914 18th Street, Santa Monica, CA 90403
List Price: $2.5M
Listing Status: Active
0Days on Market: 0
7 Bedrooms · 4 Bathrooms · 5,100 sq ft
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 8,023 sq ft
MLS Number: 26868435
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!
Listing provided by: Jimmy Heckenberg DRE #01910100 310-724-7100 JimmyHeck@HRGestates.com, Rodeo Realty
Source: CRMLS, MLS #: 26868435
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