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… Read More 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 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. Read Less
Courtesy of Coldwell Banker Realty 310-820-6651
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,560
Lot Size
0.17 Acres
Year Built
1926
MLS Number
24-473231
30 Days Snapshot Of 90403
$1,302k
-36%
(avg) sold price
11
+37%
homes sold
67
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,560 sq ft, Built in 1926, Levels: Two, One
Disclosures
As Is, Property Report
Floors
Mixed
Garage
Garage - 4+ Car
Water Features
Water: District
Heating
Wall
Laundry
Inside, Room, Community
Lot
LotAcreage: 0.1723, LotSizeArea: 7,503, Corner Lot
Miscellaneous
None
Parking
TotalParking: 5
Pool
PoolYN: False, None
Property
NumberOfUnits: 7, Zoning: SMR2*
Spa
Has spa, None
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
