921 16th Street, Santa Monica, CA 90403
Local realty services provided by:ERA Excel Realty
921 16th Street,Santa Monica, CA 90403
$5,900,000
- 9 Beds
- 6 Baths
- 5,268 sq. ft.
- Multi-family
- Active
Listed by:donald heller
Office:christie's international real estate socal
MLS#:25582911
Source:CRMLS
Price summary
- Price:$5,900,000
- Price per sq. ft.:$1,119.97
About this home
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-efficient asset in one of Santa Monica's most coveted rental corridors blending immediate returns with long-term growth in a blue-chip location. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie's RE SoCal, DRE 01527644*
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Home facts
- Year built:1927
- Listing ID #:25582911
- Added:20 day(s) ago
- Updated:September 16, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Living area:5,268 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Composition, Shingle
- Year built:1927
- Building area:5,268 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$5,900,000
- Price per sq. ft.:$1,119.97
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