902 16Th Street, Santa Monica, CA 90403

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Property Description

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.


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 Eric Sackler DRE #01057377
Co-Listing Agent Susan Lau DRE #01516710
Courtesy Of Coldwell Banker Realty
List Price $3,700,000
Status Active
Type Residential Income
Structure Size 5,560
Lot Size 7,503
Year Built 1926

Listing information courtesy of: Eric Sackler, Susan Lau, Coldwell Banker Realty. *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.