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1345 18th St
Santa Monica, CA 90404
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Building Size | 8,910 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R2, Santa Monica | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,910 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R2, Santa Monica |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Ceiling Fans
- Granite Countertops
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
About 1345 18TH ST , SANTA MONICA, CA 90404
PRICED AT ONLY $393/SF Stepp Commercial presents The 18th Street Apartments located in prime Santa Monica, just south of Wilshire Blvd. Tenants can easily enjoy the close proximity of Wilshire Boulevard, the Third Street Promenade, and Main Street boutique shops, dining and nightlife. The desirable unit mix consists of (2) three-bedroom/two-bath and (5) two- bedroom/two-bath units. The property has undergone extensive upgrades and improvements including a new hot water heater and copper plumbing throughout. 3 of the 7 units have be fully renovated with stainless steel appliances, grey laminate flooring, custom accent walls, recessed lighting, stone countertops & backsplashes and custom cabinetry. All units have spacious floorplans, dishwashers and lots of natural light. With the 86% upside potential in rents, this property offers investors a tremendous value-add opportunity for future rent growth.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,148 | - |
| 2+2 | 5 | $2,297 | - |
Property Taxes
| Parcel Number | 4276-029-015 | Improvements Assessment | $724,158 |
| Land Assessment | $838,575 | Total Assessment | $1,562,733 |
Property Taxes
