$2,550,000
914 18th Street, Santa Monica CA 90403
Multi-Family (7 Units)
Property type
15 days
On market
$500
Price per sqft
N/A
Garage
1927
Year built
8,023 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Jimmy Heckenberg DRE #01910100 310-650-1116, Rodeo Realty
Listing updated: Jun 9, 2026 at 07:31am.
Last checked: Jun 14, 2026 at 08:30am
Source: CRMLS #26841047
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $8,650 | $8,650 | $0 | Unfurnished |
| 2 | 2 | 2 | — | $7,500 | $7,500 | $0 | Unfurnished |
| 1 | 2 | 2 | — | $6,850 | $6,850 | $0 | Unfurnished |
| 2 | 1 | 1 | — | $5,500 | $5,500 | $0 | Unfurnished |
| 1 | 0 | 1 | — | $3,950 | $3,950 | $0 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Financial Snapshot
Gross Rent Multiplier
6.6x
List Price / Annual Gross Rent
Cap Rate
11.19%
NOI / List Price
Net Operating Income: $285,302
Interior
Cooling: None
Heating: None
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Multi Split
Property Condition: Fixer, Repairs Major
Common Walls: One Common Wall
Garage and Parking
Parking: None
Parking Total: 5
Lot Information
Land Lease: No
Parcel #: 4277009003
Zoning: SMR2*
Community
HOA: No
Senior Community: No