921-925 16th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$5,595,000 USD
921-925 16th St, Santa Monica, CA for Sale
$5,595,000 USD
Apartments - FOR SALE
1/22
null | 4.6% Cap Rate

921-925 16th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Positioned Steps From Montana Avenue With Premier Walkability
  • Features Remodeled Units With Stylish Finishes And Modern Amenities
  • Offers Assumable Below-Market Financing At A Favorable 3.5 Percent Rate
  • Provides Clear Value-Add Potential Through Expansion Opportunities
  • Delivers Consistent Tenant Demand In A Highly Sought-After Santa Monica Location
  • Includes Practical Conveniences Such As Bike Storage And Ample Parking

OVERVIEW

Occupy one of the stunning three-bedroom townhome-style units and enjoy the best of Santa Monica living while your property generates income alongside you. Thoughtfully designed with modern finishes, spacious layouts, and private outdoor areas, these homes offer comfort and style just steps from Montana Avenue's premier dining, cafes, and retail, including local favorites like Bread Head, Lalaland Kind Cafe, Whole Foods, and Williams Sonoma. Beyond the lifestyle appeal, the property offers an assumable 3.5% loan that provides rare access to below-market financing, significantly enhancing cash flow and overall returns from day one. The total six remodeled units are well-positioned for strong tenant demand, supported by desirable amenities such as private patios in select units, ample parking, storage, bike storage, shared laundry, and tankless water heaters. Additional upside exists with the potential to add one to two units, unlocking up to $100,000 in projected annual income, creating a unique opportunity that combines immediate livability with long-term financial growth. Drive by only. Interior access provided with accepted offer. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$1,062 USD /SF

# OF UNITS

6

PRICE/UNIT

$932,500

CAP RATE

4.6%

% 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

7,405 SF

ZONING

R2, Santa Monica

APN/PARCEL ID

4281-002-021

ASK ABOUT THIS PROPERTY

Donald HellerAKG | Christie's International Real EstateMore Info

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Donald HellerAKG | Christie's International Real EstateMore Info

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