833 18th St

Santa Monica, CA 90403 View Map $3,395,000 Schedule a Tour
Beds6
Baths7
Sq.Ft.3,982
Year1953
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(310) 982-2107
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:22217039
Sq. Feet:3,982
On Site:18 Days
Lot Size:8,002 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Keith Lambert
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:833 18th St Santa Monica, CA 90403
Zip Code:90403

Architecture

Bedrooms: 6
Bathrooms: 7
Year Built:1953
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

Appliances: Disposal
Heating: Wall Furnace

Property Features

Lot Size: 0.18 Acres / 8,002 Sq. Ft.
Zoning:SMR2*
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
Terms: Cash
Tenant Pays: CableTV, Electricity, Gas

Schools

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833 18th St Santa Monica, CA 90403
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833 18th St Santa Monica, CA 90403
 
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27
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Nov
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Nov
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Choose Your Date -- It's Free, Cancel Anytime
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Based on information from California Regional Multiple Listing Service, Inc. as of November 26, 2022. 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.