902 16th St | Santa Monica, CA 90403
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- LoopNet Team
902 16th St
Santa Monica, CA 90403
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime Santa Monica location, 1 block south of Montana Ave
- Meticulously maintained and managed by owner for 35 years
- Renovated and updated throughout the years including roof (new roof in 2024 - 2 buildings), plumbing and electrical
- 5.42% CAP | 13.61 GRM - Current with only 1 owner occupied unit projected at market rents post renovation
- 3 buildings on this lot with beautiful landscaping and 3 separate shared laundry areas for tenants
- Historically low vacancy building with fast turnovers
Property Facts
| No. Units | 7 | Building Size | 5,560 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | B | Parking Ratio | 0.9/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R2, Santa Monica - R2 1926 built: 902A, 902B, 904A, 904B on 16th St. 1946 built: 1520, 1520 1/2, and 1522 on Idaho Ave. | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 5,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | R2, Santa Monica - R2 1926 built: 902A, 902B, 904A, 904B on 16th St. 1946 built: 1520, 1520 1/2, and 1522 on Idaho Ave. |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Yard
Site Amenities
- Courtyard
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,555 | - |
| 2+1 | 4 | $3,625 | - |
Property Taxes
| Parcel Number | 4281-007-001 | Improvements Assessment | $159,461 |
| Land Assessment | $1,030,284 | Total Assessment | $1,189,745 |
Property Taxes
Parcel Number
4281-007-001
Land Assessment
$1,030,284
Improvements Assessment
$159,461
Total Assessment
$1,189,745
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