823 18th St is an incredible multi-family asset in a prime Santa Monica location, just south of Montana Ave. This charming five (5) unit property has a desirable unit mix of four (4) 2 BR + 1 Bath and one (1) 1 BR + 1 Bath units. The property has three separate structures with the front building consisting of two (2) 2 BR + 1 Bath units. The middle structure has two (2) 2 BR + 1 bath units. At the very rear of the property is a 1 BR + 1 Bath unit that sits on the second level above the carport parking structure. Some of the units have washer/dryer hookups. Next to the carport parking structure is a two car garage that has the potential to be converted in an ADU. Two of the five units are paying well below market rents, creating a value-add opportunity for new ownership. Strategically positioned just a few steps from Montana Ave., 823 18th St. offers unparalleled access to some of the most sought after shopping, restaurants and entertainment in all of Santa Monica. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
|
DAYS ON MARKET
|
63
|
LAST UPDATED
|
2/28/2025
|
|
YEAR BUILT
|
1948
|
COMMUNITY
|
Santa Monica
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| AREA |
Santa Monica |
| GARAGE |
Carport |
| HEAT |
None |
| LOT |
7990 sq ft |
| PARKING |
Carport |
| STORIES |
2 |
| ZONING |
SMR2* |
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Listed with Miller & Desatnik Realty Co.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/25 3:02 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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