1837 18th Street, Santa Monica, CA 90404
Local realty services provided by:ERA Excel Realty
1837 18th Street,Santa Monica, CA 90404
$3,475,000
- 15 Beds
- 14 Baths
- 7,200 sq. ft.
- Multi-family
- Pending
Listed by:john katnik
Office:brc advisors- bh
MLS#:25580261
Source:CRMLS
Price summary
- Price:$3,475,000
- Price per sq. ft.:$482.64
About this home
We are pleased to present 1837 18th Street, an outstanding multifamily investment opportunity located in the heart of Santa Monica. Built in 1990, this well-maintained property offers spacious units, exceptional parking, and significant rental upside. 1837 18th Street consists of six 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, totaling approximately 7,200 square feet on an 8,002 square foot lot. Four units are not subject to rent control, while the remaining three units have a rent-controlled deed restriction in place until 2045. One unit will be delivered vacant at closing, offering immediate lease-up potential. The current ownership has invested in notable capital improvements, including tenting the property for termites, replacing the roof (15-year warranty included), and upgrading many of the units. The property also boasts 13 subterranean parking spaces and three single-car garages an amenity rarely found in similar assets along with in-unit washer/dryer hookups in every apartment. All utilities including water are individually metered, resulting in low operating costs. Priced at a 5.24% cap rate and 12.82 GRM on current income, the building presents excellent potential to increase income through strategic rent increases and further upgrades. Situated in a prime Santa Monica location near acclaimed restaurants, boutique retail, and major employment centers, 1837 18th Street represents a rare opportunity to acquire a stable,"bread-and-butter" apartment asset with long-term upside in one of Los Angeles' most desirable rental markets.
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Home facts
- Year built:1990
- Listing ID #:25580261
- Added:44 day(s) ago
- Updated:October 03, 2025 at 04:40 PM
Rooms and interior
- Bedrooms:15
- Total bathrooms:14
- Living area:7,200 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1990
- Building area:7,200 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$3,475,000
- Price per sq. ft.:$482.64
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