921 16th St Active Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90403
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $1,119
MLS Listing ID 25582911
Style Country English
Bedrooms 9
Construction Status Updated/Remodeled
Year Built 1927
Lot Size 7,499 Sqft
Acres 0.1722
Property Sub-Type Multi-Family
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 Santa Monica
Zoning SMR2*
Rooms
Other Rooms None
Kitchen Remodeled, Granite Counters
Interior
Heating Central, Other
Cooling Central, Other
Flooring Mixed, Hardwood, Tile
Equipment Garbage Disposal, Range/Oven, Refrigerator, Dishwasher, Washer, Dryer
Laundry Room, Outside
Exterior
Parking Features Other
Garage Spaces 3.0
Waterfront Description None
View Y/N No
View None
Roof Type Composition, Shingle
Building
Sewer In Street
Water Public
Architectural Style Country English
Level or Stories Multi/Split
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard