1538 16th Street Santa Monica, CA $ 2,150,000
1538 16th Street
$ 2,150,000
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1538 16th Street

Santa Monica, CA, 90404
$ 2,150,000
Bedrooms5 Baths3.0 Sq 2,114

Monthly Estimate*

$ 15,018

Listed by Redfin Corporation
1538 16th Street, Santa Monica, CA 90404 - Image 1
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Multi-Family Home for sale in Santa Monica, CA

for $2,150,000 with 5 bedrooms and 3 full baths. This 2,114 square foot home was built in 1944 on a lot size of 0.1727.

Welcome to this duplex opportunity with great upside located in highly coveted Santa Monica. Both units are vacant, this property presents a lucrative opportunity for investors seeking a rewarding project with substantial potential. The duplex comprises two distinct units: 2-bedroom, 1-bathroom front unit, and a spacious 3-bedroom, 2-bathroom rear unit. Perfectly suited for customization, both units offer the canvas for a personalized touch and renovation, making it an ideal investment for those with a vision for transformation. Situated on a generous 7,521 sq foot lot, the property features a sizable yard, providing ample space for potential expansion (verify with the city for a potential ADU build). Additionally, at the rear of the lot, a convenient 2-car garage awaits, offering flexibility for storage or potential division. The property benefits from a recently installed front fence and new garage doors, adding to its curb appeal and functionality. While renovation work is needed, the property boasts the advantage of conversion to a single-family residence. Conveniently located within close proximity to the metro E line. This prime location grants easy access to a myriad of attractions including 3rd St Promenade, Sunset/Ocean Park, Santa Monica Pier & Beach, highly rated Santa Monica Unified School District and the 10 Freeway!

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Multi-Family Active

Price

$ 2,150,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.1727

Year Built

1944

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB24054923

Days on Market

37

Features
General
Sewer PublicSewer
Zoning SMR2*
Garage Spaces 1.0
Pool Features None
Year Built 1944
Stories 1
Levels One
Property SubType Duplex
Gross Income 0.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 7500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Crossroads: Colorado Ave and 16th st
City Santa Monica
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 2
MLS Area C14 - Santa Monica
Lot Size Square Feet 7523.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 16th
Listing Terms Cash Submit
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 2500.0
Water Sewer Expense 2500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 3
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot H
Property Sub Type Additional Duplex
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Exterior
Lot Features Yard
Water Source Public
Total Parking 1.0
Lot Size Area 7523.0
Number of Buildings 1
Spa N
Building Area Total 2114.0
Lot Size Acres 0.1727
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1538
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* Excluded Features
List By
Redfin Corporation

Broker

(310) 663-7896

Phone

Affordability Calculator

$15,018
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,018
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/23/2024$2,150,000 Listed Price

Map


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1538 16th Street, Santa Monica, CA, 90404 is a Multi-Family Home for sale at $2,150,000 with 2,114 sqft and a lot size of 0.1727. 1538 16th Street has 5 bedrooms, 3.0 baths, and was built in 1944. The property's zip code is 90404 which is in Santa Monica, CA