921-925 16th St - Apartments FOR SALE


Santa Monica, CA 90403
$5,750,000 USD
310-466-7809
921-925 16th St, Santa Monica, CA for Sale
$5,750,000 USD
Apartments - FOR SALE
1/26
null | 4.9% Cap Rate

921-925 16th St
Santa Monica, CA 90403


HIGHLIGHTS

  • Recently remodeled throughout
  • Many units feature private patios
  • Opportunity to add one to two units, the income potential could see a substantial increase of up to $100,000 per year

OVERVIEW

Nestled amidst lush greenery, 921 16th St presents a rare opportunity to own a charming property comprising six units across three distinct buildings. Each unit offers a recently remodeled unique layout while maintaining consistent finishes throughout. Residents can revel in the tranquility of their surroundings, with many units featuring private patios, perfect for unwinding amidst nature's embrace. Practical amenities including a shared laundry area, bike storage, and ample parking options in the back alley, except for one-bedroom units which utilize street parking. Additional storage areas and a tankless water heater enhance convenience and functionality, elevating the living experience for residents. Moreover, this property holds untapped potential for value enhancement. With the opportunity to add one to two units, the income potential could see a substantial increase of up to $100,000 per year, presenting an enticing prospect for investors seeking to maximize returns. Embrace the allure of this verdant retreat, offering a harmonious blend of nature, convenience, and investment potential in a coveted locale.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$1,100 USD /SF

# OF UNITS

6

PRICE/UNIT

$958,333

CAP RATE

4.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,497 SF

ZONING

R2, Santa Monica

APN/PARCEL ID

4281-002-021

ASK ABOUT THIS PROPERTY

Donald HellerAKG | Christie's International Real EstateMore Info
310-466-7809

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Donald HellerAKG | Christie's International Real EstateMore Info
310-466-7809

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.