$5,900,000
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921 16th Street Santa Monica, CA 90403
Cluster
Residence
9
Beds
6
Baths
...
Bed/Bath
5,268
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 West...side'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*
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MLS#
25582911
Property Type
Cluster
Bedrooms
9
Bathrooms
Year Built
1927
Square Feet
5,268
sq. ft
Lot Size
0.17
Sewer
Other
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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