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Property Type:Residential Income (Multi-Family)
On Site:155 Days
Lot Size:8,815 Sq. Ft.
Don't miss out on the rare opportunity to acquire this unique six-unit building located in a prime area in Santa Monica, on a lush and peaceful street north of Wilshire Blvd. Luxurious and huge units, much larger than the normal sized SM apartment. These are units of which family compounds are made. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with a huge front three-level vacant unit (3 BD/2 BA) which the buyer can bring to market rent with all the huge upside. Two of the 2 BD / 2 BA have been completely remodeled including new floors, new countertops stainless steel appliances, a four-burner gas range, subway tiles in the bathrooms, and large mirrored closets.The three-level front unit would be ideal for an owner occupancy, featuring three bedrooms, two and a half bathrooms, and a two-car garage with driveway.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:1015 18th St Santa Monica, CA 90403
Area:C14 - Santa Monica
Number of Buildings: 1
Total Units: 6
Stories Total: 2
Unit 4: 1 Unit•1 Bed•1 Bath•Unfurnished•$3,000 actual rent•$3,000 total rent•$3,000 pro forma
Unit 5: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,488 actual rent•$2,488 total rent•$4,500 pro forma
Unit 6: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,000 actual rent•$4,000 total rent•$4,200 pro forma
Unit 7: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,200 actual rent•$4,200 total rent•$4,200 pro forma
Unit 8: 1 Unit•2 Beds•2 Baths•Unfurnished•$1,160 actual rent•$1,160 total rent•$4,200 pro forma
Unit 13: 1 Unit•3 Beds•2 Baths•Unfurnished•$8,500 pro forma
Parking Features: Door-Multi, Garage, One Space
Features / Amenities
Appliances: Dishwasher, Refrigerator
Lot Size: 0.2 Acres / 8,815 Sq. Ft.
Directions:Located on 18th street and Washington Ave, North of Wilshire.
Tax and Financial Info
Gross Income: $280,176
Net Operating Income: $183,994
Insurance Expense: $6,567
Maintenance Expense: $7,622
Water/Sewer Expense: $6,203
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Listing provided courtesy of Vanessa Pineda, La's Best Property Management, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. 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. IDX provided by Sierra Interactive.