628 18th Street
Santa Monica, CA, 90402
$7,900,000
MLS: 26840917
Beds
4
Baths
3
Sq Ft
3,994
Lot
0.21 ac
Year Built
2026
MLS #
26840917
Days on Market
14
Listed
Jun 2, 2026
Description
Currently under construction. Rare opportunity to acquire a significant architectural project in Santa Monica's coveted Gillette Regent Square neighborhood. Set on an expansive 8,954 sq ft lot, this pre-completion offering presents the chance to take ownership of a residence already well underway in one of the Westside's most sought-after locations. Designed by renowned Santa Monica-based architectural firm Minarc, the property is being offered in its current unfinished state and features a structural steel frame, light-gauge steel interior partitions, and installed high-end window and door packages. Current approved plans call for a 4-bedroom, 3-bath residence of approximately 4,000 square feet, with a generous rear yard area that may accommodate additional outdoor amenities, subject to buyer verification and city approval. Buyers are advised to independently verify all plans, permits, specifications, and remaining scope of work. Further enhancing the opportunity, the sale includes an inventory of selected materials and components acquired for the project, including certain stone slabs, lighting fixtures, plumbing fixtures and appliances, together with a paid-for Solar Forward solar panel system. With substantial progress already completed, the property may appeal to buyers seeking the opportunity to bring their own vision and design preferences to the final stages of construction. Buyers may elect to explore working with the existing architect and construction team, subject to availability and separate agreement, or engage professionals of their choosing. Seller makes no representation regarding completion costs, timelines, or future approvals. Located just moments from Montana Avenue, premier dining, shopping, parks, and Santa Monica's iconic coastline, Gillette Regent Square remains one of the city's most desirable residential neighborhoods, known for its tree-lined streets, larger lot sizes, and architectural character. Opportunities to acquire a project of this scale and location are increasingly rare.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Linda Ferrari · Equity Union
Payment estimate
$56,525
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $790,000 · Loan: $7,110,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $45,034
- Property tax (1.25%)
- $8,229
- Homeowners insurance
- $300
- Mortgage insurance
- $2,963
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Santa Monica home with as little as 3.5% down using an FHA loan — roughly $276,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Santa Monica, CA 90402 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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