848 18th St | Santa Monica, CA 90403
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- LoopNet Team
848 18th St
Santa Monica, CA 90403
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Potential to Add a 2 Bed/2 Bath ADU to Maximize Revenue
- Proven Value-Add Opportunity
- Well-Appointed Units with Either a Private Patio or Balcony, One Designated Parking Space, and Quartz Countertops and New Stainless-Steel Appliances i
- Rental Upside
- Attractive Unit Mix of Oversized Two Bedroom Units with an Average Unit Size of 1,307 Square Feet
- Proximity to Award-Winning School Districts and Dozens of Restaurants and Shops
PROPERTY FACTS
| No. Units | 7 | Building Size | 9,318 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | SMR2* | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,318 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | SMR2* |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Granite Countertops
- Island Kitchen
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | - | 1,250 - 1,450 |
PROPERTY TAXES
| Parcel Number | 4277-008-010 | Improvements Assessment | $1,020,000 |
| Land Assessment | $3,825,000 | Total Assessment | $4,845,000 |
PROPERTY TAXES
Parcel Number
4277-008-010
Land Assessment
$3,825,000
Improvements Assessment
$1,020,000
Total Assessment
$4,845,000
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