Overview

Property ID: SB24030349

Apartment, Residential Income
Property Type

5238 Sqft
Area Size

1976
Year Built

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.

Address

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Address: 1523 18th St
City: Santa Monica
State/county: CA
Zip/Postal Code: 90404
Country: US

Details

Updated on September 23, 2025 at 7:39 pm

Property ID SB24030349
Price $2,225,000
Property Size 5238 Sqft
Land Area 0.1722 Acres
Year Built 1976
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash to New Loan
Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer Public Sewer
Cooling None
Heating Wall Furnace
Flooring See Remarks, Wood
County Los Angeles
Property Type Residential Income
Pool None
Parking Covered, Carport, Garage Faces Front, Garage, Gated
Community Features Biking, Curbs, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Architectural Style See Remarks