902 16th Street, Santa Monica CA, 90403

Active

902 16th Street

Santa Monica CA, 90403

$3,700,000

$665.47 per sqft

Active

7 Beds

7 Baths

5,560 sqft

Residential

Built in 1926

Listed by Eric Sackler with Coldwell Banker Realty 310-979-4990

100% occupied 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. 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.

24407605

MLSⓇ ID

June 24, 2024

Listed

August 30, 2024

Updated

Map

902 16th Street
Santa Monica CA, 90403

Interior Features

Total Stories: 2
Bedrooms: 7
Total Bathrooms: 7
Laundry Description: Common Area, Inside, Laundry Room
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Area Name: C14 - Santa Monica
Days on Market: 29
Garage: No
Parking Total: 5
View: No
County: Los Angeles
Pool: No
Pool Features: None
Zoning: SMR2*

Listing Contact: 310-820-6651

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/30/2024 at 7:09 PM UTC