827 18th Street, Santa Monica, CA 90403
Local realty services provided by:ERA Excel Realty
827 18th Street,Santa Monica, CA 90403
$2,826,000
- 13 Beds
- 13 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: d. timothy byrne, crystal begley
Office: compass310-820-0195
MLS#:26645245
Source:CRMLS
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Price summary
- Price:$2,826,000
About this home
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, 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....
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Home facts
- Year built:1959
- Listing ID #:26645245
- Added:93 day(s) ago
- Updated:May 03, 2026 at 06:57 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:13
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1959
- Levels:2 Story
Finances and disclosures
- Price:$2,826,000
Parking
- Total parking spaces:5
- Parking description:Carport
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