918 7th St , Santa Monica, CA 90403
$4,495,000
Est. Payment: $23,323.59/mo
16 Bed
14 Bath
9420 Sqft
0.17 Acres
Status: active | Days on site: 2
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CLW-L02710 - CLW-C114014,CLW-L09938
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House 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.

Highlights

Listed by Dominick Faraone , 310-795-8567 and Errol Spiro , 310-202-9166 Miller & Desatnik Realty Co. , 310-202-9166. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1959

County

Los Angeles

Area

C14 - Santa Monica

Listing ID

26106596

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:16
  • ▪ Bathrooms:14
Appliances:Refrigerator

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:SMR2*
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Garage,Tandem
Principal Interest
$23,324
Taxes
$2,866

Home Price

$4,495,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$899,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$23,323.59

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,323.59 $2,865.56 $0.00 $26,189.15
Yearly $279,883.05 $34,386.75 $0.00 $314,269.80
Total $8,396,491.52 $1,031,602.50 $0.00 $9,428,094.02

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Current Listings

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Santa Monica, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T23:34:32.000Z

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