902 16th St

For Sale

902 16th St, Santa Monica, CA 90403

This Santa Monica property for sale is located at 902 16th St. The current listed sale price for 902 16th St is $3,600,000. 902 16th St is situated on a lot that is 7,500 square feet in size.

Contacts

broker
Eric Sackler

Coldwell Banker Realty

broker
Susan Lau

Coldwell Banker Realty

Property Details

  • Property Type Multi-Family
  • Property Size 5,560 SF
  • Units 7
  • Lot Size 7,500 SF
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 5
  • Year Built 1926
  • Date Updated Jan 6, 2025
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 onebedroom 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.
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Highlights

  • Age: 41-50 Years Old
  • Lot Size: Under 1/2 Acre
  • Prime Santa Monica location, 1 block south of Montana Ave 5.10% CAP | 14.25 GRM - Current with only 1 vacancy projected at market Meticulously maintained and managed by owner for 35 years 3 buildings on this lot with beautiful landscaping and 3 separate shared laundry areas for tenants Renovate...

Getting around

  • 81/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 86/100

    Bike Score ®

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Location

  • City Santa Monica, CA
  • Neighborhood Wilshire - Montana
  • Zip Code 90403
  • Market Los Angeles

Points of Interest

  • Upper Tram Station

    3.35 miles

  • Westwood/Rancho Park

    3.87 miles

  • Lower Tram Station

    3.95 miles

  • Palms

    5.02 miles

  • West CTA

    7.78 miles

  • Center CTA

    7.88 miles

  • Zone 23

    7.90 miles

  • Zone 22

    7.91 miles

  • Zone 21

    7.91 miles

  • Zone 5

    7.93 miles

  • Tesla Supercharger

    0.62 miles

  • Chevron

    0.67 miles

  • Mobil

    0.87 miles

  • 76

    0.88 miles

  • Sinclair

    1.12 miles

  • eVgo

    1.27 miles

  • Shell

    1.33 miles

  • World Oil

    1.33 miles

  • Tesla Destination Charger

    1.38 miles

  • FLO

    2.29 miles

  • SMC Performing Arts Center Parking

    0.72 miles

  • 17th Street/SMC Metro Parking

    0.92 miles

  • Parking Structure 1

    1.01 miles

  • Parking Structure 4

    1.16 miles

  • Parking Structure 5

    1.17 miles

  • Parking Structure 7

    1.22 miles

  • Parking Structure 6

    1.24 miles

  • Beach Parking

    1.29 miles

  • Annenberg Beach House Parking

    1.31 miles

  • Parking Structure 8

    1.33 miles

  • The Ambrose

    0.60 miles

  • Gateway Hotel Santa Monica

    0.73 miles

  • American Motel

    0.73 miles

  • Proper

    0.76 miles

  • Palihouse Santa Monica

    0.95 miles

  • Cal Mar Hotel Suites

    1.02 miles

  • Huntley Santa Monica Beach

    1.06 miles

  • Oceana

    1.10 miles

  • oceana

    1.11 miles

  • Fairmont Miramar - Hotel & Bungalows

    1.13 miles

  • Whole Foods Market

    0.18 miles

  • Tehran Market

    0.37 miles

  • Vons

    0.39 miles

  • Target

    0.40 miles

  • Pavilions

    0.55 miles

  • Trader Joe's

    0.66 miles

  • Co-opportunity Market

    0.75 miles

  • TJ Maxx

    1.01 miles

  • Erewhon

    1.02 miles

  • Brentwood Country Mart

    1.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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