1032 18th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$3,350,000 USD
310-801-3442
1032 18th St, Santa Monica, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/5
null | 4.37% Cap Rate

1032 18th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • South of Montana Location
  • Spacious Owner-User Townhome + 5 Additional Units + Private Garage
  • Major Systems have been updated, Electrical, Plumbing Window, (Buyer to Verify)

OVERVIEW

Situated just south of the iconic Montana Avenue retail corridor in Santa Monica, 1032 18th Street presents a rare opportunity to own a boutique 6-unit apartment building in one of the city's most desirable neighborhoods. This offering includes a spacious, private front-facing townhome-style owner's unit, perfectly suited for an owner-user seeking comfort, style, and privacy. Accessed by a charming pathway and double-door entry, the owner's unit designed three-level, 2-bedroom, 2.5-bath townhome. The main level features updated interiors, including a generous living room, fireplace, dining area, and a modernized kitchen that opens to a private balcony. A sleek, contemporary staircase connects to both the private 4-car garage +/- or a versatile bonus room offering valuable additional space for a gym, or studio, on the lower level with private laundry. Upstairs, two large bedrooms and two full bathrooms provide well-appointed spacious rooms. The remaining five units consist of Four 1-bedroom, 1-bath units and One 2-bedroom, 2-bath unit. From an investment standpoint, the property offers rental upside and has been well-maintained with updated electrical, copper plumbing (buyer to verify), a newer roof, and modern windows and sliding doors. Additional amenities include on-site parking and shared laundry facilities.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$521 USD /SF

# OF UNITS

6

PRICE/UNIT

$558,333

CAP RATE

4.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,639 SF

ZONING

SMR2*

APN/PARCEL ID

4277-027-015

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.