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$ 5,900,000
Est. payment | /mo
5,268 SqFt
$ 5,900,000
Est. payment | /mo
5,268 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $1,119
MLS Listing ID CL25582911
HOA Y/N No
Year Built 1927
Lot Size 7,499 Sqft
Acres 0.17
Property Sub-Type Other
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-e
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Other
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Laundry Room, Washer, Other
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 4281002021
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Donald Heller • Christie's International Real Estate SoCal
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447