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Value-add opportunity with upside rent potential!

1015 18th Street, Santa Monica, CA 90403

Property Description

Don't miss out on the rare opportunity to acquire this unique building with six HUGE units located in a prime area in Santa Monica, on a lush and peaceful street North of Wilshire Blvd. The Spanish-inspired exterior highlights classic features, including a red tile roof, rod iron details, custom sconces, and drought-friendly landscaping. The property is being delivered with four vacant units (A 3BD/2.5BA, Two 2BD/2BA and One 1BD/1BA) which the buyer can bring to market rents with huge upside. The vacant 2BD/2BA units have been completely remodeled including new floors, new countertops stainless steel appliances, a four-burner gas range, subway tiles in bathrooms and large mirrored closets. The three-level 3BD/2.5BA with a two-car garage and a driveway is an ideal Owner-User, live in your front "House" and rent the back units to pay your mortgage.