1111 18th St, Santa Monica CA 90403

1111 18th St, Santa Monica CA 90403

Santa Monica CA

Property Description

Nico Rosmarin and Charlie Rasmussen 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. Three of Four units have been fully remodeled with the works, and various upgrades to the fourth unit, including brand new kitchen appliances. 1111 18th St is a turn-key assent in prime Northern Santa Monica.

Investment Highlights:
<li>Unit Mix: (2) 3bd + 2bth &amp; (2) 1bd + 1bth</li>
<li>5 Onsite Garage Spaces &amp; Ample Permitted Street Parking</li>
<li>Prime Santa Monica Location North of Wilshire</li>
<li>Brand new stainless steel Samsung kitchen appliances</li>
<li>3/4 units fully remodeled, Upgraded appliances in 4th unit.</li>

Property Features

  • Sale Price: $3,489,500
  • Area Size: 3977 SF
  • Land Area: 8009 SF
  • Listing Date: 3/15/2021
  • Units: 4
  • Current GRM: 19.09
  • Current Cap Rate: 3.96%
  • Market GRM: 17.21
  • Market Cap Rate: 4.25%
  • Current NOI: $128,842

Lyon Stahl Investment Real Estate

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