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$3,600,000
Est. payment /mo
5,560 SqFt
UPDATED:
01/29/2025 11:01 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,560 sqft
Price per Sqft $647
MLS Listing ID CL24473231
HOA Y/N No
Year Built 1926
Lot Size 7,503 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
Over 5.4% 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. 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.* - New roof installed in 2024 | 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. Currently 1 unit is owner occu
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Wall Furnace
Fireplace No
Laundry Community Facility, Laundry Room, Inside
Building
Water Public
New Construction No
Others
Tax ID 4281007001
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Listed by Susan Lau • Coldwell Banker Realty
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