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

Studio Baths0.0 Sq 9,318

Monthly Estimate*

^$ 33,879

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

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848 18th Street, Santa Monica, CA 90403 - Image 8

Studio

Multi-Family Home for sale in Santa Monica, CA

for $4,850,000. This 9,318 square foot home was built in 1962 on a lot size of 0.18.

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.

Multi-Family Pending

Price

^$ 4,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.18

Year Built

1962

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024371487

Features

General

Zoning SMR2*

Year Built 1962

Levels Two

County Los Angeles

Net Operating Income 242216.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Santa Monica

Buyer Agent Compensation 1.50

Senior Community Y/N No

MLS Area C14 - Santa Monica

Lot Size Square Feet 7977.0

Street Name 18th

Standard Status Pending

Year Built Source Assessor

Buyer Agent Compensation Type %

Exterior

Parking Features Carport

Lot Size Area 7977.0

Building Area Total 9318.0

Lot Dimensions 50x160

Lot Size Acres 0.18

Lot Size Units Square Feet

Lot Size Source Assessor

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Kelly Morgan

Listing Agent

Kw Advisors

Broker

Affordability Calculator

$33,879

Per Month

Monthly Principal & Interest: $33,879
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

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

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,843,179

Percent of Sale Price 21%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2024	$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 0.18. 848 18th Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 90403 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/22/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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848 18th Street

Multi-Family Home for sale in Santa Monica, CA

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