USACASanta Monica1837 18Th St
1837 18 Th St | Image 1

$3,475,000

Sold

7 months ago

1837 18 Th St, Santa Monica, CA

MLS® 25580261

15 Bed

14 Bath

7200 sqft

16 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 7200 sqft
Garage Yes
HOA Fees 
Taxes 
Approx. Age 1990
Avg. Price Per Sqft $482
MLS® Number 25580261

Property Address: 1837 18th St, Santa Monica, CA, 90404-4485

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 1837 18th Street, an outstanding multifamily investment opportunity located in the heart of Santa Monica. Built in 1990, this well-maintained property offers spacious units, exceptional parking, and significant rental upside. 1837 18th Street consists of six 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, totaling approximately 7, 200 square feet on an 8, 002 square foot lot. Four units are not subject to rent control, while the remaining three units have a rent-controlled deed restriction in place until 2045. One unit will be delivered vacant at closing, offering immediate lease-up potential. The current ownership has invested in notable capital improvements, including tenting the property for termites, replacing the roof (15-year warranty included), and upgrading many of the units. The property also boasts 13 subterranean parking spaces and three single-car garages an amenity rarely found in similar assets along with in-unit washer/dryer hookups in every apartment. All utilities including water are individually metered, resulting in low operating costs. Priced at a 5.24% cap rate and 12.82 GRM on current income, the building presents excellent potential to increase income through strategic rent increases and further upgrades. Situated in a prime Santa Monica location near acclaimed restaurants, boutique retail, and major employment centers, 1837 18th Street represents a rare opportunity to acquire a stable, "bread-and-butter" apartment asset with long-term upside in one of Los Angeles' most desirable rental markets.
MLS® Number25580261
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelStacked
Exposure
Exterior
GarageYes
Approx. Age1990
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Aug 27, 2025End Date
$3,250,000Sold Price

Sold

Aug 19, 2025List Date
$3,475,000List Price
  • Commute

Commute

Starting Address
Destination Address
1837 18 Th St, Santa Monica, CA

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