914 18Th Street

Santa Monica, CA 90403

PRICE REDUCED

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-$195,000 (-5.92%)

$3,100,000

List Price

7

bed Beds

4

shower Baths

5,100 sqft

straighten / sqft

1927

calendar_month Built

Property 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 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 Information

List Price $3,100,000
Status Active
MLS 24422677
Type Residential Income
Year Built 1927
Lot Size 8,023
Structure Size 5,100
DOM 21
Courtesy Of Compass
Listing Agent Jacqueline Chernov DRE#01361435

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jacqueline Chernov, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 8:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.