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Backup Offers

1024 18th St, Santa Monica, CA, 90403

$2,499,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1024 18th St, Santa Monica$2,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage4 spaces
Year Built1924
HeatingWall Furnace
CoolingOther
MLS #NP24046247
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1024 18th St

Welcome to your next investment opportunity in the heart of Santa Monica's prestigious Wilshire Montana neighborhood! This meticulously maintained 5-unit property boasts a desirable unit mix, including four spacious 1-bedroom/1-bathroom apartments and a charming freestanding home with 2 bedrooms and 2 bathrooms. Investors will appreciate the convenience of four single-car garages dedicated to the 1-bedroom units, offering tenants coveted parking in this sought-after area. Each unit is equipped with separate meters, ensuring hassle-free management and maximizing efficiency for potential landlords. Generating additional income, the property features an onsite laundry area, further enhancing its appeal to savvy investors looking to optimize revenue streams. Situated on a nearly 7,000 square foot lot, with alley access, this property offers both space and convenience. Don't miss out on this rare opportunity to own a prime multi-family property in one of Santa Monica's most coveted neighborhoods. Seize the potential for steady cash flow and long-term appreciation in this thriving rental market. Take the next step towards building your investment portfolio with this exceptional property!

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 2

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (949) 644-1600
  • Listing Agent: Blake Nelle

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Other

School Info

Assigned Schools Information:

  • Santa Monica High School, Public District Grades 9-12
  • Lincoln Middle School, Public District Grades 6-8
  • Franklin Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: On the West side of 18th Street, one block North of Wilshire Blvd between California and Washington.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,499,000

Tax Information:

  • Annual Amount: $27,044
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

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Santa Monica, CA

City

Med. Sold Price

$1.7M

Med. Price/SqFt

$1,100

Avg. Days On Market

29

# of Sold Homes

50

1024 18th St vs Santa Monica

23 DAYS ON ROCKET

-6 Days

$2,499,000

+$709.1K More

KEY TAKEAWAY

This property is $709.1K more than the Median Sold Price in Santa Monica, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NP24046247

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (949) 644-1600
  • Listing Agent: Blake Nelle

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:15:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 18, 2004Home Sold
$1,675,000
Jun 17, 2002Home Sold
$975,000

Tax History

YEARPROP. TAXASSESSMENT
2021$27,044$2,200,303
2020$26,597$2,177,574
2019$25,015$2,134,877
2018$24,866$2,093,018
2017$24,866$2,051,979

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,559

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4795394
9
/10

  • Franklin Elementary School

  • 2400 Montana Ave

  • 0.55 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4795395
9
/10

  • Lincoln Middle School

  • 1501 California Ave

  • 0.24 miles

  • Public District Grades 6-8

High School

school-card-donut-4795396
9
/10

  • Santa Monica High School

  • 601 Pico Blvd

  • 1.42 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $90,441. Residents of Santa Monica, CA typically earn between $100k-200k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1024 18th St

What is the listing price of this property?

The listing price of 1024 18th St property is $2,499,000.

What type of property is this?

The property 1024 18th St is a condo located in Santa Monica, California, 90403.

Is this property for sale now?

Accepting Backup Offers: 1024 18th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1024 18th St are:
Franklin Elementary School: GreatSchools Rating 9/10
Lincoln Middle School: GreatSchools Rating 9/10
Santa Monica High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $27,044 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 18, 2004 for $1,675,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1024 18th St is 1924.

Rocket Homes›California›Los Angeles County›Santa Monica›90403›1024 18th St

This home is located at 1024 18th St in Santa Monica, CA and zip code 90403 in the Wilshire / Montana neighborhood. This home, which was built in 1924, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $2,499,000.

In April 2024 more than 22 listings in Santa Monica, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 21 were sold below. The inventory of homes for sale in Santa Monica, CA between March 2024 and April 2024 increased by 24.5%. In April 2024, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $1,789,833.

From Rocket Homes Real Estate and based on county public records data.

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