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Map
$2,530,868*
●
Multifamily -
Off Market
2019 18Th St
Santa Monica, CA 90404
Studio
0 Bath
$2,048,000 - $2,502,000
Reference Base Price*
11.25%
Since Dec 1, 2021
CA-Los Angeles
Primary Model
About This Property
RUN! Unheard of cap rate for Santa Monica at 5%. Endless investment
opportunities on this three unit large lot with Civic Zoning in the
Pico Neighborhood. Move right into one of these adorable,
detached bungalows and/or start earning high rents right away.
Each bungalow has privacy, original detail, private
courtyards & parking. The vacant front unit is approx. 902 sq. ft.
w/ high ceilings, skylights, built-in wooden shelving & cherry
beaded trim work. The rented middle unit is approx. 674 sq. ft. and
has Saltillo flooring, high ceilings, skylights & a greenhouse
room. The rented back unit is approx. 550 sq. ft. w/ vaulted
beam ceilings, skylights & was beautifully remodeled in 2007.
This middle & back unit are currently rented for $3,560 each.
Mature pomegranate trees & several other fruit tress
throughout the property. Zoning is R2-NC (residential/commercial).
Near SMC, parks and recreation, transport, dining and Whole
Foods. Three units can qualify for an owner occupied rent
control waiver. Buyer to perform due diligence with the City.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1946
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 3, 2021 | No longer available | - | |
No longer available | |||
Nov 1, 2021 | Sold to William H Jordan | $2,237,000 | |
Sold to William H Jordan | |||
Sep 14, 2021 | In contract | - | |
In contract | |||
Jul 19, 2021 | Price Decreased |
$2,275,000
↓ $84K
(3.6%)
|
|
Price Decreased | |||
Jun 2, 2021 | Listed | $2,359,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/02/2021
|
|
Studio
|
-
|
-
|
$2,359,000
Studio
-
|
$2,237,000
-5.17%
11/01/2021
|
Esther Hickman
Compass
|
|
08/06/2020
|
|
Studio
|
-
|
-
|
$3,995,000
Studio
-
|
-
-
|
-
|
-
|
01/22/2020
|
|
Studio
|
-
|
-
|
$4,950,000
Studio
-
|
-
-
|
-
|
-
|