$5,750,000
921 16th Street Santa Monica, CA 90403
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$5,750,000
Est. payment /mo
5,268 SqFt
Active
921 16th Street Santa Monica, CA 90403
UPDATED:
06/13/2024 12:37 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $1,091
MLS Listing ID CL24400485
HOA Y/N No
Year Built 1927
Lot Size 7,499 Sqft
Acres 0.17
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.*
Location
State CA
County Los Angeles
Area Listing
Zoning SMR2
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 4281002021
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Listed by Donald Heller • Christie's AKG
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