2019 18th St
Santa Monica, CA 90404
Prime Development Opportunity In Santa Monica · Multifamily Property For Sale
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3 Units
Property Facts
Amenities
Site Amenities
- Courtyard
- Fenced Lot
About 2019 18TH ST , SANTA MONICA, CA 90404
2019 18th Street in Santa Monica is currently operating as a three-unit apartment building located directly adjacent to Santa Monica College. Given the extremely desirable location & unique neighborhood commercial zoning, the highest and best use is to develop residential units, condos, or a mixed-use building. 2019 18th Street is conveniently located by the 10 Freeway entrance, connecting you directly to downtown LA and LAX via the 405 Freeway. The 7,991 SF lot has multiple options for development (buyer to verify) 1. Residential Only – 14 Studios @ $2,500 a month 2. Residential With Retail Space – 12 Units @ $30,000 (monthly gross) | Retail Space @ $25,000 (monthly gross). 3. Condominiums – 12 Units with Approximately 713 SF Each. The property currently consists of one (1) 2-bed/2-bath unit, a one (1) 2-bed/1-bath unit, and a one (1) 1-bed-1-bath unit situated on a 7,991 SF lot.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 4274-017-016 | Improvements Assessment | $520,200 |
| Land Assessment | $1,820,700 | Total Assessment | $2,340,900 |
Property Taxes
