848 18th St

A 7-unit multifamily income property on the 800 block of 18th Street — the top of Montana’s strip in Santa Monica. 9,318 total square feet across seven oversized two-bedroom / two-bath units on a gated lot with parking for nine. Recently reduced. Ideal for an owner-operator or long-term hold in one of LA’s most consistently rented submarkets.

Seven extra-large 2-bedroom / 2-bath residences — five at ~1,250 sq ft and two at ~1,450 sq ft. Every unit has its own separate entrance and a private balcony or patio. Three of seven units include in-unit laundry; Units 3, 5, and 6 have washer/dryer hookups plus gas lines run to the patio for outdoor grills. A common laundry room on-site is owner-owned with mobile-pay machines under service contract.

One unit is fully renovated — stainless-steel appliances, in-unit washer/dryer, new kitchen, new bath, and central air. The remaining units are in varying stages of renovation. Unit 6 is currently gutted and awaiting permits before proceeding; the listed price is “as-is” with Unit 6 unfinished. Expected cost to complete Unit 6: $40K–$50K.

New roof installed in 2018. Full copper plumbing throughout. Electrical upgraded. The building runs approximately 90% electric — meaningfully lower operating expenses than comparable Santa Monica multifamily assets. One of Santa Monica’s most walkable stretches, minutes from the coast, Palisades Park, and the 405 / 10 freeway system.