1538 16th Street

Santa Monica, CA 90404

$2,150,000
Price
5
Beds
3
Baths
2,114 Sq. Ft.
$1,017 / Sq. Ft.
2,114
Sq. Ft.
$1,017
per Sq. Ft.

Description

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...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!
  1. Listed by Gregory Eubanks • DRE #01949808 • Brokerage DRE #01521930 • Redfin Corporation • 3106637896

Property Details for 1538 16th Street

Parking Spaces Total
1
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2114
Assessor Parcel Number
4282-035-008
Property Attached YN
true

Location

Listing Courtesy of Redfin Corporation, Gregory Eubanks, DRE #01949808
Add your commute
LISTING UPDATED: 03/25/2024 12:02 PM

Property Details for 1538 16th Street

StatusActive
MLS #SB24054923
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.17 AC / 7,523 SF
CountyLos Angeles County

Location

Listing Courtesy of Redfin Corporation, Gregory Eubanks, DRE #01949808
Add your commute

Building Information for 1538 16th Street

Stories1Residences-Year Built1944Building Size-Lot Size0.17 AC / 7,523 SF

Payment Calculator

$13,694 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$1,961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1538 16th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Pest Control Expense: $1,200
  • Electric Expense: $0
  • Insurance Expense: $7,500
  • Trash Expense: $2,500
  • Water Sewer Expense: $2,500
  • Total Expenses: $14,900
Tax / Assessment Info
  • Tax Block: 184
  • Tax Tract Number: 0
  • Tax Census Tract: 7017.02
  • CFD/Mello-Roos Fee: $983
  • Tax Lot: H
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 0

Property History for 1538 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1538 16th Street

Taxable ValueLand$1,365,000Additions$585,000Total$1,950,000
Tax Record2023$23,536 ($1,961 / month)
Home Facts
Total Finished SqFt2,114 SqFtAbove Grade Finished SqFt2,114 SqFtLot Size7,521 SqFtStyleDuplexYear Built1944ZoningSMR2*CountyLOS ANGELESAPN4282-035-008

Schools near 1538 16th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1538 16th Street is a multi-family home for sale in Santa Monica, CA 90404. This property was listed for sale on March 22, 2024 by Redfin Corporation, it's currently listed at $2,150,000. It has been on the market for a total of 41 days and was last sold on October 31, 2022. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1538 16th Street is a 5-bed, 3-bath, 2,114 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin Corporation, Gregory Eubanks, DRE #01949808

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.