Approved 7-Unit Apartment
For Sale
$2,550,000
914 18th St, Santa Monica, CA 90403
RTI, approved plans for seven residences with courtyard layout and an added studio ADU.
Property SizeContact for details
Days on Market67
Property Features for 914 18th St
General Information
Standard status
Active
Class
A
Property subtype
MULTI_FAMILY
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Year Built
1927
Listing Agency:
Rodeo Realty
Listed By:
Jimmy Heckenberg
Source:
Frontgaterealestate
Added: Jun 1
Changed: Jul 10
Last Checked: Aug 6 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rodeo Realty
Investment Insights
Based on property information with market context.
This property is delivered RTI and is fully approved for a 7-unit apartment complex. The existing site features a courtyard arrangement of four bungalow-style residences: one one-bedroom and three two-bedrooms, organized around a sun-filled garden. Approved plans call for a renovation that reimagines the existing homes as Class A Spanish-style bungalows, while also adding three new residences. Those additions include a duplex placed in the center courtyard and a studio ADU located above the garage.
Set in Santa Monica, the project is structured around the current courtyard configuration, with the proposed duplex integrated into the central garden area and the ADU using space above the garage. Stamped permits are indicated as in hand, and the property is presented as ready to begin construction.
For investors, builders, or operators seeking a development with an existing residential framework, this offering provides an approved path to create a compact, boutique collection of seven residences. The combination of renovated bungalow units plus a central courtyard duplex and a separate studio ADU supports a practical range of household types within a single site. Since the plans are approved and permits are noted as ready, the focus can be on implementation rather than entitlement.
Set in Santa Monica, the project is structured around the current courtyard configuration, with the proposed duplex integrated into the central garden area and the ADU using space above the garage. Stamped permits are indicated as in hand, and the property is presented as ready to begin construction.
For investors, builders, or operators seeking a development with an existing residential framework, this offering provides an approved path to create a compact, boutique collection of seven residences. The combination of renovated bungalow units plus a central courtyard duplex and a separate studio ADU supports a practical range of household types within a single site. Since the plans are approved and permits are noted as ready, the focus can be on implementation rather than entitlement.
Key Highlights
- Year built 1927 property in Santa Monica with RTI status
- Fully approved for a 7‑unit apartment complex with plans on file
- Existing setup: 4 bungalow‑style residences (1 one‑bedroom and 3 two‑bedrooms) around a courtyard and garden
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 90403, CA
25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - RTI, approved plans for seven residences with courtyard layout and an added studio ADU.
Where is this apartment building located?
The property is located at 914 18th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Year built 1927 property in Santa Monica with RTI status; Fully approved for a 7‑unit apartment complex with plans on file; Existing setup: 4 bungalow‑style residences (1 one‑bedroom and 3 two‑bedrooms) around a courtyard and garden
