1523 18th Street
Description
Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking and hospitals. Seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information.
- Listed by Bruce Kusada • DRE #00639308 • Brokerage DRE #00639308 • Capital RE Group • 310-717-9405
Property Details for 1523 18th Street
Property Details for 1523 18th Street
| Status | Active |
|---|---|
| MLS # | SB24030349 |
| Days on Market | 229 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1976 |
| County | Los Angeles County |
Building Information for 1523 18th Street
Property Information for 1523 18th Street
- Tenant Pays: All Utilities, Electricity, Gas
- Gross Income: $157,014
- Gross Scheduled Income: $161,012
- Gross Spendable Income: $161,438
- Gross Equity: $2,225,000
- Vacancy Allowance Rate: 2
- Gross Operating Income: $159,017
- Net Operating Income: $99,451
- Number Of Rented Garages: 0
- Garage Rental Rate: $0
- Garage Income: $0
- Laundry Income: $426
- Other Income 1: $0
- Other Income 2: $0
- Gross Multiplier: 13.78
- Cap Rate: 4.47
- Operating Expense: $63,388
- Fuel Expense: $0
- Electric Expense: $4,670
- Insurance Expense: $4,259
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $4,670
- Total Expenses: $66,753
- Tax Block: 181
- Tax Tract Number: 701702
- CFD/Mello-Roos Fee: $0
- Tax Lot: T
- Accessibility Features: 36 Inch Or More Wide Halls, See Remarks
- Disability Access: 36 inch or more wide halls
- Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Suburban
- Appliances: Free-Standing Range, Disposal, Gas & Electric Range, Microwave, Refrigerator
- Equipment: Laundry Area, Microwave, Refrigerator
- Interior Features: High Ceilings
- Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Walk-In Closet
- Bedroom Features: Main Floor Bedroom, WalkInCloset
- Laundry: Yes
- Laundry Features: Common Area
- Laundry Equipment Own Lease: Lease
- Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Patio, Electric, Gas
- Fireplace Rooms: Bath, Dining, Electric, Gas, Kitchen, Living Room, Patio
- Cooling: None
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: See Remarks, Wood
- Entry Location: 1
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Front Yard, Landscaped, Level with Street, Lot 6500-9999, Level, Near Public Transit
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Road Surface Type: Alley Paved, Paved
- Road Frontage Type: City Street
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Electric: Electricity - On Property
- Water Source: Public
- Garage Spaces: 9
- Parking: Yes
- Parking Garage: Carport, Garage, Gated
- Parking Garage Spaces: 9
- Carport Spaces: 0
- Parking Features: Carport, Covered, Garage, Garage Faces Front, Gated
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,959
- Unit Type Total Rent: $2,959
- Unit Type Pro Forma: 2900
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,150
- Unit Type Total Rent: $2,150
- Unit Type Pro Forma: 2900
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,061
- Unit Type Total Rent: $2,061
- Unit Type Pro Forma: 2300
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,310
- Unit Type Total Rent: $2,310
- Unit Type Pro Forma: 2300
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,328
- Unit Type Total Rent: $2,328
- Unit Type Pro Forma: 2300
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,599
- Unit Type Total Rent: $1,599
- Unit Type Pro Forma: 2300
- Unit Type Type: 6
- Number Of Units Leased: 6
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 0
- Number With Range: 5
- Number With Refrigerator: 5
- Number With Carpet: 0
- Number With Disposal: 6
- Number With Drapes: 0
- Number With Patio: 4
- Number Wall AC: 0
Property History for 1523 18th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1523 18th Street
Schools near 1523 18th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
McKinley Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Olympic High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Capital RE Group, Bruce Kusada, DRE #00639308
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.