
1523 18th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you

Your email has been sent!
1523 18th St
6 Unit Block of Flats £1,768,729 (£294,788/Unit) 4.62% Net Initial Yield Santa Monica, CA 90404



EXECUTIVE SUMMARY
As of September 1, 2024, landlord raised rents and passed through allowable expenses (Rent Control fees & Property Tax Bill) per the rent control ordinance of the City of Santa Monica. In October 2024 the landlord performed maintenance on the property not limited to having Western Exterminator perform a termite inspection and subsequent repairs to exterior facia, ceiling infestation in one apartment, minor repair to exterior side gate north side of apartment one, replaced drain cap to for drain inspection pipe in garage and patched the wall, replaced wood slats for several apartment patios, minor roof patching, main drain inspection by Santa Monica drain company, no corrective measures were deemed necessary, some smoke and carbon monoxide detectors were updated or replaced and minor exterior paint touch up.
PROPERTY FACTS
Price | £1,768,729 | Apartment Style | Low Rise |
Price Per Unit | £294,788 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Net Initial Yield | 4.62% | Building Size | 5,238 SF |
Gross Rent Multiplier | 13.79 | Average Occupancy | 100% |
No. Units | 6 | Number of Floors | 1 |
Property Type | Multifamily | Year Built | 1976 |
Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
Price | £1,768,729 |
Price Per Unit | £294,788 |
Sale Type | Investment |
Net Initial Yield | 4.62% |
Gross Rent Multiplier | 13.79 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 5,238 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1976 |
Parking Ratio | 1.72/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
SITE AMENITIES
- 24 Hour Access
1 of 1
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 4275-013-025 | Improvements Assessment | £281,004 |
Land Assessment | £73,838 | Total Assessment | £354,842 |
PROPERTY TAXES
Parcel Number
4275-013-025
Land Assessment
£73,838
Improvements Assessment
£281,004
Total Assessment
£354,842
ZONING
Zoning Code | SMR2* (SMR2 = Low Density Residential) |
SMR2* (SMR2 = Low Density Residential) |
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Capital RE Group
1523 18th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.