Situated just south of the iconic Montana Avenue retail corridor in Santa Monica, 1032 18th Street presents a rare opportunity to own a boutique 6-unit apartment building in one of the city's most desirable neighborhoods. This offering includes a spacious, private front-facing townhome-style owner's unit, perfectly suited for an owner-user… Read More seeking comfort, style, and privacy. Accessed by a charming pathway and double-door entry, the owner's unit designed three-level, 2-bedroom, 2.5-bath townhome. The main level features updated interiors, including a generous living room, fireplace, dining area, and a modernized kitchen that opens to a private balcony. A sleek, contemporary staircase connects to both the private 4-car garage +/- or a versatile bonus room offering valuable additional space for a gym, or studio, on the lower level with private laundry. Upstairs, two large bedrooms and two full bathrooms provide well-appointed spacious rooms. The remaining five units consist of Four 1-bedroom, 1-bath units and One 2-bedroom, 2-bath unit. From an investment standpoint, the property offers rental upside and has been well-maintained with updated electrical, copper plumbing (buyer to verify), a newer roof, and modern windows and sliding doors. Additional amenities include on-site parking and shared laundry facilities. Read Less
Property listed by Compass, D. Timothy Byrne 310-820-0195
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,424
Lot Size
0.15 Acres
Year Built
1973
MLS Number
25541477
30 Days Snapshot Of 90403
$1.80M
-36%
(avg) sold price
13
-23%
homes sold
49
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1973, Building area total: 6,424, Levels: MultiSplit, Living area: 6424, 1 building
Heating
WallFurnace
Income
Gross income: $219,312, Net operating income: $146,324
Lot
0.1524 acres, 6,639 square feet, Size: 6,639
Parking
8 carport spaces, 10 totals parking, Carport
Property
Zoning: SMR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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