Homes for sale - 902 16th ST, Santa Monica, CA 90403

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Sally Baik

sally@sallybaikrealestate.com +1(818) 572-3417

$ 3,600,000

Est. payment | -/mo

7 Beds

7 Baths

5,560 SqFt

Save

$ 3,600,000

Est. payment | -/mo

Save

7 Beds

7 Baths

5,560 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,560 sqft

Price per Sqft $647

MLS Listing ID 24473231

Bedrooms 7

HOA Y/N No

Year Built 1926

Lot Size 7,501 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area, Inside, Laundry Room

Exterior

Pool None

Total Parking Spaces 5

Private Pool No

Building

Story 2

Entry Level One,Two

Water Public

Architectural Style See Remarks

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 4281007001

Special Listing Condition Standard

Listed by Susan Lau • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 572-3417

sally@sallybaikrealestate.com

232 W Olive Ave #20, la Habra, California, 90631, USA

902 16th ST Santa Monica, CA 90403