1345 18TH Street Santa Monica, CA 90404
Stepp Commercial presents The 18th Street Apartments located in prime Santa Monica, just south of Wilshire Blvd. Tenants can easily enjoy the close proximity of Wilshire Boulevard, the Third Street Promenade, and Main Street boutique shops, dining and nightlife.The desirable unit mix consists of (2) three-bedroom/two-bath and (5) two bedroom/two-bath units. The property has undergone extensive upgrades and improvements including a new hot water heater and copper plumbing throughout. 3 of the 7 units have be fully renovated with stainless steel appliances, grey laminate flooring, custom accent walls, recessed lighting, stone countertops & backsplashes and custom cabinetry. All units have spacious floorplans, dishwashers and lots of natural light.With the 86% upside potential in rents, this property offers investors a tremendous value-add opportunity for future rent growth.
- Price per Sqft: $393
- Year Built: 1965
- Lot Size: 7,496 SqFt
- Acreage: 0.17
- Parking Type: Garage
- Other Appliances: Refrigerator, Dishwasher
- Gas: 1
- County: Los Angeles
- Area: C14 - Santa Monica
Directions: Just north of Santa Monica Boulevard, two blocks west of 20th Street.
Listing courtesy of KWSM
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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