Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

9,700 sqft

Lot size

7,511 sqft

Year built

1970

Stories

2

Garage spaces

4

Heating

None

Status

Active

Days on market

38

MLS #

246566087

About this property

Attention, Owner-Users and Investors: This amazing six-unit luxury building is located just south of Montana Avenue in a prime, highly sought neighborhood of Santa Monica. Enjoy strong income and upside potential! Three of six units, including the front owner's unit, will be delivered vacant upon close of escrow. Live in a fabulous home and rent out the others or add this to your investment portfolio and purchase an amazing property at a great value. The large front-facing owner's unit is like a single-family residence and spans three levels, with three bedrooms, 3.5 bathrooms, a huge extra bonus room, and a four-car garage. Five additional units have been renovated or are in excellent condition and include a mix of single-level and townhouses, each with a one-car garage. The large front unit includes a beautiful French country kitchen with top-of-the-line appliances, a formal dining room with sliding doors opening to a side patio for al-fresco dining, and a primary suite with excellent treetop views. Secondary bedrooms are spacious, and a lower level has a bonus flex space that can be used for guests, as a hobby room, artist's retreat, office, gym, and more. Attached to the bonus room is a private laundry room with side-by-side washer/dryer. Welcome!

Location

828 16th Street

Santa Monica, Los Angeles, CA, 90403