2318 16th St, Santa Monica, CA 90405
2318 16th St, Santa Monica, CA 90405
2318 16th St, Santa Monica, CA 90405
2318 16th St, Santa Monica, CA 90405
2318 16th St, Santa Monica, CA 90405
2318 16th St, Santa Monica, CA 90405
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Shantrece Thomas

Shantrece Thomas

+1(904) 760-6560
$ 4,950,000
Est. payment | /mo

33 Beds

30 Baths

17,671 SqFt

Save
$ 4,950,000
Est. payment | /mo
Save

33 Beds

30 Baths

17,671 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 17,671 sqft

Price per Sqft $280

MLS Listing ID 26839379

Bedrooms 33

Year Built 1977

Lot Size 0.436 Acres

Acres 0.4361

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Dishwasher, Microwave, Built-Ins, Range/Oven, Refrigerator

Exterior

Parking Features Assigned, Gated

Garage Spaces 28.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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2318 16th St