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921 16th Street, Santa Monica, CA 90403
Priced at Only: $5,595,000
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Address: 921 16th Street, Santa Monica, CA 90403
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  • MLS#: 26666473 ( )
  • Street Address: 921 16th Street
  • Viewed: 7
  • Price: $5,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: Santa Monica
  • Zipcode: 90403
  • Provided by: Christie's International Real Estate SoCal
  • Contact: Donald Donald
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Occupy one of the stunning three bedroom townhome style units and enjoy the best of Santa Monica living while your property generates income alongside you. Thoughtfully designed with modern finishes, spacious layouts, and private outdoor areas, these homes offer comfort and style just steps from Montana Avenue's premier dining, cafs, and retail including local favorites like Bread Head, Lalaland Kind Cafe, Whole Foods, and Williams Sonoma. Beyond the lifestyle appeal, the property offers an assumable 3.5% loan that provides rare access to below market financing, significantly enhancing cash flow and overall returns from day one. The total six remodeled units are well positioned for strong tenant demand, supported by desirable amenities such as private patios in select units, ample parking, storage, bike storage, shared laundry, and tankless water heaters. Additional upside exists with the potential to add one to two units, unlocking up to $100,000 in projected annual income creating a unique opportunity that combines immediate livability with long term financial growth. Drive by only. Interior access provided with accepted offer. Please do not disturb tenants.
Features
Appliances
  1. Range
  2. Disposal
  3. Refrigerator
  4. Dishwasher
Building Area Total
  1. 5268.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Direction Faces
  1. West
Fireplace Features
  1. Living Room
Flooring
  1. Tile
  2. Wood
Foundation Details
  1. Raised
Heating
  1. Central
Laundry Features
  1. Individual Room
  2. Community
  3. Outside
  4. Washer Included
  5. Dryer Included
Levels
  1. Multi/Split
  2. One
  3. Two
Netoperatingincome
  1. 257627.00
Parcel Number
  1. 4281002021
Property Condition
  1. Updated/Remodeled
Roof
  1. Composition
  2. Shingle
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
  3. Gated Community
Sewer
  1. Other
Sourcesystemkey
  1. 26666473:CLAW
Totalexpenses
  1. 96001.00
View
  1. None
Year Built
  1. 1927
Zoning
  1. SMR2*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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