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$ 2,795,000
Est. payment /mo
Active
914 18th Street Santa Monica, CA 90403
5,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $548
MLS Listing ID CL25601147
HOA Y/N No
Year Built 1927
Lot Size 8,023 Sqft
Acres 0.18
Property Sub-Type Other
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!
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4277009003
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Listed by Jimmy Heckenberg • Rodeo Realty