Asking Price: $2,600,000

1844 18th Street is a 5-unit (plus 1 non-conforming unit) multifamily property in Santa Monica, California. Located just one block from Santa Monica College, the building offers an excellent unit mix of 1 two-bedroom/one-bathroom SFR (in the front of the property), 3 two-bedroom/one-bathroom units, 1 one-bedroom/one-bathroom unit and 1 non-conforming studio/one-bathroom unit. The 4,331 square foot building sits on a 7,745 square foot SMR2 zoned lot. Improvements to the property include brand new (2017) central heat/ac, updated kitchen (front house), fireplace (front house) partial copper plumbing, newer roof and new windows. All units (except the non-conforming studio) have their own washer/dryer. The also property features five enclosed garages. While the current owner has done an excellent job of maintaining the asset, there is still a tremendous amount of upside in rents.