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About This Home
This 7-bedroom, 4-bathroom residential multi family at 914 18th St in Santa Monica, CA is listed for $2,550,000 ($500 per sqft). Built in 1927, the home offers 5,100 sqft of living space on a 0.18 acres lot.
Presenting a rare value-add development in the heart of Santa Monica! Delivered RTI, this property is fully approved for a thoughtfully designed 7-unit apartment complex. The existing site currently offers a charming courtyard arrangement of four bungalow-style residences one one-bedroom and three two-bedrooms surrounding a sun-filled garden.
The approved plans reimagine the property with a tasteful renovation of the existing units into Class A Spanish-style bungalows, while adding three new residences: a duplex thoughtfully placed in the center courtyard and a studio ADU above the garage.
The result is a boutique collection of seven residences blending historic charm with modern functionality. With stamped permits in hand and no delay in starting construction, this is a true plug-and-play opportunity to create one of the few new multifamily offerings in one of the strongest and most supply-constrained rental markets in Los Angeles. A turnkey investment opportunity in a premier coastal locationthis is not to be missed!
Key Features
- Built in 1927
- 0.18 acre lot
- 2 stories
- 5 parking spaces
Property Details
Monthly Cost Estimate
$13,638/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
914 18th St
Santa Monica, CA 90403
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 914 18th St is listed at $2,550,000 ($500/sqft). The estimated monthly payment is $11,050 based on 20% down at 6.5% interest.
Key features include: Built in 1927, 0.18 acre lot, 2 stories, 5 parking spaces.
This property is listed by Jimmy Heckenberg and can be reached at 3106501116 or JimmyHeck@HRGestates.com.
