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Property Description

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.

Features
: Wall Furnace
2
: Individual Room, Inside, Community
0
Additional Information
Coldwell Banker Realty
0
CLW-X48678
CLW-L2000175
Eric
4281007001
: Standard
Two
32

Multi-Family For Sale

902 16th Street, Santa Monica, California 90403

5,560 Sqft
$3,700,000
Listing ID #24407605
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24407605
Price : $3,700,000
Living Area : 5,560 Sqft
Lot Size : 7,503 Sqft
Year Built : 1926
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90403
Price Per Square Foot : $665
ModificationTimestamp : 2024-07-02 05:13:03
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