914 18th Street, Santa Monica, CA 90403
- $2,495,000
- 7
- BD
- 4
- BA
- 5,100
- SqFt
Listing courtesy of Listing Agent: Jimmy Heckenberg (JimmyHeck@HRGestates.com) from Listing Office: Rodeo Realty.
- List Price
- $2,495,000
- Status
- ACTIVE
- Days on Market
- 38
- MLS#
- 26868435
- Subtype
- Residential Income
- Year Built
- 1927
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 5,100
- Lot Size
- 8,023
- Acres
- 0.18
- MLS Area Major
- Santa Monica (C14)
Property Description
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!
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Additional Information
- Zoning
- SMR2*
- Heating
- None
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.