902 16Th Street, Santa Monica, CA 90403
-
Listed Price :
$3,600,000
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Beds :
7
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Baths :
7
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Property Size :
5,560 sqft
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Year Built :
1926
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Inside, Laundry Room |
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
7 |
Listing Information
| Address |
902 16Th Street |
| City |
Santa Monica |
| State |
CA |
| Zip |
90403 |
| County |
Los Angeles |
| Listing Agent |
Susan Lau DRE #01516710 |
| Co-Listing Agent |
Eric Sackler DRE #01057377 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$3,600,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,560 |
| Lot Size |
7,503 |
| Year Built |
1926 |
Listing information courtesy of: Susan Lau, Eric Sackler, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 25th, 2024 at 1:07 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.
