Santa Monica, CA 90404 1523 18th St
$2,225,000
Pending
18 more
Presented By: Bruce Kusada with Capital RE Group; 310-717-9405
Beds • 8
Baths • 6
SQFT • 5,238
Garage • 1
Year Built • 1976
Home Details
UPDATED RENT ROLL SHOWS INCREASE IN TOTAL ANNUAL GROSS SCHEDULED INCOME OF $4,424. GRM CHANGE TO 13.79, CAP RATE TO 4.62.
Charming 6 Unit Garden Apartment building on a tree lined street, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite.
Recently landscaped, termite inspection and repair (October 2024), SB-721 inspection report, Santa Monica Residential Building report, main plumbing inspection and drain cap repair,
Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals.
Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.
Presented By: Bruce Kusada with Capital RE Group; 310-717-9405
Interior Features for 1523 18th St
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, DiningRoom, Electric, Gas, Kitchen, LivingRoom, Outside
Fireplace Y/NYes
FlooringSeeRemarks, Wood
Heating Y/NYes
Interior AmenitiesHighCeilings, BedroomOnMainLevel, MainLevelPrimary, WalkInClosets
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1523 18th St
AccessibilitySeeRemarks, AccessibleHallways
Additional Parcels Y/NNo
AppliancesElectricRange, FreeStandingRange, Disposal, GasRange, Microwave, Refrigerator
Architectural StyleSeeRemarks
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.47
Carport Spaces9.0
Carport Y/NYes
CitySanta Monica
Community FeaturesBiking, Curbs, Park, StormDrains, StreetLights, Suburban, Sidewalks
CoolingNone
CountyLos Angeles
Directions1 1/2 blocks south of Santa Monica Bl, west of 20th Street
ElectricElectricityOnProperty
Electric Expense4670.0
Electric On Property Y/NNo
Entry Location1
ExclusionsApt 6 owns their refrigerator and microwave, Apt 1 owns their microwave.
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income157014.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4259.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet7500.0
Lot Size UnitsSquareFeet
MLS AreaC14 - Santa Monica
MobileHomeRemainsYNNo
Net Operating Income99451.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense63388.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax LotT
Tenant PaysAllUtilities, Electricity, Gas
Total Actual Rent160869.0
Trash Expense0.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense4670.0
Year Built1976
Year Built SourceAssessor
ZoningSMR2
Exterior for 1523 18th St
Building Area Total5238.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsMost units include refrigerator, oven/store and microwave.
Irrigation Water Rights Y/NNo
Lot Dimensions50x150
Lot FeaturesFrontYard, Landscaped, Level, NearPublicTransit, StreetLevel
Lot Size Acres0.1722
Lot Size Area7500.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCovered, Carport, GarageFacesFront, Garage, Gated
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking9.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
