Property Type:Residential Income (Multi-Family)
On Site:18 Days
Lot Size:8,002 Sq. Ft.
Office:Lambert Investments, Inc.
In a prime location, just South of Montana Ave & three blocks North of Wilshire Blvd. Close to Restaurants and Shops. Ideal for owner/user or investor! Great Opportunity to add value. Front house is a 2 bedroom and 1.75 bath. The front house is free standing. The two other buildings on the site have four 1 bedroom units and a single. Middle building is Two 1 bedrooms. The Garages have 2 units above and a single under. Single unit is registered with rent control and is not permitted. It all sits on an 8000 sq ft lot. No soft story is required! Individually metered, laundry room on site, and 5 garages. Walkscore: 81 / Bikescore: 86. But if you like to walk to Montana Ave you will likely score it 100. Best area of SM. Great Owner User opportunity.
$000 Monthly Payment
Loan and interest only.
Address:833 18th St Santa Monica, CA 90403
Area:C14 - Santa Monica
Building Area: 3982.0
Number of Buildings: 2
Total Units: 6
Unit 1: 4 Units • 1 Bed • 1 Bath • Unfurnished • $2,526 actual rent • $10,104 total rent • $13,000 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $4,200 actual rent • $4,200 total rent • $4,700 pro forma
Unit 3: 1 Unit • 1 Bath • Unfurnished • $1,452 actual rent • $1,452 total rent • $2,000 pro forma
Garage Spaces: 5.0
Parking Features: Garage
Parking Total: 5.0
Features / Amenities
Heating: Wall Furnace
Lot Size: 0.18 Acres / 8,002 Sq. Ft.
Directions:Half block south of Montana Ave on 18th Street in Santa Monica
Tax and Financial Info
Cap Rate: 4.21
Gross Income: $198,600
Net Operating Income: $143,093
Tenant Pays: CableTV, Electricity, Gas
WALKING AND TRANSPORTATION
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