840 18th Street,Santa Monica, CA 90403
Santa Monica, CA 90403
Description
We are pleased to offer for sale an incredibly unique multifamily asset located at 840 18th Street in the heart of LA's famed beach city of Santa Monica. The offering presents the ultimate opportunity for an owner-user to "make it their own" and create a one of a kind 3-story luxury unit in a 7-unit building steps away from prestigious Montana Avenue. There is no doubt that this offering is the quintessential owner-user opportunity seldom available to be purchased in such a premier location on the Westside. Originally built in 1970 by the current owner's family, the building boasts an ideal unit mix consisting of large 2 and a vacant 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. The owner's unit is over 3,000 square feet (Buyer to verify) and includes 3 bedrooms, 3 bathrooms, a large living room and a den, and a full basement with an in-unit washer and dryer. There is also a very large garage with private entry into the unit. The amazing unit will be delivered vacant at the close of escrow. From an investment perspective, the property has an incredible unit mix consisting of one 3+3 owner's unit and six 2+2 units. All units have private outdoor space, large living rooms, and nicely appointed bedrooms with large closets. There is significant rental upside, ample on-site parking, all copper plumbing (Buyer to verify), a newer roof, as well as an on-site laundry facility and a video surveillance system. A quick stroll to high-end dining, retail, and entertainment venues of Montana Avenue, and in close proximity to the beautiful beach, the property will enable an owner-user to create their private sanctuary while also being situated close to all Santa Monica has to offer. With incredible in-place income and enormous rental upside potential, 840 18th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
Details
| MLS# | 25510057 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1970 |
| Days On Site | 46 |
| Listing Provided By | Remax Commercial and Investment Realty 213-817-1000 | Jonathan Taksa |
Features
| Bed(s) | 15 |
|---|---|
| Bath(s) | 15 |
| SQ Feet | 9,927 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | SMR2* |
| Acreage | 0.18 |
Market Activity 90403
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90403 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90403) | |
Price: $4,250,000 low | high Med: $697,000 SqFt: 9,927 low | high Med: 647 $ / SqFt: $428 low | high Med: $1,080 On site: 46 low | high Med: 68.500000 | |