914 18th Street, Santa Monica, CA 90403 (MLS # 25601147)
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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!
| DAYS ON MARKET | 114 | LAST UPDATED | 11/18/2025 |
|---|---|---|---|
| YEAR BUILT | 1927 | COMMUNITY | C14 - Santa Monica |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Nov 18, '25 | $2,990,000 |
|---|---|
| Nov 18, '25 - Today | $2,795,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | C14 - Santa Monica |
| HEAT | None |
| LOT | 8024 sq ft |
| LOT DIMENSIONS | 8023 |
| PARKING | None |
| STORIES | Split/Multi Level |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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