1523 18Th St

Santa Monica, CA 90404

PRICE REDUCED

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-$275,000 (-11.00%)

$2,225,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1976

calendar_month Built

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.

Listing Information

List Price $2,225,000
Status Active
MLS SB24030349
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1976
Lot Size 7,500
Structure Size N/A
DOM 172
Courtesy Of Capital RE Group
Listing Agent Bruce Kusada DRE#00639308

Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material See Remarks, Wood
Fireplace Information
Features Bath, Dining Room, Electric, Gas, Kitchen, Living Room, Outside
Additional Information
Additional Features High Ceilings, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Bruce Kusada, Capital RE Group 310-717-9405. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 11:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.