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2019 18th St, Santa Monica, CA 90404

$4,250,000

Description

2019 18th Street in Santa Monica is currently operating as a three-unit apartment building located directly adjacent to Santa Monica College. Given the extremely desirable location & unique neighborhood commercial zoning, the highest and best use is to develop residential units, condos, or a mixed-use building. 2019 18th Street is conveniently located by the 10 Freeway entrance, connecting you directly to downtown LA and LAX via the 405 Freeway. The 7,991 SF lot has multiple options for development (buyer to verify)

1. Residential Only – 14 Studios @ $2,500 a month

2. Residential With Retail Space – 12 Units @ $30,000 (monthly gross) | Retail Space @ $25,000 (monthly gross).

3. Condominiums – 12 Units with Approximately 713 SF Each.

 

The property currently consists of one (1) 2-bed/2-bath unit, a one (1) 2-bed/1-bath unit, and a one (1) 1-bed- 1-bath unit situated on a 7,991 SF lot.

• Huge Development Opportunity – Residential or Mixed-Use

• Prime Location – Directly Across from the Top Junior College in the Country, Santa Monica College

• Zoned NC – Neighborhood Commercial can be Used for Residential Building, Retail, or Condominiums

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Address

  • City: Santa Monica
  • State/county: CA
  • Country: United States

Detail

Updated on February 13, 2020 at 10:22 am

  • Price: $4,250,000
  • Property Size: 1382 Sq Ft
  • Land Area: 7991 Sq Ft
  • Year Built: 1946
  • Property Type: Multifamily, Triplex
  • Property Status: Active
  • Numbers of Units: 3

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Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin

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