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Listing 8 out of 172
Sold for $2,850,000 Sold

811 18th Street
Santa Monica, CA 90403

7 beds | Residential Income
3,462 sq ft - MLS# 18333244
Property Photo
1/14

Sold

Sold for $2,850,000 on May 22, 2018

Description

VACANT 4 UNIT BUILDING WITH POOL ON OVERSIZED 8,017 SF LOT (PER ASSESSOR) IS STEPS FROM MONTANA AVENUE! THIS WELL-MAINTAINED BUILDING IN FRANKLIN SCHOOL DISTRICT CONSISTS OF 1 THREE BEDROOM/TWO BATH UNIT (SEPARATE BUILDING), 1 TWO BEDROOM/ONE BATH UNIT AND 2 ONE BEDROOM/ONE BATH UNITS. IDEAL DEVELOPMENT SITE, OWNER USER/FAMILY COMPOUND OR RE-RENT THE UNITS. OWNER HAS PRELIMINARY PLANS FOR HIGH END DUPLEX (NOT SUBMITTED TO CITY) AVAILABLE FOR REVIEW. FIVE (5) COVERED PARKING SPACES IN REAR ACCESSIBLE FROM ALLEY.

Features

  • Property Type: Residential Income
  • Sub Type: Fourplex
  • Listing Status: Closed
  • Listing Price: $2,900,000
  • County/Area: Los Angeles County
  • Zip Code: 90403
  • Year Built: 1949
  • Subdivision/Neighborhood: Santa Monica (C14)
  • Sq.Ft.: 3,462 sq ft
  • Stories: 2
  • Bedrooms: 7
  • # of Parking Spaces: 5
  • Zoning: SMR2*
  • Adjusted Gross Income: 113640.00
  • Agent License Number: 01327137
  • Appliances: Garbage Disposal
  • City Code: 10000054288
  • Cooling Type: None, Ceiling Fan(s)
  • Expense Total Annual: 65821.00
  • Gross Operating Income: 110231.00
  • Gross Rent Multiplier: 25.52
  • Heating Type: Wall Heater
  • Lot Size SQ FT: 8017
  • Lot Size Source: Public Records
  • Net Operating Income: 44410.00
  • Number Of Buildings: 2
  • Parking Features: Covered Parking
  • Selling Agent: Arthur Peter
  • Selling Office: Par Commercial Brokerage
  • Sold Price Per Sqft: 823.22
  • Square Footage Source: Public Records
  • Status: Closed
  • T VServices: Cable TV
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 1923.00
  • Unit Monthly Rent02: 1908.00
  • Unit Monthly Rent03: 2021.00
  • Unit Monthly Rent04: 3618.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 1
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 2
  • Unit Number Of Bed04: 3
  • Units In Complex: 4
  • h: 3.0
  • Sold Date: 2018-05-22 00:00:00
Courtesy of Par Commercial Brokerage, Arthur Peter (CalBRE: 01327137)

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Tom Swanson
Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-702-8559
Email: Tom@WestsideTom.com

Testimonials

Tom Swanson represented me in a very successful real estate purchase last year. Tom paid close attention to my property selection criteria and saved me a great deal of time by only sharing listings that met my criteria. Once we found the desired property, Tom moved quickly to submit my offer, facilitate removal of contingencies, negotiate terms and concessions, and ultimately close the deal for under asking price. I have referred Tom to several family and friends and have engaged him to assist me with the pursuit of my next real estate purchase mitchnahass
Tom is not only a leader to his agents and an amazing professional. He is the kind of person who changes the face of Real Estate by his kindness, his courtesy and his entrepreneurial spirit. He always finds time to make himself available when you need him. Anaik Levy
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