Santa Monica, CA 90403,1024 18th Street
Listed by Blake Nelle • Coldwell Banker Realty
Bought with Dan Mirakhor • Berkshire Hathaway HomeServices California Properties

$2,484,000

$2,499,000

0.6%
Est.Price: ?

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Est. payment /mo

3,641 SqFt


SOLD DATE : 05/21/2024

Key Details

Sold Price $2,484,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,641 sqft

Price per Sqft $682

MLS Listing ID CRNP24046247

Year Built 1924

Lot Size 6,612 Sqft

Property Sub-Type Other

Property Description

Welcome to your next investment opportunity in the heart of Santa Monica's prestigious Wilshire Montana neighborhood! This meticulously maintained 5-unit property boasts a desirable unit mix, including four spacious 1-bedroom/1-bathroom apartments and a charming freestanding home with 2 bedrooms and 2 bathrooms. Investors will appreciate the convenience of four single-car garages dedicated to the 1-bedroom units, offering tenants coveted parking in this sought-after area. Each unit is equipped with separate meters, ensuring hassle-free management and maximizing efficiency for potential landlords. Generating additional income, the property features an onsite laundry area, further enhancing its appeal to savvy investors looking to optimize revenue streams. Situated on a nearly 7,000 square foot lot, with alley access, this property offers both space and convenience. Don't miss out on this rare opportunity to own a prime multi-family property in one of Santa Monica's most coveted neighborhoods. Seize the potential for steady cash flow and long-term appreciation in this thriving rental market. Take the next step towards building your investment portfolio with this exceptional property!

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling See Remarks

Laundry Other

Building

Water Public

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