Jeremiah Moersch REALTOR®
Office: 760-533-2540
1024 18th Street, Santa Monica
$2,499,000
Click the arrows next to the image to browse our photo gallery for this property.
6 Beds
6 Baths
.15 Acre
4 Garages
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!
Essential Information
- MLS® #
- NP24046247
- Price
- $2,499,000
- Bedrooms
- 6
- Bathrooms
- 6.00
- Acres
- 0.15
- Year Built
- 1924
- Type
- Residential Income
- Sub-Type
- Apartment
- Status
- Active Under Contract
Community Information
- Address
- 1024 18th Street
- Area
- C14 - Santa Monica
- City
- Santa Monica
- County
- Los Angeles
- Zip Code
- 90403
- Senior Community
- N
Community Features
Curbs, Park, Street Lights, Suburban
Amenities
- Parking Spaces
- 4
- # of Garages
- 4
- Pool
- None
Interior
- Heating
- Wall Furnace
- Cooling
- See Remarks
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- 2-5 Units/Acre
Additional Information
- Date Listed
- April 5th, 2024
- Days on Market
- 38
- Zoning
- SMR2*
Listing Details
- Agent
- Blake Nelle
- Office
- Coldwell Banker Realty
Property History
Status Changed from Active to Active Under Contract
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 3:55am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.