1032 18th st, Santa Monica, CA 90403
Active
$3,350,000
6 Units
8 Beds
9 Baths
6,424 Area(sq.ft.)
Lot: 6,639 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2.50 | No | $ 5,500 | $ 5,500 | $ 5,950 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,700 | $ 2,700 | $ 3,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,900 | $ 1,900 | $ 3,000 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,700 | $ 2,700 | $ 3,000 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,700 | $ 2,700 | $ 3,000 |
| Unit 6 | 1 | 2 | 2 | No | $ 2,776 | $ 2,776 | $ 4,500 |
| 6 | 8 | 9 | $ 18,276 | $ 18,276 | $ 22,450 |
| MLS #: | 25541477 |
| Days On Market: | 260 |
| Listing Date: | May 20, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 521 |
| Price per unit: | $ 558,333 |
| Year Built: | 1973 |
Property Details
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.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 220,512 |
| Total Annual Expense: | $ 71,983 |
| Net Operating Income: | $ 146,324 |
| Gross Annual Income: | $ 219,312 |
| Cap Rate: | 4.37% |
| Gross Rent Multiplier: | 15.19 |
Structure
| Type of Units: | Townhome |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Carport |
| Total Parking: | 10 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | None |
| Heating: | Wall |
Exterior
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