902 16th St

902 16th St, Santa Monica, CA 90403

  • For Sale $3,600,000
  • Property Type Multi-Family
  • Property Size 5,560 SF
  • Units 7
  • Lot Size 7,500 SF
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 5
  • Year Built 1926
  • Date Updated Jan 4, 2025
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 onebedroom 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.
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Highlights

  • Age: 41-50 Years Old
  • Lot Size: Under 1/2 Acre
  • Prime Santa Monica location, 1 block south of Montana Ave 5.10% CAP | 14.25 GRM - Current with only 1 vacancy projected at market Meticulously maintained and managed by owner for 35 years 3 buildings on this lot with beautiful landscaping and 3 separate shared laundry areas for tenants Renovate...

Contacts

broker
Eric Sackler

Coldwell Banker Realty

broker
Susan Lau

Coldwell Banker Realty

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Transit Score ®

    56/100 Good Transit

  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Santa Monica, CA
  • Neighborhood Wilshire - Montana
  • Zip Code 90403
  • Market Los Angeles

Points of Interest

  • Upper Tram Station

    3.35 miles

  • Westwood/Rancho Park

    3.87 miles

  • Lower Tram Station

    3.95 miles

  • Palms

    5.02 miles

  • West CTA

    7.78 miles

  • Center CTA

    7.88 miles

  • Zone 23

    7.90 miles

  • Zone 22

    7.91 miles

  • Zone 21

    7.91 miles

  • Zone 5

    7.93 miles

  • Tesla Supercharger

    0.62 miles

  • Chevron

    0.67 miles

  • Mobil

    0.87 miles

  • 76

    0.88 miles

  • Sinclair

    1.12 miles

  • eVgo

    1.27 miles

  • Shell

    1.33 miles

  • World Oil

    1.33 miles

  • Tesla Destination Charger

    1.38 miles

  • FLO

    2.29 miles

  • SMC Performing Arts Center Parking

    0.72 miles

  • 17th Street/SMC Metro Parking

    0.92 miles

  • Parking Structure 1

    1.01 miles

  • Parking Structure 4

    1.16 miles

  • Parking Structure 5

    1.17 miles

  • Parking Structure 7

    1.22 miles

  • Parking Structure 6

    1.24 miles

  • Beach Parking

    1.29 miles

  • Annenberg Beach House Parking

    1.31 miles

  • Parking Structure 8

    1.33 miles

  • The Ambrose

    0.60 miles

  • Gateway Hotel Santa Monica

    0.73 miles

  • American Motel

    0.73 miles

  • Proper

    0.76 miles

  • Palihouse Santa Monica

    0.95 miles

  • Cal Mar Hotel Suites

    1.02 miles

  • Huntley Santa Monica Beach

    1.06 miles

  • Oceana

    1.10 miles

  • oceana

    1.11 miles

  • Fairmont Miramar - Hotel & Bungalows

    1.13 miles

  • Kye's

    0.13 miles

  • Margo's

    0.13 miles

  • Forma Restaurant & Cheese Bar

    0.14 miles

  • 17th Street Cafe

    0.15 miles

  • Pradeep's

    0.19 miles

  • Prima Baja Cantina

    0.19 miles

  • R+D Kitchen

    0.22 miles

  • The Courtyard Kitchen

    0.33 miles

  • UCLA Hospital Cafeteria

    0.42 miles

  • Sushi King

    0.42 miles

  • Lincoln Middle School

    0.19 miles

  • Emperors College of Traditional Oriental Medicine

    0.41 miles

  • Pacifica Christian High School

    0.44 miles

  • University of Santa Monica

    0.55 miles

  • Roosevelt Elementary School

    0.60 miles

  • Saint Monica Preparatory

    0.65 miles

  • Franklin Elementary School

    0.66 miles

  • Santa Monica College

    0.71 miles

  • McKinley Elementary School

    0.83 miles

  • Carter Christian Education Center

    0.86 miles

  • Blue Oak

    0.79 miles

  • Beach Moms Child Development Center

    0.79 miles

  • Lighthouse Preschool

    0.86 miles

  • Bright Horizons

    1.20 miles

  • Evergreen Community School

    1.31 miles

  • Kidz Korner

    1.35 miles

  • Sunny Days Preschool

    1.43 miles

  • Santa Monica Early Childhood Lab School

    1.49 miles

  • Brentwood Presbyterian Church Preschool

    1.74 miles

  • Kigala Preschool

    1.83 miles

Frequently Asked Questions

How much does 902 16th St cost?

The space currently listed for sale at 902 16th St asks for $3,600,000.

What is the total square footage of 902 16th St?

902 16th St totals 5,560 square feet.

When was this property built?

902 16th St was built in 1926.

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