914 18th Street

Santa Monica, CA 90403

$3,100,000
Price
7
Beds
4
Baths
5,100 Sq. Ft.
$608 / Sq. Ft.
5,100
Sq. Ft.
$608
per Sq. Ft.

Description

Presenting an incredible value-add opportunity in the heart of Santa Monica! This property comes RTI for a 7-unit apartment building. Delivered fully vacant and one block from Montana Avenue. The plan features a tasteful renovation of the 4 existing apartments while adding 3 additional units. The charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit gardenwith the opportunity to build an additional duplex on what is currently...Presenting an incredible value-add opportunity in the heart of Santa Monica! This property comes RTI for a 7-unit apartment building. Delivered fully vacant and one block from Montana Avenue. The plan features a tasteful renovation of the 4 existing apartments while adding 3 additional units. The charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit gardenwith the opportunity to build an additional duplex on what is currently the center courtyard, and a studio ADU over the garage. Seller has plans and permits stamped and approved to build three ADUs and renovate the existing units into Class A Spanish-style bungalows. A can't-miss opportunity to build one of the few new construction apartment complexes in the most desirable renter's market in Los Angeles.

Listing Agent

  1. Jacqueline Chernov

    Jacqueline Chernov

    Listing Agent

    Compass

    DRE #01361435

Property Details for 914 18th Street

Zoning
SMR2*
Parcel Number
4277009003
Total Units
7.0
Living Area
5100
Source Living Area
Developer
Area
Santa Monica (C14)
Vacancy Rate
7
Lot Size Area
8023
LISTING UPDATED: 11/13/2024 06:40 PM

Property Details for 914 18th Street

StatusActive
MLS #24-422677
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.18 AC / 8,023 SF
CountyLos Angeles County

Building Information for 914 18th Street

Stories2Residences-Year Built1927Building Size-Lot Size0.18 AC / 8,023 SF

Property Information for 914 18th Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Property Condition: Fixer, Tear Down, Repairs Major
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $370,200
  • Net Operating Income: $285,302.00
  • Gross Income: $387,600
  • Gross Rent Multiplier: $10.26
  • Total Annual Expense: 90670
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1842
  • Lot Size Square Feet: 8023
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 5
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $8,650.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,850.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 2
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,950.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $234,090.00
  • Assessed Improvement Percent: 10.11
  • Assessed Land Value: $2,080,800.00
  • Assessed Land Percent: 89.89
  • Assessed Total Value: $2,314,890.00

Property History for 914 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 914 18th Street

Taxable ValueLand$2,122,416Additions$238,771Total$2,361,187
Tax Record2024$28,543 ($2,379 / month)
Home Facts
Total Finished SqFt3,483 SqFtAbove Grade Finished SqFt3,483 SqFtLot Size8,021 SqFtStyleQuadraplexYear Built1927ZoningSMR2*CountyLOS ANGELESAPN4277-009-003

Schools near 914 18th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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914 18th Street is a multi-family home for sale in Santa Monica, CA 90403. This property was listed for sale on August 1, 2024 by Compass, it's currently listed at $3,100,000. It has been on the market for a total of 112 days and was last sold on December 2, 2020. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Franklin Elementary School, Lincoln Middle School and Santa Monica High School. 914 18th Street is a 7-bed, 4-bath, 5,100 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jacqueline Chernov, DRE #01361435

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.