1111 18th St, Santa Monica
Coming Soon
4 Units
$3,489,500
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
Charlie Rasmussen
310.404.9072
DRE 02039995
Nico Rosmarin
424.226.9449
DRE 02023847
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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.