1538 16th Street, Santa Monica

$2,150,000

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5 Beds
3 Baths
.17 Acre
1 Garage

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!

Essential Information

MLS® #
SB24054923
Price
$2,150,000
Bedrooms
5
Bathrooms
3.00
Acres
0.17
Year Built
1944
Type
Residential Income
Sub-Type
Duplex
Status
Active

Community Information

Address
1538 16th Street
Area
C14 - Santa Monica
City
Santa Monica
County
Los Angeles
Zip Code
90404
Community Features
Street Lights, Sidewalks
Senior Community
N

Amenities

Parking Spaces
1
# of Garages
1
Pool
None

Interior

# of Stories
1
Stories
One

Exterior

Lot Description
Yard

Additional Information

Date Listed
March 22nd, 2024
Days on Market
51
Zoning
SMR2*

Listing Details

Agent
Gregory Eubanks
Office
Redfin Corporation

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Jay Dharmasuriya Realty Brokerage Group Inc
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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Gregory Eubanks - Redfin Corporation

Based on information from California Regional Multiple Listing Service, Inc. as of May 13th, 2024 at 8:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.