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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.
Property Type(s):
Residential Income
| Last Updated | 2/28/2025 | Year Built | 1948 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Santa Monica |
| GARAGE | Carport |
| HEAT | None |
| LOT | 7990 sq ft |
| PARKING | Carport |
| STORIES | 2 |
| ZONING | SMR2* |
Location
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Listed with Miller & Desatnik Realty Co.
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