CA > Santa Monica
Santa Monica, CA 90403,921 16th ST
Santa Monica, CA 90403,921 16th ST
Santa Monica, CA 90403,921 16th ST
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Ivan Perez

Ivan Perez

+1(818) 242-6422
$5,900,000
Est. payment /mo
9 Beds
6 Baths
5,268 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,268 sqft

Price per Sqft $1,119

MLS Listing ID 25582911

Bedrooms 9

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 7,501 Sqft

Property Description

With an assumable 3.5% loan, this six-unit income property in Santa Monica gives investors access to below-market financing that dramatically improves cash flow and ROI from day one. Ideally located less than one block from Montana Avenue, 921 16th Street places residents steps from some of the Westside's most sought-after restaurants, cafes, and retailers, including Bread Head, Lalaland Kind Cafe, Whole Foods, Williams Sonoma, and more. With an A+ walkability score and a short stroll to both Montana Avenue amenities and Santa Monica's world-renowned beaches, this location commands enduring tenant demand and premium rental rates. The property consists of six units across three well-maintained buildings, each recently remodeled with consistent finishes and unique layouts. Many units feature private patios, while practical amenities include a shared laundry area, bike storage, ample alley parking (plus street parking for one-bedroom units), additional storage, and tankless water heaters, ensuring convenience and long-term tenant retention. For investors seeking upside, the property offers clear value-add potential with the ability to add one to two additional units, unlocking up to $100,000 in annual income growth. This is a rare chance to acquire a turnkey, cash-flowing, and tax-efficient asset in one of Santa Monica's most coveted rental corridors blending immediate returns with long-term growth in a blue-chip location. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie's RE SoCal, DRE 01527644*

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Laundry Room, Outside

Exterior

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 3

Building

Faces West

Entry Level Multi/Split

Sewer Other

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4281002021

Special Listing Condition Standard

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CRMLS – RECore
Listed by Donald Heller Christie's International Real Estate SoCal

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agent

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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Phone*

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