Pending

2318 16th Street

Santa Monica, CA 90405
Mark as Favorite
Bed 33

Bed

Bath 0

Bath

SqFt17,671

Sqft

SqFt18,998

Sqft(Lot)

Offered as part of a rare six-property portfolio, 2318 16th Street, Santa Monica, CA 90405 presents an outstanding opportunity to acquire a larger-scale, low-density asset with highly desirable unit sizes in one of the Westside's most sought-after coastal neighborhoods. Built in 1977 by the Seller's family, the property reflects long-term pride of ownership and offers investors the ability to establish a meaningful rental footprint in prime Sunset Park. The property consists of 15 exceptionally large units, featuring a dynamic and extremely rare unit mix comprised of 12 two bedroom/two-bath units and 3 three-bedroom/two-bath units. This concentration of larger floor plans is highly sought after in today's rental market, catering to families, roommates, and tenants seeking more space for ho me offices and flexible living arrangements an increasingly important driver of demand. The units offer great floor plans flooded with natural light, along with generously sized kitchens and bathrooms, creating a true residential feel that differentiates the property from more typical apartment product. The overall scale and layout of the units position the asset well for long-term tenancy and strong rent growth. With significant rental upside, a new owner has the opportunity to reposition the asset to market rents while benefiting from the property's strong existing fundamentals and highly desirable unit configurations. From a location perspective, 2318 16th Street is ideally situated in Santa Monica's coveted Sunset Park neighborhood, known for its quiet residential streets, strong community feel, and proximity to the beach and lifestyle amenities. The property is just minutes from Main Street, a vibrant destination featuring top-tier dining, boutique retail, cafes, fitness studios, and nightlife, as well as Santa Monica Beach, offering immediate access to the ocean, bike paths, and outdoor lifestyle that defines coastal living. The surrounding area provides convenient access to neighboring Westside hubs including Venice, Mar Vista, and broader Santa Monica, along with proximity to highly regarded schools such as Santa Monica High School. The combination of coastal proximity, strong demographics, and walkable lifestyle amenities continues to drive consistent tenant demand and long-term rental stability. For investors seeking scale, larger unit sizes, strong rental upside, and a premier coastal Westside location, 2318 16th Street represents a compelling and increasingly rare acquisition opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,950,000

AD Id : 79350969

MLS Id : 26839379

Beds : 33

Lot Size : 18,998 Sqft

Living Area Size : 17,671

Year Built : 1977

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 33

    Bathroom Information

    Total Baths: 30 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Microwave,Refrigerator
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1977 Building Area Total: 17,671

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4361
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 18998

  • Listing Price Information

    Original List Price: 4,950,000 Listing Contract Date: 2026-05-27
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4284038031

  • Garage and Parking

    Garage Description: Assigned,Gated

    Homeowners Association

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: C14 - Santa Monica Directions: North of Ocean Park Blvd. Prime Sunset Park location. Zoning: SMR2* Source Property Type: Residential Income Area: C14 - Santa Monica
  • Building and Construction

    Property Age: 49 Year Built Source: Vendor Enhanced Total Square Feet Living: 17671 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2521 33rd Street, Santa Monica, CA, 90405 $2,495,000 2 1 1,571 1,571 SqFt
2341 32nd Street, Santa Monica, CA, 90405 $4,295,000 5 3 3,739 3,739 SqFt
2312 32nd Street, Santa Monica, CA, 90405 $2,150,000 3 2 1,361 1,361 SqFt
2302 32nd Street, Santa Monica, CA, 90405 $2,075,000 6 -- 3,492 3,492 SqFt
2711 Pico Boulevard, Santa Monica, CA, 90405 $5,990,000 18 -- 9,926 9,926 SqFt
2410 Ocean Park Boulevard, Santa Monica, CA, 90405 $2,050,000 10 -- 6,324 6,324 SqFt
2626 Cloverfield, Santa Monica, CA, 90405 $4,950,000 -- -- 5,968 5,968 SqFt
2030 Marine Street, Santa Monica, CA, 90405 $2,999,000 3 1 1,899 1,899 SqFt
2210 24th Street, Santa Monica, CA, 90405 $1,995,000 6 -- 3,671 3,671 SqFt
2517 20th Street, Santa Monica, CA, 90405 $2,280,000 7 -- 3,219 3,219 SqFt

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ByOwner last updated this listing 06/18/2026 @ 11:45

MLS: 26839379 LISTED BY: Jonathan Taksa, Remax Commercial and Investment Realty 213-817-1000 SOURCE: CRMLS

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