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$2,995,000
Est. payment /mo
13 Beds
13 Baths
8,406 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,406 sqft
Price per Sqft $356
MLS Listing ID 26645245
Bedrooms 13
HOA Y/N No
Year Built 1959
Lot Size 8,001 Sqft
Property Description
We are proud to present this opportunity to acquire 827 18th Street, an exceptional multifamily property located just half a block south of coveted Montana Avenue. Built in 1959 and well maintained with pride of ownership, this 100% occupied mid-century asset was designed to maximize livability with oversized floor plans, many featuring private balconies or yard space, along with decorative fireplaces that enhance the charm and character of each residence. The property consists of six (6) large units, including five (5) two-bedroom/two-bath units and one (1) three-bedroom/three-bath unit located on the second floor. The units offer spacious living areas with dedicated dining space, large kitchens, and ample storage throughout. The building also includes a dedicated laundry room, five (5) on-site parking spaces, and tenant storage. Each unit is separately equipped with its own water heater. A well-kept front courtyard further enhances curb appeal, with direct access for Unit A. The building totals approximately 8,406 SF on an 8,001 SF lot, zoned SMR2. The two-bedroom units average approximately 1,350 SF, while the three-bedroom unit is estimated at 1,650 SF, making this an attractive unit-size profile for the area. Current rental income is effectively generating approximately $2.00/SF, with significant upside potential of approximately 62%, highlighting a compelling opportunity for income growth. Recent improvements include exterior painting, electrical updates, a newer roof, and plumbing upgrades, with two units recently updated. This is a rare chance to acquire a pride-of-ownership Santa Monica asset with strong in-place income and meaningful long-term upside.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 5
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4277008065
Special Listing Condition Standard
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Listed by D. Timothy Byrne Compass
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686