2318 16th Street, Santa Monica, CA 90405
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
2318 16th Street,Santa Monica, CA 90405
$4,950,000
- 33 Beds
- 30 Baths
- 17,671 sq. ft.
- Multi-family
- Pending
Listed by: jonathan taksa
Office: remax commercial and investment realty213-817-1000
MLS#:26839379
Source:CRMLS
Price summary
- Price:$4,950,000
- Price per sq. ft.:$280.12
About this home
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 home 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....
Contact an agent
Home facts
- Year built:1977
- Listing ID #:26839379
- Added:45 day(s) ago
- Updated:July 12, 2026 at 10:09 AM
Rooms and interior
- Bedrooms:33
- Total bathrooms:30
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:17,671 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1977
- Building area:17,671 sq. ft.
- Lot area:0.44 Acres
- Levels:1 Story
Finances and disclosures
- Price:$4,950,000
- Price per sq. ft.:$280.12
Features and amenities
- Appliances:Dishwasher
Parking
- Total parking spaces:28
- Parking description:Assigned, Gated
New listings near 2318 16th Street
- New
$988,000Active2 beds 2 baths901 sq. ft.423 Pier Avenue #4, Santa Monica, CA 90405
MLS# CL26858225Listed by: PARDEE PROPERTIES - New
$3,495,000Active12 beds -- baths1,638 sq. ft.1437 17th Street, Santa Monica, CA 90404
MLS# CL26858473Listed by: COLDWELL BANKER REALTY - New
$1,650,000Active1 beds 2 baths1,190 sq. ft.101 California Avenue #802, Santa Monica, CA 90403
MLS# 26856567Listed by: DOUGLAS ELLIMAN OF CALIFORNIA, INC. - New
$1,760,000Active2 beds 2 baths1,400 sq. ft.1755 Ocean Avenue #412, Santa Monica, CA 90401
MLS# 26858321Listed by: CAROLWOOD ESTATES - New
$2,800,000Active6 beds 6 baths4,071 sq. ft.833 16th Street #C, Santa Monica, CA 90403
MLS# 26858097Listed by: WELLMAN REALTY CO. - New
$2,800,000Active6 beds 6 baths4,071 sq. ft.833 16th Street #C, Santa Monica, CA 90403
MLS# 26858097Listed by: WELLMAN REALTY CO. - Open Tue, 12 to 2pmNew
$2,395,000Active3 beds 2 baths1,537 sq. ft.1419 Pacific Street, Santa Monica, CA 90405
MLS# 26856115Listed by: COMPASS - New
$2,295,000Active6 beds -- baths2,700 sq. ft.1817 17th Street, Santa Monica, CA 90404
MLS# CL26853475Listed by: NELSON SHELTON & ASSOCIATES - New
$2,595,000Active3 beds 3 baths1,920 sq. ft.612 Lincoln Boulevard #3, Santa Monica, CA 90402
MLS# CL26857183Listed by: COMPASS - Coming Soon
$2,500,000Coming Soon3 beds 3 baths101 California #1104, Santa Monica, CA 90403
MLS# DW26150042Listed by: BHHS CA PROPERTIES