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$3,800,000
8 Days Online

914 18th Street
Santa Monica, CA 90403

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Anna Kampling of Colliers International Greater Los Angel

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914 18Th Street914 18Th Street914 18Th Street914 18Th Street
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Monthly Payment (Est.)

$17,337
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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

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Listing Snapshot
Price 
$3,800,000
Days Online 
8 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,100 sqft
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1837 Acres
Year Built 
1927
MLS Number 
23235847
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS
a week agoListing first seen online
General Features
Parking 
None
Parking Spaces 
5
Number of Stories 
2
Acreage 
0.1837
Zoning 
SMR2*
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
None
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Exterior Features
View 
Courtyard
Community Features
Senior Community 
No
MLS Area 
C14 - Santa Monica
Crmls Logo Real Estate For Sale

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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