Presenting a rare value-add development in the heart of Santa Monica! Delivered RTI, this property is fully approved for a thoughtfully designed 7-unit apartment complex. The existing site currently offers a charming courtyard arrangement of four bungalow-style residences one one-bedroom and three two-bedrooms surrounding a sun-filled garden. The approved plans reimagine the property with a tasteful renovation of the existing units into Class A Spanish-style bungalows, while adding three new residences: a duplex thoughtfully placed in the center courtyard and a studio ADU above the garage. The result is a boutique collection of seven residences blending historic charm with modern functionality. With stamped permits in hand and no delay in starting construction, this is a true plug-and-play opportunity to create one of the few new multifamily offerings in one of the strongest and most supply-constrained rental markets in Los Angeles. A turnkey investment opportunity in a premier coastal locationthis is not to be missed!
For sale
Price cut: $145K (6/1)
$2,550,000
914 18th St, Santa Monica, CA 90403
7beds
4baths
5,100sqft
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$500/sqft
$-- HOA
What's special
Class a spanish-style bungalowsSurrounding a sun-filled garden
- 39 days |
- 400 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Jimmy Heckenberg DRE # 01910100 310-650-1116,
Rodeo Realty 310-724-7100
Source: CLAW,MLS#: 26841047
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- None
Cooling
- None
Interior area
- Total structure area: 5,100
- Total interior livable area: 5,100 sqft
Property
Parking
- Total spaces: 5
- Parking features: None
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 8,023 Square Feet
Details
- Additional structures: None
- Parcel number: 4277009003
- Zoning: SMR2*
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Fixer,Repairs Major,Tear Down
- Year built: 1927
Community & HOA
Location
- Region: Santa Monica
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $2,361,187
- Annual tax amount: $30,389
- Date on market: 6/1/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$4,577/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $2,550,000-5.4%$500/sqft |
Source: | ||
| 4/9/2026 | Price change | $2,695,000-2%$528/sqft |
Source: | ||
| 2/24/2026 | Price change | $2,750,000-1.6%$539/sqft |
Source: | ||
| 11/18/2025 | Price change | $2,795,000-6.5%$548/sqft |
Source: | ||
| 10/3/2025 | Listed for sale | $2,990,000-0.2%$586/sqft |
Source: | ||
| 4/9/2025 | Listing removed | $2,994,999$587/sqft |
Source: | ||
| 2/8/2025 | Listed for sale | $2,994,999-0.2%$587/sqft |
Source: | ||
| 1/26/2025 | Listing removed | $2,999,999$588/sqft |
Source: | ||
| 11/25/2024 | Price change | $2,999,999-3.2%$588/sqft |
Source: | ||
| 8/22/2024 | Price change | $3,100,000-5.9%$608/sqft |
Source: | ||
| 8/2/2024 | Listed for sale | $3,295,000-13.3%$646/sqft |
Source: | ||
| 6/8/2023 | Listing removed | -- |
Source: | ||
| 1/25/2023 | Listed for sale | $3,800,000+70.8%$745/sqft |
Source: | ||
| 12/2/2020 | Sold | $2,225,000-20.5%$436/sqft |
Source: | ||
| 8/27/2020 | Pending sale | $2,800,000$549/sqft |
Source: Omega Realty Company #20611638 Report a problem | ||
| 7/30/2020 | Listed for sale | $2,800,000$549/sqft |
Source: Omega Realty Company #20611638 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,389 +6.5% | $2,408,410 +2% |
| 2024 | $28,543 +1.6% | $2,361,187 +2% |
| 2023 | $28,088 +1.3% | $2,314,890 +2% |
| 2022 | $27,740 +2.5% | $2,269,500 +2% |
| 2021 | $27,055 +207.9% | $2,225,000 +241.2% |
| 2020 | $8,787 | $652,019 +2% |
| 2019 | $8,787 +8.1% | $639,235 +2% |
| 2018 | $8,129 | $626,702 +2% |
| 2017 | $8,129 +0.6% | $614,414 +2% |
| 2016 | $8,081 +3.7% | $602,368 +1.5% |
| 2015 | $7,795 +2.3% | $593,321 +2% |
| 2014 | $7,618 | $581,699 +5.3% |
| 2010 | -- | $552,429 +1.8% |
| 2008 | -- | $542,887 +2% |
| 2007 | -- | $532,243 +2% |
| 2006 | -- | $521,808 |
| 2005 | -- | $521,808 +4% |
| 2004 | -- | $501,548 +1.9% |
| 2003 | -- | $492,357 +2% |
| 2002 | -- | $482,704 +4% |
| 2000 | -- | $463,962 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Wilshire/Montana
Nearby schools
GreatSchools rating
- 10/10Franklin Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Lincoln Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10Santa Monica High SchoolGrades: 9-12Distance: 1.5 mi
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