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1111 18th St, Santa Monica

Coming Soon

4 Units

$3,489,500

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PROPERTY LOCATION

1111 18th St, Santa Monica, CA 90403, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

4

$872,375

Price/Sqft

$877.42

Building Sqft

3977

Lot Sqft

Current Cap Rate

8009

3.60%

Current GRM

19.44

Year Built

1937 (2020)

Zoning

Market Cap Rate

SM-R2

4.25%

Market GRM

17.21

CONTACT

LISTING TEAM

Nico.jpg

Charlie Rasmussen

310.404.9072

DRE 02039995

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Nico Rosmarin

424.226.9449

DRE 02023847

Nico.jpg

INVESTMENT DESCRIPTION

Charlie Rasmussen and Nico Rosmarin of Lyon Stahl Investment Real Estate are pleased to present 1111 18th Street, an incredible multifamily investment opportunity in the heart of Santa Monica. The property is located north of Wilshire Boulevard, on a quiet, tree-lined street. The location is ideally situated within walking distance to numerous high-end retail shops and restaurants.

1111 18th Street is a 4-unit apartment building with a total living area of 3,977 sqft, situated on a large 8,009 sqft lot. The building is comprised of two (2) three-bedroom/two-bathroom units and two (2) one-bedroom/one-bathroom units. The units have been fully remodeled, making this a turn-key asset in prime Northern Santa Monica.