• 1538 16th Street Santa Monica, CA 90404

  • $2,150,000
  • 5
    Bed(s)
  • 3
    Baths
  • 2,114
    Sq Ft
  • 7523
    Sqft
  • Listed By: Gregory Eubanks, Redfin Corporation, DRE #01949808
  • Source: CRMLS

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!

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1064725596 1 2 1 0
2 1064725596 2 3 2 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Building Information

Year Built: 1944

Building Area Total: 2,114

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1727

Lot Size Source: Assessor

Lot Size Square Feet: 7523

Listing Price Information

Original List Price: 2,150,000

Listing Contract Date: 2024-03-22

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4282035008

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C14 - Santa Monica

Postal Code Plus 4: 3309

Directions: Crossroads: Colorado Ave and 16th st

Zoning: SMR2*

Source Property Type: Residential Income

Area: C14 - Santa Monica

Property SubType: Duplex

Building and Construction

Property Age: 80

Common Walls: 1 Common Wall

Structure Type: Duplex

Year Built Source: Public Records

Entry Level: 1

Entry Location: 1

Property Attached: Yes

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1925 19th Street, Santa Monica, CA,90404 $1,895,000 5 2 2,178 8006 Sqft
1815 10th Street, Santa Monica, CA,90404 $3,095,000 11 -- 5,355 9076 Sqft
1336 Franklin Street, Santa Monica, CA,90404 $2,960,000 10 -- 5,132 7890 Sqft
1912 Broadway #108, Santa Monica, CA,90404 $575,000 1 1 722 15011 Sqft
1823 20th Street #103, Santa Monica, CA,90404 $1,199,000 2 2 1,359 6081 Sqft
1534 17th Street #205, Santa Monica, CA,90404 $1,695,000 1 2 1,321 15004 Sqft
1427 S 17th Street, Santa Monica, CA,90404 $4,150,000 8 -- 3,950 7495 Sqft
1411 Cloverfield Boulev.., Santa Monica, CA,90404 $3,450,000 5 -- 4,011 4098 Sqft
2311 Schader Drive #106, Santa Monica, CA,90404 $1,250,000 2 2 1,650 --
1949 17th Street, Santa Monica, CA,90404 $3,200,000 -- -- -- 7749 Sqft

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ByOwner last updated this listing 04/29/2024 @ 00:11

MLS: SB24054923
LISTED BY: Gregory Eubanks, Redfin Corporation
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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