902 16th Street
Santa Monica, CA 90403
- – beds
- – baths
- – sqft
- 7,503 sqft lot
- 1926 build
- – on site
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.
Last checked:
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Last updated Dec 18, 2024
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MLS# 24473231 —
The Building
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Year Built:1926
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:5560.00
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Total Number Of Units:7
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# of Buildings:3
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Architectural Style:See Remarks
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Stories Total:2
Interior
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Levels:Two, One
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Laundry:Inside, Individual Room, Community
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Laundry:1
Financial & Terms
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Disclosures:Property Report
Location
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Directions:Located on the corner of 16th Street and Idaho Avenue.
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Latitude:34.03204000
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Longitude:-118.49184300
The Property
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Property Type:Residential Income
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Zoning:SMR2*
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Lot Size Area:7503.0000
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Lot Size Acres:0.1722
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Lot Size SqFt:7503.00
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Lot Size Source:Assessor
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4281007001
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Utilities
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Water Source:Public
Appliances
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/18/24
Dec 18, 2024
|
Listed / Active | CRMLS_CA | $3,600,000 | |
|
6/25/24
Jun 25, 2024
|
Listed / Active | CRMLS_CA |
