2019 18Th St

Pico, Santa Monica, CA 90404

$2,275,000
5
beds
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

Property Description

RUN! Unheard of cap rate for Santa Monica at 5%. Endless investment opportunities on this three unit large lot with Civic Zoning in the Pico Neighborhood. Move right into one of these adorable, detached bungalows and/or start earning high rents right away. Each bungalow has privacy, original detail, private courtyards & parking. The vacant front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The rented middle unit is approx. 674 sq. ft. and has Saltillo flooring, high ceilings, skylights & a greenhouse room. The rented back unit is approx. 550 sq. ft. w/ vaulted beam ceilings, skylights & was beautifully remodeled in 2007. This middle & back unit are currently rented for $3,560 each. Mature pomegranate trees & several other fruit tress throughout the property. Zoning is R2-NC (residential/commercial). Near SMC, parks and recreation, transport, dining and Whole Foods. Three units can qualify for an owner occupied rent control waiver. Buyer to perform due diligence with the City.
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PROPERTY DETAILS

  • Interior
    2,050 Sq Ft.
  • Exterior
    .18 Acres
  • MONTHLY MAINTENANCE/CC
    $1,100
  • Property Type
    Multi Family Townhouse
  • Year Built
    1946
  • MLS/Listing ID
    21743080
  • Days On Market
    142

Amenities

  • Terrace
  • Washer Dryer Included
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Listing Courtesy of Compass, Esther Hickman - 01993403

LOCATION

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TRAVEL TIMEFROM2019 18th St
TYPE OF TRANSPORTATION