SOLD 04/30/2024
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Commercial sold for $4,750,000 in 41 days
848 18th St Santa Monica, CA, 90403
Off the market Other
Seven generously sized 2+2 units nestled in an excellent Santa Monica location. This property offers a solid 4.99% in-place Cap rate. Modern features such as copper plumbing, upgraded electrical systems including electrical car chargers in parking area, and a newer roof (2018) ensure durability and efficiency. Four the units have been upgraded with in-unit washers/dryers. Security is enhanced with newly gated premises, providing peace of mind to occupants. Additionally, a newly installed water heater adds further value to the property.Furthermore, investors will find potential for expansion with plans ready to submit for an Additional Dwelling Unit (ADU), capitalizing on the demand for flexible living spaces. Please contact us for an OM.
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Property details
9,318 sqft interior area
Land area
7,977 sqft (0.18 acres)
Address
848 18th St, Santa Monica, CA, 90403
City of California
Santa Monica
County
Los Angeles
Year Built
1962
District
Listing
Nearby major retailers
Costco
Whole Foods Market
Trader Joe's
T-Mobile
Toyota
Wholesale: 2
Supermarket: 11
Mobile phone: 8
Car: 2
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Interior Features
—
Garage & Parking
Other
Listed by
Kelly Morgan, KW Advisors
Name
Kelly Morgan
License number
01898026
Brokerage company
KW Advisors
MLS #
CL24371487
Buyer agent
Name
Chase Simonton
Brokerage company
RE/MAX One
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Calculate your monthly payments
Mortgage
$14,584
Taxes
$0
HOA dues
$0
Mortgage
$950,000 / 20%
2.28%
30 years
Your amount
$14,584 / month
Lot details
TMK #4277008010
Parcel nr.
4277008010
90403 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90403
40%
Families with children
National average: 39%
54%
Non family households
314,487
Population
$169,221
Average Income
Age & gender
Median age 39 years
More info
Commute types
73% commute by car
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Education level
39% have bachelor education
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Number of employees
2% work in management
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Vehicles available
47% have 1 vehicle
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Vehicles by gender
47% have 1 vehicle
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Housing market insights for
$2.72m
Neighborhood average
sales price*
sales price*
$1.83m
Neighborhood median
sales price*
sales price*
547
Number
of sales*
of sales*
Housing type
36% are small apartments
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
53% have 2 or 3 bedrooms
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Owners vs Renters
60% are renters
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15 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 30, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 30, 2024 | Sold | $4,750,000 | 0 | Public Record |
| Apr 30, 2024 | Price Decrease | $4,750,000 -2.06% | 0 | MLS #CL24371487 |
| Mar 22, 2024 | Pending | $4,850,000 | 0 | MLS #CL24371487 |
| Mar 21, 2024 | New Listing | $4,850,000 -0.92% | 0 | MLS #CL24371487 |
| Aug 15, 2023 | Unavailable | $4,895,000 | 0 | MLS #CROC23026586 |
| Aug 14, 2023 | Withdrawn | $4,895,000 | 0 | MLS #CROC23026586 |
| Feb 23, 2023 | New Listing | $4,895,000 | 0 | MLS #CROC23026586 |
Taxes of 848 18th St, Santa Monica, CA, 90403
SMR2 zoning / MLS #CL24371487
Zoning
SMR2
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Frequently Asked Questions about 848 18th St
What is 848 18th St?
848 18th St is a Commercial/Industrial propertywith 9,318 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
848 18th St, Santa Monica, CA, 90403.
What comparable properties are nearby?
Comparable nearby commercial properties include 901 19th St, 943 19th St, 938 20th St, 817 12th St, 1101 Euclid St, 725 9th St.
Based on information from the bridgeMLS as of 05-17-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 30, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Montana Farms, 0.25 miles away and Whole Foods Market, 0.25 miles away.
The 90403 zip area has a population of 314,487, and 40% of the families have children. The median age is 39.98 years and 73% commute by car. The most popular housing type is "small apartment" and 60% is renter.
