Homes for sale - 840 18th ST, Santa Monica, CA 90403

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Nicole Raach

nraach@gmail.com +1(661) 309-5806

$ 4,250,000

Est. payment | -/mo

15 Beds

15 Baths

9,927 SqFt

Save

$ 4,250,000

Est. payment | -/mo

Save

15 Beds

15 Baths

9,927 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,927 sqft

Price per Sqft $428

MLS Listing ID 25510057

Bedrooms 15

HOA Y/N No

Year Built 1970

Lot Size 8,010 Sqft

Property Description

We are pleased to offer for sale an incredibly unique multifamily asset located at 840 18th Street in the heart of LA's famed beach city of Santa Monica. The offering presents the ultimate opportunity for an owner-user to "make it their own" and create a one of a kind 3-story luxury unit in a 7-unit building steps away from prestigious Montana Avenue. There is no doubt that this offering is the quintessential owner-user opportunity seldom available to be purchased in such a premier location on the Westside. Originally built in 1970 by the current owner's family, the building boasts an ideal unit mix consisting of large 2 and a vacant 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. The owner's unit is over 3,000 square feet (Buyer to verify) and includes 3 bedrooms, 3 bathrooms, a large living room and a den, and a full basement with an in-unit washer and dryer. There is also a very large garage with private entry into the unit. The amazing unit will be delivered vacant at the close of escrow. From an investment perspective, the property has an incredible unit mix consisting of one 3+3 owner's unit and six 2+2 units. All units have private outdoor space, large living rooms, and nicely appointed bedrooms with large closets. There is significant rental upside, ample on-site parking, all copper plumbing (Buyer to verify), a newer roof, as well as an on-site laundry facility and a video surveillance system. A quick stroll to high-end dining, retail, and entertainment venues of Montana Avenue, and in close proximity to the beautiful beach, the property will enable an owner-user to create their private sanctuary while also being situated close to all Santa Monica has to offer. With incredible in-place income and enormous rental upside potential, 840 18th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Attached Carport, Assigned, Private

Attached Garage Yes

Total Parking Spaces 12

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4277008008

Special Listing Condition Standard

Listed by Jonathan Taksa • Remax Commercial and Investment Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 309-5806

nraach@gmail.com

840 18th ST Santa Monica, CA 90403