921 16Th Street

Santa Monica, CA 90403

$5,750,000

List Price

9

bed Beds

6

shower Baths

5,268 sqft

straighten / sqft

1927

calendar_month Built

Property Description

Nestled amidst lush greenery, 921 16th St presents a rare opportunity to own a charming property comprising six units across three distinct buildings. Each unit offers a recently remodeled unique layout while maintaining consistent finishes throughout. Residents can revel in the tranquility of their surroundings, with many units featuring private patios, perfect for unwinding amidst nature's embrace. Practical amenities including a shared laundry area, bike storage, and ample parking options in the back alley, except for one-bedroom units which utilize street parking. Additional storage areas and a tankless water heater enhance convenience and functionality, elevating the living experience for residents. Moreover, this property holds untapped potential for value enhancement. With the opportunity to add one to two units, the income potential could see a substantial increase of up to $100,000 per year, presenting an enticing prospect for investors seeking to maximize returns. Embrace the allure of this verdant retreat, offering a harmonious blend of nature, convenience, and investment potential in a coveted locale. *Drive-by only. Showing of the interior of the units only with an accepted offer. Do not disturb tenants.*

Listing Information

List Price $5,750,000
Status Active
MLS 24400485
Type Residential Income
Year Built 1927
Lot Size 7,499
Structure Size 5,268
DOM 69
Courtesy Of Christie's AKG
Listing Agent Donald Heller DRE#01198240
Co-Listing Agent Bjorn Farrugia DRE#01864250

Interior Features

Total Bedroom
Bedrooms 9
Total Bathroom
Bathrooms 6
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Donald Heller, Bjorn Farrugia, Christie's AKG . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.