848 18th Street Santa Monica, CA $ 4,850,000
848 18th Street
$ 4,850,000
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848 18th Street

Santa Monica, CA, 90403
$ 4,850,000
Bedrooms14 Baths14.0 Sq 9,318

Monthly Estimate*

$ 33,879

Listed by KW Advisors
848 18th Street, Santa Monica, CA 90403 - Image 1
848 18th Street, Santa Monica, CA 90403 - Image 2
848 18th Street, Santa Monica, CA 90403 - Image 3
848 18th Street, Santa Monica, CA 90403 - Image 4
848 18th Street, Santa Monica, CA 90403 - Image 5
848 18th Street, Santa Monica, CA 90403 - Image 6
848 18th Street, Santa Monica, CA 90403 - Image 7
848 18th Street, Santa Monica, CA 90403 - Image 8

Multi-Family Home for sale in Santa Monica, CA

for $4,850,000 with 14 bedrooms and 14 full baths. This 9,318 square foot home was built in 1962 on a lot size of 0.1831.

Seven generously sized 2+2 units nestled in an excellent Santa Monica location. This property offers a solid 4.99% in-place Cap rate. Modern features such as copper plumbing, upgraded electrical systems including electrical car chargers in parking area, and a newer roof (2018) ensure durability and efficiency. Four the units have been upgraded with in-unit washers/dryers. Security is enhanced with newly gated premises, providing peace of mind to occupants. Additionally, a newly installed water heater adds further value to the property.Furthermore, investors will find potential for expansion with plans ready to submit for an Additional Dwelling Unit (ADU), capitalizing on the demand for flexible living spaces. Please contact us for an OM.

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Multi-Family Pending

Price

$ 4,850,000

Bedrooms

14

Full Bath

14

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1831

Year Built

1962

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24371487

Days on Market

38

Features
General
Zoning SMR2*
Year Built 1962
Stories 2
Levels Two
Gross Income 337674.0
County Los Angeles
Net Operating Income 242216.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions North of Idaho Ave South of Montana Ave East of 17th St West of 19th St
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area C14 - Santa Monica
Lot Size Square Feet 7977.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name 18th
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Standard Status Pending
Year Built Source Assessor
Cap Rate 4.99
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Exterior
Parking Features Carport
Total Parking 9.0
Lot Size Area 7977.0
Number of Buildings 1
Spa N
Building Area Total 9318.0
Lot Dimensions 50x160
Lot Size Acres 0.1831
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 14
Electric On Property Y/N N
Total Baths 14
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Internal Only
Street Number 1 848
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* Excluded Features
List By
Kw Advisors

Broker

(310) 836-3638

Phone

Affordability Calculator

$33,879
Per Month
100%
0%
0%
Monthly Principal & Interest
$33,879
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$4,850,000 Listed Price

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848 18th Street, Santa Monica, CA, 90403 is a Multi-Family Home for sale at $4,850,000 with 9,318 sqft and a lot size of 0.1831. 848 18th Street has 14 bedrooms, 14.0 baths, and was built in 1962. The property's zip code is 90403 which is in Santa Monica, CA