1747 16th St, Santa Monica, Los Angeles County, CA, 90404 Los Angeles CA US

Please, note: Current rents are below the MAR. The rents listed in the "Rent" column are the MARs and the actual rents are in the "actual rent" column. There will be a 2.8 % rent increase on September 1, 2023. If rents are raised to the MARs with the added MAR 2.8% increase at $2,150,000 it's a 17.29 GRM. Include the huge upside in rents...this is a grand opportunity. Don't miss it. This is a remarkable over density apartment building in the coveted neighborhood of Santa Monica. This property offers an exceptional living experience with six large 2-bed, 1-bath units and an oversized lot. It's nestled within a vibrant community, near Santa Monica College, Hospitals, Business Parks and regular parks. It is ideal for tenants. Conveniently located near bustling Main St. and the promenade offering an array of dining, shopping, and entertainment options, as well as just blocks to the beach and Santa Monica Pier. With its prime location, this property is a commuter's dream, boasting swift access to major freeways and the metro line for seamless travel. Find out more about this property. Request details here