914 18th Street, Santa Monica, CA 90403
List Price: $2.69M
Listing Status: Active
0Days on Market: 8
7 Bedrooms · 4 Bathrooms · 5,100 sq ft
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 8,023 sq ft
MLS Number: 26691689
About This Property
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!
Property Photos
Location
914 18th Street, Santa Monica, CA 90403Coordinates: 34.033386°N, -118.489709°W
Listing Agent
Agent: Jimmy Heckenberg
Brokerage: Rodeo Realty
License: 01910100
Presented by Belmont Brokerage Inc.
California Real Estate Brokerage — DRE #02431308
Phone: (818) 967-6311
Website: bbandm.com
View full listing: bbandm.com/property/CA/Santa-Monica/914-18th-Street/1157090226