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Home For Sale

Picture of Home For Sale in Santa Monica, California, United States

$2,350,000

1538 16th St
Santa Monica, California, United States

5bd 3ba

Listed By: Realtyww Info

Listed On: 06/20/2023

Listing ID: GL9963765 View More Details

Description

We are proud to present 1538 16th St, a value-add duplex opportunity located on Colorado Ave and 16th St in prime Santa Monica. The property consists of (1) 3-Bedroom 2-Bathroom unit, (1) 2-Bedroom 1-Bathroom unit, and a large backyard with a separate garage. The property, delivered vacant, is ready for an owner-user to enjoy some additional income or a savvy investor looking to complete the already started renovation and aim for market rents, which are among some of the highest in Los Angeles. Boasting 7, 521 sf of SMR2 land, the lot is prime for additional ADUs and or a new build to at least double the existing unit count. Please check with the city of Santa Monica to confirm buildable unit count. With its prime location in Santa Monica, next to the Expo line, the property is situated in the heart of the westside, and is within 5 minutes to downtown Santa Monica and to the Pacific Palisades. The property is situated right next to the Santa Monica Expo line, making transit to and from the property easy for owners or tenants. With 1538 16th St's renovation and great location, the property is set to benefit from Santa Monica's strong long term appreciation and high market rents.

For more details:

Listed by: Cb Richard Ellis, Inc.
Source: The World Property Journal

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