We are proud to present this opportunity to acquire 827 18th Street, an exceptional multifamily property located just half a block south of coveted Montana Avenue. Built in 1959 and well maintained with pride of ownership, this 100% occupied mid-century asset was designed to maximize livability with oversized floor plans,… Read More many featuring private balconies or yard space, along with decorative fireplaces that enhance the charm and character of each residence. The property consists of six (6) large units, including five (5) two-bedroom/two-bath units and one (1) three-bedroom/three-bath unit located on the second floor. The units offer spacious living areas with dedicated dining space, large kitchens, and ample storage throughout. The building also includes a dedicated laundry room, five (5) on-site parking spaces, and tenant storage. Each unit is separately equipped with its own water heater. A well-kept front courtyard further enhances curb appeal, with direct access for Unit A. The building totals approximately 8,406 SF on an 8,001 SF lot, zoned SMR2. The two-bedroom units average approximately 1,350 SF, while the three-bedroom unit is estimated at 1,650 SF, making this an attractive unit-size profile for the area. Current rental income is effectively generating approximately $2.00/SF, with significant upside potential of approximately 62%, highlighting a compelling opportunity for income growth. Recent improvements include exterior painting, electrical updates, a newer roof, and plumbing upgrades, with two units recently updated. This is a rare chance to acquire a pride-of-ownership Santa Monica asset with strong in-place income and meaningful long-term upside. Read Less
Courtesy of Compass 310-820-0195
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
13
Square Ft.
8,406
Lot Size
0.18 Acres
Year Built
1959
MLS Number
26645245
30 Days Snapshot Of 90403
$1.43M
-58%
(avg) sold price
7
+16%
homes sold
99
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven
Building
8,406 sq ft, Built in 1959, Levels: Two
Cooling
None
Disclosures
As Is
Garage
Carport
Heating
Forced Air
Lot
LotAcreage: 0.1837, LotSizeArea: 8,004
Parking
CoveredParking: 5, TotalParking: 5
Property
NumberOfUnits: 6, Zoning: SMR2*
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