2318 16th Street, Santa Monica, CA 90405
Local realty services provided by:ERA Excel Realty
2318 16th Street,Santa Monica, CA 90405
$4,950,000
- 33 Beds
- 30 Baths
- 17,671 sq. ft.
- Multi-family
- Active
Listed by: jonathan taksa
Office: remax commercial and investment realty213-817-1000
MLS#:26839379
Source:CRMLS
Price summary
- Price:$4,950,000
- Price per sq. ft.:$280.12
About this home
Offered as part of a rare six-property portfolio, 2318 16th Street, Santa Monica, CA 90405 presents an outstanding opportunity to acquire a larger-scale, low-density asset with highly desirable unit sizes in one of the Westside's most sought-after coastal neighborhoods. Built in 1977 by the Seller's family, the property reflects long-term pride of ownership and offers investors the ability to establish a meaningful rental footprint in prime Sunset Park. The property consists of 15 exceptionally large units, featuring a dynamic and extremely rare unit mix comprised of 12 two bedroom/two-bath units and 3 three-bedroom/two-bath units. This concentration of larger floor plans is highly sought after in today's rental market, catering to families, roommates, and tenants seeking more space for home offices and flexible living arrangements an increasingly important driver of demand. The units offer great floor plans flooded with natural light, along with generously sized kitchens and bathrooms, creating a true residential feel that differentiates the property from more typical apartment product. The overall scale and layout of the units position the asset well for long-term tenancy and strong rent growth. With significant rental upside, a new owner has the opportunity to reposition the asset to market rents while benefiting from the property's strong existing fundamentals and highly desirable unit configurations. From a location perspective, 2318 16th Street is ideally situated in Santa Monica's coveted Sunset Park neighborhood, known for its quiet residential streets, strong community feel, and proximity to the beach and lifestyle amenities. The property is just minutes from Main Street, a vibrant destination featuring top-tier dining, boutique retail, cafes, fitness studios, and nightlife, as well as Santa Monica Beach, offering immediate access to the ocean, bike paths, and outdoor lifestyle that defines coastal living. The surrounding area provides convenient access to neighboring Westside hubs including Venice, Mar Vista, and broader Santa Monica, along with proximity to highly regarded schools such as Santa Monica High School. The combination of coastal proximity, strong demographics, and walkable lifestyle amenities continues to drive consistent tenant demand and long-term rental stability. For investors seeking scale, larger unit sizes, strong rental upside, and a premier coastal Westside location, 2318 16th Street represents a compelling and increasingly rare acquisition opportunity....
Contact an agent
Home facts
- Year built:1977
- Listing ID #:26839379
- Added:12 day(s) ago
- Updated:June 09, 2026 at 10:34 AM
Rooms and interior
- Bedrooms:33
- Total bathrooms:30
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:17,671 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1977
- Building area:17,671 sq. ft.
- Lot area:0.44 Acres
- Levels:1 Story
Finances and disclosures
- Price:$4,950,000
- Price per sq. ft.:$280.12
Features and amenities
- Appliances:Dishwasher
Parking
- Total parking spaces:28
- Parking description:Assigned, Gated
New listings near 2318 16th Street
- New
$950,000Active2 beds 2 baths906 sq. ft.940 7th Street #8, Santa Monica, CA 90403
MLS# 26845065Listed by: EQUITY UNION - Open Sat, 1 to 5pmNew
$949,000Active2 beds 2 baths1,014 sq. ft.1101 Lincoln Boulevard #1A, Santa Monica, CA 90403
MLS# 26844711Listed by: KELLER WILLIAMS HOLLYWOOD HILLS - New
$1,800,000Active2 beds 4 baths1,419 sq. ft.939 15th Street #9, Santa Monica, CA 90403
MLS# 26844867Listed by: PELEGRINO PROPERTIES - New
$1,705,000Active2 beds 2 baths1,250 sq. ft.1755 Ocean Avenue Avenue #203, Santa Monica, CA 90401
MLS# 26844743Listed by: ENGEL & VLKERS SANTA MONICA - New
$69,000,000Active6 beds 6 baths12,240 sq. ft.859 Woodacres Road, Santa Monica, CA 90402
MLS# 26844605Listed by: THE BEVERLY HILLS ESTATES - New
$3,200,000Active3 beds 3 baths1,806 sq. ft.645 Navy Street, Santa Monica, CA 90405
MLS# 26844613Listed by: KELLER WILLIAMS LUXURY - New
$1,799,000Active2 beds 2 baths1,370 sq. ft.1705 Ocean Avenue #209, Santa Monica, CA 90401
MLS# 26844181Listed by: COMPASS - Open Sun, 2 to 5pmNew
$975,000Active2 beds 2 baths892 sq. ft.2313 5th Street #2, Santa Monica, CA 90405
MLS# 26844513Listed by: KELLER WILLIAMS BEVERLY HILLS - Open Sun, 2 to 5pmNew
$1,279,000Active2 beds 2 baths1,505 sq. ft.1247 10th Street #4, Santa Monica, CA 90401
MLS# 26843263Listed by: COMPASS - New
$1,390,000Active3 beds 2 baths1,483 sq. ft.1041 2nd Street #5, Santa Monica, CA 90403
MLS# 26844185Listed by: OMEGA REALTY COMPANY