848 18 Th St Santa Monica, CA 90403

$4,150,000
Santa Monica, CA   90403
0 Beds, 0.0 Baths, 0 sq ft, 7,975 sq ft lot, Built in 1962
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0 Beds,
0.0 Baths,
0 sq ft,
7,975 sq ft lot
Built in 1962

Description

MLS# 19430156

PRICE REDUCED! Rare opportunity to purchase a true pride of ownership 7 unit trophy property located between Idaho Ave and Montana Ave in the heart of Santa Monica. New roof in June 2018! Copper plumbing. Much larger than similar buildings with 9,318 sf of living area on an 8,000 sf lot with an alley. All seven units are big 2 bedrooms + 2 baths with large kitchens with breakfast bar, dining room, large living room, and a true master bedroom with en suite bath. Each unit has a large, private covered patio or balcony that is large enough to have a big table and chairs. Average unit size is approx. 1,330 sf. Excellent parking with 7 individual spaces and 9 if used as tandem. Most units remodeled with granite counters, dishwashers, and S/S appliances. The building is in excellent overall condition. Over 35% upside rent potential. Property is subject to City of Santa Monica rent control. Listed by David Schuchman, Roque & Mark Company, Inc..

Description

MLS# 19430156

PRICE REDUCED! Rare opportunity to purchase a true pride of ownership 7 unit trophy property located between Idaho Ave and Montana Ave in the heart of Santa Monica. New roof in June 2018! Copper plumbing. Much larger than similar buildings with 9,318 sf of living area on an 8,000 sf lot with an alley. All seven units are big 2 bedrooms + 2 baths with large kitchens with breakfast bar, dining room, large living room, and a true master bedroom with en suite bath. Each unit has a large, private covered patio or balcony that is large enough to have a big table and chairs. Average unit size is approx. 1,330 sf. Excellent parking with 7 individual spaces and 9 if used as tandem. Most units remodeled with granite counters, dishwashers, and S/S appliances. The building is in excellent overall condition. Over 35% upside rent potential. Property is subject to City of Santa Monica rent control. Listed by David Schuchman, Roque & Mark Company, Inc..

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    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
PARKING: Carport
COOLING: None
LAUNDRY: Community, See Remarks
Exterior Features
ROOFING: Composition
Community
UNITS TOTAL: 7
STORIES TOTAL: 2
Land
LOT DIMENSIONS: 50x160
ZONE: SMR2*
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