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1443 18Th Street

Santa Monica, CA 90404
  • $2,850,000
  • STATUS: Active
  • ON SITE: 106 Days
  • ID#: 21773044
UPDATED: 16 min ago
$2,850,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Josh Kaplan of Transwestern Property Company West, Inc. and John Swartz of Transwestern Property Company West, Inc.

Description

SEE MARKETING PACKAGE IN DOCS. 1443 18th Street is 7,500-square-foot vacant lot with Architectural Review Board and Administrative Approvals for a two-story 11-unit apartment project. The property is rectangular in shape with 50 feet of lot frontage. The designed unit mix consists of eight studio + loft units, one 1bed +1bath + loft unit and two 2bed + loft + 1bath units. All units in the design include loft space and private deck areas with several units having private rooftop decks, creating a comfortable, boutique feel to the project for prospective tenants. The design includes a subterranean parking garage with 13 parking spaces, and bicycle parking is also included with 16 spaces. One unit at the property must function as tenant income-restricted, which means that it can only be leased to households that do not exceed 180%of the Area Median Income. There are no caps on the initial rent and any adjustment shall not exceed 100% of CPI.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T10:25:30.403. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | First Team Real Estate. Licensed in the State of California, USA.
www.encinashomes.com/homes/120534001
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1443 18Th Street Santa Monica, CA 90404

  • Price: $2,850,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 16 min ago
  • ID#: 21773044
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
SEE MARKETING PACKAGE IN DOCS. 1443 18th Street is 7,500-square-foot vacant lot with Architectural Review Board and Administrative Approvals for a two-story 11-unit apartment project. The property is rectangular in shape with 50 feet of lot frontage. The designed unit mix consists of eight studio + loft units, one 1bed +1bath + loft unit and two 2bed + loft + 1bath units. All units in the design include loft space and private deck areas with several units having private rooftop decks, creating a comfortable, boutique feel to the project for prospective tenants. The design includes a subterranean parking garage with 13 parking spaces, and bicycle parking is also included with 16 spaces. One unit at the property must function as tenant income-restricted, which means that it can only be leased to households that do not exceed 180%of the Area Median Income. There are no caps on the initial rent and any adjustment shall not exceed 100% of CPI.
Exterior Features

Parking Total 0 View YN Yes

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning See Docs



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T10:25:30.403. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | First Team Real Estate. Licensed in the State of California, USA.
 
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Veronica Encinas Team | First Team Real Estate
4040 Barranca Pkwy., Ste. 100
Irvine CA, 92604
Listing provided courtesy of Josh Kaplan of Transwestern Property Company West, Inc. and John Swartz of Transwestern Property Company West, Inc.