Multi-Family for sale in Southern California — $2,550,000. 7 beds · 4 baths · 5,100 sqft. 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…
$2,550,000
914 18th Street, Santa Monica, CA 90403
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!
Listing updated: June 9, 2026 at 12:31 AM
Listed by: Jimmy Heckenberg, Rodeo Realty
Source: CRMLS, MLS#: 26841047, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/01/2026 Source: CRMLS, #26841047 | Listed for sale | $2,550,000$500/sqft |
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