1523 18Th St, Santa Monica, CA 90404

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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.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Features Bedroom on Main Level
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material See Remarks, Wood
Interior Information
Features High Ceilings, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Cooling Type None

Listing Information

Address 1523 18Th St
City Santa Monica
State CA
Zip 90404
County Los Angeles
Listing Agent Bruce Kusada DRE #00639308
Courtesy Of Capital RE Group
List Price $2,225,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 7,500
Year Built 1976

Listing information courtesy of: Bruce Kusada, Capital RE Group. *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.