921 16th ST new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90403
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