Active
902 16th St
Santa Monica CA, 90403
$3,600,000
$647.48 per sqft
Active
7 Beds
7 Baths
5,560 sqft
Multi-family
Built in 1926
Over 5% CAP and stabilized 7 unit apartment building at 902 16th St. apartment is located in a prime Santa Monica neighborhood just one block south of Montana Ave., known for its upscale shopping and dining offering a charming and sophisticated atmosphere close to the beach. Carefully cared for and meticulously managed, this building features bright units with abundant windows and spacious balconies in some units. New roof was also installed this year to the middle structure. Exterior landscaping includes fruit trees and flower beds lining in the front and backyard. Comprising three distinct buildings, the property includes:* Building #1- facing 16th Street with four units: 902A & 904A on the ground floor, and 902B & 904B upstairs. Each floor shares a washer/dryer set between two units.* Building #2- standalone one-bedroom house at 1522 Idaho Ave, facing Idaho Ave.* Building #3- Two one-bedroom units situated above five garages facing Idaho Ave. 3 Units on Idaho Ave share a laundry room. This trophy property weathered the pandemic rental market downturn and historically has experienced low vacancy and fast turnovers. It offers a rare blend of prime location and sound investment, ideal for discerning buyers looking to invest in a well-maintained asset with steady rental income.
24-473231
MLSⓇ ID
December 18, 2024
Listed
December 18, 2024
Updated
Map
902 16th St
Santa Monica CA, 90403
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
7
Appliances
Other
Laundry Description
Inside, Room, Community
Floor Description
Mixed
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other, Wall
Exterior/Building Features
Lot Size
0.17 Acres
Architectual Style
Other
Other Property Details
Area Name
Santa Monica
Days on Market
1
Garage
Yes
Parking
Garage - 4 Car
Parking Total
5
View
No
County
Los Angeles
Water Source
District
Pool
No
Pool Features
None
Zoning
SMR2*
Listed by Susan Lau with Coldwell Banker Realty
Listing Contact: 213-220-5466
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Data last updated 12/18/2024