914 18th St

Santa Monica, CA, 90403

$3,800,000

$745 per ft²
$3,800,000
$745 per ft²
Active
Active
 - For Sale
baths
7 Baths
carpenters-square
5,100 ft²
property_type
Multi-family
calendar
Built 1927
1. Delivered 100% vacant, plans approved to renovate 4 existing apartments and add 3 additional units, located in prime Santa Monica 2. Charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit garden with the opportunity for a Buyer to build an additional duplex on what is currently the center courtyard, and a studio ADU over the garage 3. Seller has plans and permits stamped and approved to build three ADUs and renovate the existing units into Class A Spanish-style bungalows 4. Upon the completion of renovations and ADU development, a Buyer can quickly achieve an attractive 7.51% cap rate in one of the most competitive markets in the country 5. The property is exempt from Title 24, which alleviates energy restrictions and will allow for a more expeditious development process
MLS® ID:
23-235847
Listed:
12/14/22
Updated:
3/24/23
Compass
Gambino Group
Office: (310) 878-2866Email: info@carlgambino.com

Interior Features

Total Bedrooms
0
Total Bathrooms
7
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
8,000 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
None
Parking Total
5.0
View
Y
County
Los Angeles
Pool
No
Total Stories
2
Zoning
SMR2*

Courtesy of Colliers International Greater Los Angel, Anna Kampling,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gambino Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/24/23

Compass
Gambino Group
Office: (310) 878-2866Email: info@carlgambino.com
Contact