914 18th St, Santa Monica, CA 90403

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.