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

Back on the Market! 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 NAME

Back on the Market!

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.