standard
Status Active
Total Units 7
Zoning SMR2*

Interior Features

Total Baths 14
Total Bedrooms 14

Exterior Features

Living Area 9318
Lot Dimensions 50x160
Lot Size Acres 0.1831
Lot Size Area 7975
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Carport
Total Parking 11

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90403

Price
AVG $4.9M
$5.05M
Visits
AVG 13
5
Year Built
AVG 1942
1962

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