2318 16th St Santa Monica, CA 90405
MULTI_FAMILY - Santa Monica, CA
- Added:
- May 27, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 2318 16th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SMR2*
- Bedrooms
- 33
- Bathrooms
- 30
- Rooms
- Bedroom 7, Bedroom 12, Bedroom 29, Bathroom 28, Bedroom 1, Bathroom 25, Bathroom 15, Bathroom 9, Bedroom 21, Bedroom 28, Bedroom 9, Bathroom 24, Bedroom 10, Bathroom 8, Bedroom 6, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 23, Bedroom 14, Bathroom 11, Bathroom 17, Bedroom 2, Bedroom 3, Bathroom 18, Bathroom 22, Bathroom 26, Bedroom 19, Bedroom 5, Bedroom 4, Bedroom 32, Bedroom 25, Bathroom 14, Bedroom 8, Bedroom 27, Bedroom 16, Bedroom 31, Bedroom 30, Bathroom 16, Bedroom 17, Bathroom 5, Bathroom 21, Bedroom 11, Bedroom 22, Bathroom 3, Bathroom 13, Bedroom 23, Bathroom 4, Bathroom 27, Bedroom 13, Bedroom 15, Bedroom 18, Bedroom 24, Bedroom 26, Bathroom 10, Bathroom 30, Bedroom 20, Bathroom 12, Bathroom 29, Bathroom 19, Bathroom 20, Bathroom 6, Bedroom 33
- Parking
- 28
- Parking features
- Gated, Assigned
- Standard status
- Pending
- APN
- 4284-038-031
- Size
- 17,671 SF
- Lot size
- 0.44 Acres
Utilities
- Cooling system
- Wall/Window Unit(s)
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 15
Listing agent Jonathan Taksa License #01366169 (310) 968-5303
Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA (213) 817-1000
Listing date May 27, 2026
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Built in 1977 by the seller’s family
- 15‑unit low‑density apartment property
- Unit mix: 12 two‑bedroom/two‑bath units and 3 three‑bedroom/two‑bath units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $561.9k | $31.80 |
| − Vacancy | −$45.0k | −$2.54 |
| EGI | $517.0k | $29.26 |
| − OpEx | −$232.6k | −$13.17 |
| NOI | $284.3k | $16.09 |
