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$5,750,000

Beds
9
sq ft
5,268

921 16th St, Santa Monica, CA 90403

921 16th St

Santa Monica, CA 90403

  • 30 days on market
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. *Drive-by only. Showing of the interior of the units only with an accepted offer. Do not disturb tenants.*

Details

Property type

Est. home value

$6,343,195

Property condition

Updated/Remodeled

Lot size

7,499 sq ft

Price per sq ft

$1,092

Year built

1927

HOA

No

Price History

06/05/2024
CLAW

CLAW #24400485

Listed
$5,750,000
+49.35%
08/12/2015
CLAW

CLAW #15925345

Sold
$3,850,000

Schools & Community

Neighborhood: 

Wilshire/Montana

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2020

Original loan amount

$2,400,000

Est. remaining balance

Not provided

Interest rate

3.36%

Loan type

Commercial

Seller

Tabit Ventures Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 9:10 PM

Listing updated: 06/13/2024 at 5:13 AM

Listed by: Donald Heller, Christie's AKG Phone #: (310) 893-6223

MLS: CLAW #24400485

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