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Off Market

1837 18th St

Santa Monica CA 90404

15
14
16
7200 sq. ft.
8008 sq. ft.
Other
Last sold for $3,250,000
John KatnikJohn Katnik, last sold this property on 05 November 2025 after 77 days on market.

Overview

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.

Features

15 bedrooms
14 bathrooms
16 carspaces
3 garage spaces
7200 sq. ft. floor area
8008 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 15 bedroom other properties sold in Santa Monica over the last 12 months.

Property history for 1837 18th St

2025
Sold
$3,250,000
05 Nov 2025 by John Katnik, of BRC Advisors- BH
2003
Sold
08 May 2003

Happy sellers in Santa Monica

100%
100% of sellers in Santa Monica reported that their sale price either exceeded or met their price expectations.

Santa Monica stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Santa Monica over the last 12 months.

Local market activity for 15 bedroom other properties in Santa Monica

In the last 12 months, 1 numeral.15-bedroom other similar to 1837 18th St, have been sold.

Nearby agents

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