1523 18th Street

Santa Monica, CA 90404

$2,500,000
Price
8
Beds
6
Baths
5,238 Sq. Ft.
$477 / Sq. Ft.
5,238
Sq. Ft.
$477
per Sq. Ft.

Description

Charming 6 Unit Garden Apartment building on a tree lined street, recently landscaped, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite. Resident manager is onsite. Centrally located in Mid-City Santa Monica between Santa Monica Boulevard and Colorado Avenue you are near public transportation, commercial amenities, restaurants, shopping, banking...Charming 6 Unit Garden Apartment building on a tree lined street, recently landscaped, covered gated parking off an alley, vaulted ceilings, hardwood floors and open floor plans. Most units have their own private patios. Front unit has its own two car garage. Laundry (washer and dryer) onsite. Resident manager is onsite. 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.

Property Details for 1523 18th Street

Architectural Style
See Remarks
View
None
Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Capital RE Group, Bruce Kusada, DRE #00639308
Add your commute
LISTING UPDATED: 05/13/2024 07:07 AM

Property Details for 1523 18th Street

StatusActive
MLS #SB24030349
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
CountyLos Angeles County

Location

Listing Courtesy of Capital RE Group, Bruce Kusada, DRE #00639308
Add your commute

Building Information for 1523 18th Street

Building/Complex1523 18th StFloor-Stories2Residences-Pet Policy-Year Built1976Building Size-

Payment Calculator

$14,208 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$564

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1523 18th Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $157,014
  • Gross Scheduled Income: $156,588
  • Gross Spendable Income: $157,014
  • Gross Equity: $2,500,000
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $157,013
  • Net Operating Income: $91,270
  • 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: 15.92
  • Cap Rate: 3.65
Expense Details
  • 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 / Assessment Info
  • Tax Block: 181
  • Tax Tract Number: 701702
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: T
Community / Development
Community / Development
  • 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
Property / Structure Info
Interior Features
  • 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
Exterior Features
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • 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
Parking Info
  • 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 Information
Unit 1
  • 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: $2,876
  • Unit Type Total Rent: $2,876
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • 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: $2,550
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 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: $1,546
  • Unit Type Total Rent: $1,546
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 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: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit 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: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit 6
  • 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: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 5
  • 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1523 18th Street

Taxable ValueLand$91,024Additions$346,406Total$437,430
Tax Record2023$6,764 ($564 / month)
Home Facts
Total Finished SqFt3,831 SqFtAbove Grade Finished SqFt3,831 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1976ZoningSMR2*CountyLOS ANGELESAPN4275-013-025

Schools near 1523 18th Street

This home is within Santa Monica-Malibu Unified School District.
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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1523 18th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on August 25, 2023 by Capital RE Group, it's currently listed at $2,500,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1523 18th Street is a 8-bed, 6-bath, 5,238 sqft multi-family home built in 1976.

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. 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.