921 16th St Santa Monica CA
Live-In Investment Opportunity in Prime Santa Monica with Assumable 3.5% Loan
Marketing description
Occupy one of the stunning three-bedroom townhome-style units and enjoy the best of Santa Monica living while your property generates income alongside you. Thoughtfully designed with modern finishes, spacious layouts, and private outdoor areas, these homes offer comfort and style just steps from Montana Avenue's premier dining, cafes, and retail, including local favorites like Bread Head, Lalaland Kind Cafe, Whole Foods, and Williams Sonoma. Beyond the lifestyle appeal, the property offers an assumable 3.5% loan that provides rare access to below-market financing, significantly enhancing cash flow and overall returns from day one. The total six remodeled units are well-positioned for strong tenant demand, supported by desirable amenities such as private patios in select units, ample parking, storage, bike storage, shared laundry, and tankless water heaters. Additional upside exists with the potential to add one to two units, unlocking up to $100,000 in projected annual income, creating a unique opportunity that combines immediate livability with long-term financial growth. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants.
Investment highlights
Assumable 3.5% Loan – Below-market financing enhances cash flow and ROI from day one.
Prime Location – Less than one block from Montana Avenue’s premier restaurants, cafés, retailers, and a short stroll to the beach.
Bread Head, Lalaland Kind Cafe, Whole Foods, Williams Sonoma, and more
Six Recently Remodeled Units – Across three well-maintained buildings, with consistent finishes and unique layouts.
Tenant-Friendly Amenities – Private patios (in select units), shared laundry, bike storage, ample alley parking + street parking, storage, and tankless water heaters.
A+ Walkability Score – Enduring tenant demand and premium rental rates in one of Santa Monica’s most desirable rental corridors.
Value-Add Opportunity – Entitlements allow addition of 1–2 units, with projected rental upside of up to $100,000 annually.
Strong current income with significant long-term growth potential in a blue-chip location.
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