921 16th Street Santa Monica, CA $ 5,595,000
921 16th Street
$ 5,595,000
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921 16th Street

Santa Monica, CA, 90403
$ 5,595,000
Baths0.0 Sq 5,268

Monthly Estimate*

$ 34,449

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Studio

Multi-Family Home for sale in Santa Monica, CA

for $5,595,000. This 5,268 square foot home was built in 1927 on a lot size of 0.17.

Occupy one of the stunning three-bedroom townhome-style units and enjoy the best of Santa Monica living while your property generates income alongside you. Thoughtfully designed with modern finishes, spacious layouts, and private outdoor areas, these homes offer comfort and style just steps from Montana Avenue's premier dining, cafs, and retail including local favorites like Bread Head, Lalaland Kind Cafe, Whole Foods, and Williams Sonoma. Beyond the lifestyle appeal, the property offers an assumable 3.5% loan that provides rare access to below-market financing, significantly enhancing cash flow and overall returns from day one. The total six remodeled units are well-positioned for strong tenant demand, supported by desirable amenities such as private patios in select units, ample parking, storage, bike storage, shared laundry, and tankless water heaters. Additional upside exists with the potential to add one to two units, unlocking up to $100,000 in projected annual income creating a unique opportunity that combines immediate livability with long-term financial growth. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants.

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Multi-Family Active

Price

$ 5,595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

1927

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0026666473

Features
General
Living Area 5268.0
Heating Central
Cooling Central Air
Roof Shingle Composition
Zoning SMR2*
Security Features Smoke Detector(s) Carbon Monoxide Detector(s) Gated Community
Construction Materials Stucco
Year Built 1927
Levels Multi/Split Two One
Accessibility Other
County Los Angeles
Net Operating Income 257627.0
New Construction No
Property Type C
HOA No
Facing Direction West
Status Active
City Santa Monica
Senior Community Y/N No
MLS Area C14 - Santa Monica
Lot Size Units Square Feet
Lot Size Square Feet 7499.0
Property Attached Y/N Yes
Property Condition Updated/Remodeled
Standard Status Active
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Interior
Flooring Tile Wood
Kitchen Appliances Disposal Range Dishwasher Refrigerator
Fireplace Features Outside Living Room
Total Stories 0
Common Walls 1 Common Wall
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Laundry Features Washer Included Dryer Included Individual Room Community
Total Baths 0
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Exterior
Water Source None
Lot Size Area 7499.0
Foundation Details Raised
Pool Y/N? Yes
Building Area Total 5268.0
Lot Size Acres 0.17
Land Lease Type Fee
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* Excluded Features
List By
Donald Heller

Listing Agent

Christie's International Real Estate Socal

Broker

Affordability Calculator

$34,449
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,449
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$5,595,000 Listed Price

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921 16th Street, Santa Monica, CA, 90403 is a Multi-Family Home for sale at $5,595,000 with 5,268 sqft and a lot size of 0.17. 921 16th Street is a studio with 0.0 baths and was built in 1927. The property's zip code is 90403 which is in Santa Monica, CA