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 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.
Property Details
Property Features
Property Information:
Architectural Style: See Remarks
Year Built: 1926
Stories: 2
Living Area: 5,560 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 820-6651
Listing Agent: Susan Lau
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located on the corner of 16th Street and Idaho Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $3,600,000
Price Per SqFt: $647/SqFt
Tax Information:
Annual Amount: $14,478
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $1.7M more than the Median Sold Price and $459/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24473231
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 820-6651
Listing Agent: Susan Lau
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/19/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 17, 1990
Jan 17, 1990Home Sold
$640,000
Feb 05, 1988
Feb 05, 1988Home Sold
$360,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,478
$1,101,494
2020
$14,235
$1,087,875
2019
$13,335
$1,066,545
2018
$13,227
$1,045,634
2017
$13,227
$1,025,132
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.58 miles
Public District Grades KG-5
9
/10
Franklin Elementary School
2400 Montana Ave
Distance between this listing and this school0.64 miles
Public District Grades PK-5
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school0.86 miles
Public District Grades KG-5
Nearby Schools
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school0.22 miles
Public District Grades 6-8
7
/10
Paul Revere Charter School
1450 Allenford Ave
Distance between this listing and this school1.68 miles
Public Charter Grades 6-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.82 miles
Public District Grades 6-8
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.47 miles
Public District Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school1.96 miles
Public District Grades 9-12
6
/10
University High School Charter
11800 Texas Ave
Distance between this listing and this school2.00 miles
The neighbors living near this home have an average income of $88,489. The majority of Santa Monica, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 902 16th St
What is the listing price of this property?
The listing price of 902 16th St property is $3,600,000.
What type of property is this?
The property 902 16th St is a house located in Santa Monica, California, 90403.
Is this property for sale now?
Active Listing: 902 16th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,478 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 17, 1990 for $640,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 902 16th St has 7 bedrooms and 7 bathrooms.
What is the square footage of this property?
The property 902 16th St is 5,560 SqFt (source: MLS/tax record).
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This home is located at 902 16th St in Santa Monica, CA and zip code 90403 in the Wilshire / Montana neighborhood. This 5,560 square foot home, which was built in 1926, sits on a 0.17 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $3,600,000.
In November 2024 more than 12 listings in Santa Monica, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 24 were sold below. The number of homes for sale in Santa Monica, CA decreased by 4.4% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,898,147, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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