914 18th St, Santa Monica, CA 90403
- $2,550,000
- 7
- BD
- 4
- BA
- 5,100
- SqFt
- List Price
- $2,550,000
- MLS#
- 26841047
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 5,100
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!
Additional Information
- Year Built
- 1927
- Garage
- None
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Courtesy of Rodeo Realty, Jimmy Heckenberg.
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