918 7th ST, Santa Monica, CA 90403
918 7th ST, Santa Monica, CA 90403
918 7th ST, Santa Monica, CA 90403
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Ari Test

+1(123) 456-7890
$4,495,000
Est. payment /mo
16 Beds
14 Baths
9,420 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,420 sqft

Price per Sqft $477

MLS Listing ID 26106596

Bedrooms 16

HOA Y/N No

Year Built 1959

Lot Size 7,453 Sqft

Property Description

We are proud to present a prime 12-unit multifamily investment opportunity at 918 7th Street, ideally located in one of Santa Monica's most desirable neighborhoods, north of Wilshire Blvd. and just one block south of Montana Ave. The property features an excellent unit mix, significant capital improvements, and rental upside, with convenient walking distance to Montana Avenue's shops, restaurants, and cafes, as well as Palisades Park. Built in 1959, the building consists of (8) one-bedroom and (4) two-bedroom units and has benefited from a completed seismic retrofit, newer windows, and several renovated units. Interior features include recessed lighting, wood flooring, and dishwashers, complemented by private balconies and patios. The rear upstairs unit also offers an outdoor rooftop deck, and each unit has room to accommodate an in-unit washer and dryer. Parking includes four tandem spaces in front and additional covered parking off the rear alley. The neighboring property added two ADUs in its front parking area while retaining parking, suggesting the potential to pursue a similar configuration here. This potential, combined with rental upside and the opportunity to add in-unit laundry, offers several avenues for additional income and long-term value. An assumable loan is available at 5.97% with interest-only payments for three years. Contact the listing agents for additional information regarding the loan assumption.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Garage, Tandem

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4292007005

Special Listing Condition Standard

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Listed by Dominick Faraone Miller & Desatnik Realty Co. #01925895

NEARBY SCHOOL & BUSINESS

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