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Property Description

With an assumable 3.5% loan, this six-unit income property in Santa Monica gives investors access to below-market financing that dramatically improves cash flow and ROI from day one. Ideally located less than one block from Montana Avenue, 921 16th Street places residents steps from some of the Westside’s most sought-after restaurants, cafes, and retailers, including Bread Head, Lalaland Kind Cafe, Whole Foods, Williams Sonoma, and more. With an A+ walkability score and a short stroll to both Montana Avenue amenities and Santa Monica’s world-renowned beaches, this location commands enduring tenant demand and premium rental rates. The property consists of six units across three well-maintained buildings, each recently remodeled with consistent finishes and unique layouts. Many units feature private patios, while practical amenities include a shared laundry area, bike storage, ample alley parking (plus street parking for one-bedroom units), additional storage, and tankless water heaters, ensuring convenience and long-term tenant retention. For investors seeking upside, the property offers clear value-add potential with the ability to add one to two additional units, unlocking up to $100,000 in annual income growth. This is a rare chance to acquire a turnkey, cash-flowing, and tax-efficient asset in one of Santa Monica’s most coveted rental corridors blending immediate returns with long-term growth in a blue-chip location. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie’s RE SoCal, DRE 01527644*

Features
: Central
: Central Air
: No
0
: Individual Room, Dryer Included, Washer Included, Outside
0
Additional Information
Christie's International Real Estate SoCal
0
CLW-X11281
CLW-X8339101
Donald
4281002021
: Standard
Multi/Split
32

Multi-Family For Sale

921 16th Street, Santa Monica, California 90403

5,268 Sqft
$5,900,000
Listing ID #25582911
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25582911
Price : $5,900,000
Living Area : 5,268 Sqft
Lot Size : 7,499 Sqft
Year Built : 1927
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90403
Price Per Square Foot : $1,120
ModificationTimestamp : 2025-08-27 12:14:57
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