921 16th Street, Santa Monica, CA 90403 (MLS # 26666473)
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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 moments 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.
| DAYS ON MARKET | 74 | LAST UPDATED | 3/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1927 | COMMUNITY | C14 - Santa Monica |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer |
| AREA | C14 - Santa Monica |
| CONSTRUCTION | Stucco |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 7499 |
| SEWER | Other |
| STORIES | One, Two, Multi/Split |
| VIEW DESCRIPTION | None |
TOTAL MONTHLY PAYMENT
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