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823 18th St
Santa Monica, CA 90403
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Prime Santa Monica Location - Just South of Montana Ave on 18th St
- Three Separate Structures on a Large 7,988 SF Lot
- Two Car Garage That Can Potentially Be Converted in an ADU
- Excellent Unit Mix of (4) 2 BR + 1 Bath and (1) 1 BR + 1 Bath Units
- Value-add Opportunity with Two of the Five Tenants Paying Well Below Market Rents
- Seismic Retrofitting For Carport Parking Structure Has Been Completed
Property Facts
| No. Units | 5 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 4,313 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Zoning | R2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,313 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,903 | - |
| 1+1 | 1 | $2,550 | - |
Property Taxes
| Parcel Number | 4277-008-064 | Improvements Assessment | $250,989 |
| Land Assessment | $1,115,517 | Total Assessment | $1,366,506 |
Property Taxes
Parcel Number
4277-008-064
Land Assessment
$1,115,517
Improvements Assessment
$250,989
Total Assessment
$1,366,506
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