$4,950,000
2318 16th Street, Santa Monica CA 90405
Multi-Family (15 Units)
Property type
9 days
On market
$280
Price per sqft
N/A
Garage
1977
Year built
18,998 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Jonathan Taksa DRE #01366169 424-672-8220, Remax Commercial and Investment Realty
Listing updated: Jun 4, 2026 at 07:21am.
Last checked: Jun 4, 2026 at 08:00am
Source: CRMLS #26839379
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 3 | 3 | 2 | — | $2,480 | $7,441 | $10,787 | Unfurnished |
| 12 | 2 | 2 | — | $2,181 | $26,169 | $35,940 | Unfurnished |
# of Buildings: 1
# of Units Total: 15
Dishwasher: 15
Refrigerator: 15
Financial Snapshot
Gross Rent Multiplier
12.3x
List Price / Annual Gross Rent
Cap Rate
5.4%
NOI / List Price
Net Operating Income: $267,164
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Microwave, Refrigerator
Exterior
Stories Total: 2
Levels: One
Garage and Parking
Parking: Assigned, Gated
Parking Total: 28
Lot Information
Land Lease: No
Parcel #: 4284038031
Zoning: SMR2*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 2318 16th Street, Santa Monica, CA 90405. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,960,000
Total Interest
$5,050,762
Total Payment
$9,010,762
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,336
per month
Property History for 2318 16th Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90405.
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