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310-740-6347
Real Estate Company
1523 18th St, Santa Monica, CA 90404
- $2,176,000
- Sold Price
- $2,176,000
- List Price
- $2,225,000
- Closing Date
- Aug 29, 2025
- Status
- CLOSED
- MLS#
- SB24030349
- Year Built
- 1976
- Lot Size
- 7,500
- Lot Location
- Front Yard, Landscaped, Level, Near Public Transit, Street Level
- Days on Market
- 314
- Property Type
- Multifamily
- Style
- See Remarks
- Stories
- Two Levels
Property Description
UPDATED RENT ROLL SHOWS INCREASE IN TOTAL ANNUAL GROSS SCHEDULED INCOME OF $4,424. GRM CHANGE TO 13.79, CAP RATE TO 4.62. Charming 6 Unit Garden Apartment building on a tree lined street, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite. Recently landscaped, termite inspection and repair (October 2024), SB-721 inspection report, Santa Monica Residential Building report, main plumbing inspection and drain cap repair, Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals. Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.
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Additional Information
- Appliances
- Electric Range, Free-Standing Range, Disposal, Gas Range, Microwave, Refrigerator
- Pool Description
- None
- Fireplace Description
- Bath, Dining Room, Electric, Gas, Kitchen, Living Room, Outside
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Terms
- Cash to New Loan
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Listing courtesy of Listing Agent: Bruce Kusada (brucek@capitalregroup.com) from Listing Office: Capital RE Group.
Listing sold by Hank Hoang from Treeline Realty & Investment
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.