Properties

Santa Monica, CA 90403 827 18th Street

Pending
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Presented By: D. Timothy Byrne with Compass;
  • MLS# 26645245
  • 01/28/2026
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  • Beds • 13
  • Baths • 2
  • SQFT • 8,406

Home Details

We are proud to present this opportunity to acquire 827 18th Street, an exceptional multifamily property located just half a block south of coveted Montana Avenue. Built in 1959 and well maintained with pride of ownership, this 100% occupied mid-century asset was designed to maximize livability with oversized floor plans, many featuring private balconies or yard space, along with decorative fireplaces that enhance the charm and character of each residence. The property consists of six (6) large units, including five (5) two-bedroom/two-bath units and one (1) three-bedroom/three-bath unit located on the second floor. The units offer spacious living areas with dedicated dining space, large kitchens, and ample storage throughout. The building also includes a dedicated laundry room, five (5) on-site parking spaces, and tenant storage. Each unit is separately equipped with its own water heater. A well-kept front courtyard further enhances curb appeal, with direct access for Unit A. The building totals approximately 8,406 SF on an 8,001 SF lot, zoned SMR2. The two-bedroom units average approximately 1,350 SF, while the three-bedroom unit is estimated at 1,650 SF, making this an attractive unit-size profile for the area. Current rental income is effectively generating approximately $2.00/SF, with significant upside potential of approximately 62%, highlighting a compelling opportunity for income growth. Recent improvements include exterior painting, electrical updates, a newer roof, and plumbing upgrades, with two units recently updated. This is a rare chance to acquire a pride-of-ownership Santa Monica asset with strong in-place income and meaningful long-term upside.
Presented By: D. Timothy Byrne with Compass;

Interior Features for 827 18th Street

Bedrooms

Total Bedrooms13

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NYes
Total Stories

General for 827 18th Street

Cap Rate4.1
Carport Y/NYes
CitySanta Monica
CoolingNone
CountyLos Angeles
DirectionsWest of 26th Street - South of Montana Ave
Full Baths
Gross Income194888
HOANo
HeatingForced Air
LevelsTwo
Living Area8406
Lot Size Square Feet8004
Lot Size UnitsSquare Feet
MLS AreaC14 - Santa Monica
Net Operating Income120142
New ConstructionNo
Number Of Units Total6
PostalCitySANTA MONICA
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Year Built1959
ZoningSMR2*

Exterior for 827 18th Street

Building Area Total8406
Lot Size Acres0.1837
Lot Size Area8004
Number of Buildings1
Parking FeaturesCarport
Total Parking5

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,995,000
MLS#26645245
List Date 01/28/2026
Property Type Multi-Family
Phone 888.795.6274
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The Woodlands, TX 77380
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