About this home

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.

Facts and features

Schools

• Roosevelt Elementary School

  elementary · K-5 · 0.3 mi

  9

• Lincoln Middle School

  middle · 6-8 · 0.7 mi

  8

• Santa Monica High School

  high · 9-12 · 1.3 mi

  9

• St. Monica Catholic Elementary School

  elementary · K-8 · 0.2 mi

• Saint Monica Preparatory

  high · 9-12 · 0.2 mi

• Delphi Academy of Santa Monica

  elementary · K-6 · 0.5 mi

Price history

• Nov 5, 2026 · Listed$4,495,000
• Jan 9, 2015 · Listing Removed$2,500
• Dec 10, 2014 · Price Changed For Rent$2,500
• Dec 7, 2014 · Price Changed For Rent$1,900
• Nov 21, 2014 · Listed For Rent$2,175
• Apr 28, 2014 · Listing Removed$2,775
• Apr 8, 2014 · Price Changed For Rent$2,775
• Mar 24, 2014 · Listed For Rent$2,800

Tax history

• 2025$52,689 tax · $4,270,583 assessed
• 2024$49,429 tax · $4,186,847 assessed
• 2023$48,655 tax · $4,024,269 assessed
• 2022$48,074 tax · $3,945,362 assessed
• 2021$46,897 tax · $3,868,003 assessed
• 2020$46,581 tax · $3,828,342 assessed
• 2019$46,131 tax · $3,753,278 assessed
• 2018$43,378 tax · $3,679,685 assessed

Home value

$6,202,773

• Quantarium$6,202,773
• Collateral Analytics$1,843,000

Where it is