Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    817 16th St Santa Monica, CA 90403

    View on Map
    New
    For Sale
    $3,750,000

    LAND - Santa Monica, CA

    Lot size:
    0.17 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 3 at 8:06 pm

    Property Features for 817 16th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SMR2*
    Standard status
    Active
    APN
    4281-001-021
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Diana Braun
    Diana Braun

    Listing agent Diana Braun License #01362342

    Listing office Compass 2113-2115 Main St., Los Angeles, CA

    Listing date Apr 2, 2026

    MLS# 26672373

    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.

    Overview

    Entitled Land Near Montana Avenue

    Located just off Montana Avenue in a desirable Santa Monica residential corridor, 817 16th Street offers the opportunity to acquire a fully entitled boutique, architectural townhouse-style condominium project. The project includes six market-rate residences plus two affordable units, over subterranean parking for ten vehicles, and a formally approved subdivision tract map. Designed by Breakform Design, the plans reflect a contemporary architectural vision. With Planning Commission approvals secured and the property removed from the rental market via the Ellis Act, a developer can proceed directly into construction documents and plan check. The property has a lot size of 0.1718 acres. The zoning is SMR2*. A substantial portion of the entitlement timeline has been completed, creating a streamlined path to market and a compelling opportunity to capitalize on end-user demand in a premier Montana-adjacent location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.492577
    Latitude
    34.033477

    Nearby Similar for Sale

    • $2,350,000
      2,810 SF

      Venice Adjacent Multi-Use Building

      Two-story, 3,295 SF building near Rose Avenue and Abbot Kinney.
      2951 Lincoln Blvd, Santa Monica, CA 90405
      View Details
    • $2,145,000
      1,599 SF

      Charming Craftsman Duplex with Studio

      Duplex plus studio in desirable Ocean Park neighborhood, near beach.
      607 Ashland Ave, Santa Monica, CA 90405
      View Details
    • $4,395,000
      6,746 SF

      Santa Monica Multifamily Investment Opportunity

      Spanish-style multifamily property near Montana Ave, beach, and Downtown Santa Monica.
      827 12th St, Santa Monica, CA 90403
      View Details
    • $2,598,000
      3,038 SF

      Santa Monica Multifamily Opportunity

      Single-family home with three additional one-bedroom units in Santa Monica.
      1226 Chelsea Ave, Santa Monica, CA 90404
      View Details
    • $2,100,000
      2,369 SF

      Santa Monica Multifamily Investment Opportunity

      Multifamily property in Ocean Park neighborhood with four units.
      238 Bicknell, Santa Monica, CA 90405
      View Details
    • $3,999,999
      4,687 SF

      Santa Monica Vacant Four-Unit Property

      Remodeled four-unit property in Santa Monica, offering income potential.
      643 Pacific St, Santa Monica, CA 90405
      View Details
    • $1,965,000
      2,544 SF

      Santa Monica Quadruplex Investment Opportunity

      Four units, updated interiors, expansion potential in prime Santa Monica.
      2117 Stewart Street, Santa Monica, CA 90404
      View Details
    • $2,980,000
      7,763 SF

      Santa Monica Multifamily Investment Opportunity

      Six-unit multifamily property in Santa Monica near the beach.
      1813 9th Street, Santa Monica, CA 90404
      View Details
    • $4,650,000
      9,962 SF

      Santa Monica Multifamily Investment Opportunity

      Multifamily property in desirable Santa Monica residential neighborhood.
      1041 9th Street, Santa Monica, CA 90403
      View Details
    • $16,495,000
      40,412 SF

      Santa Monica Multifamily Investment Opportunity

      Rare multifamily asset near Montana Avenue and the beach.
      537 San Vicente Blvd, Santa Monica, CA 90402
      View Details
    • $6,750,000
      4,368 SF

      Ocean View Santa Monica Multifamily

      Fully vacant, renovated 12-unit apartment building with ocean views.
      1661 Appian Way, Santa Monica, CA 90401
      View Details
    • $2,150,000
      2,076 SF

      Ocean Park Spanish-Style Triplex

      Charming triplex with remodeled units and income potential.
      2922 Highland Ave, Santa Monica, CA 90405
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity for townhouse-style condominium project in Santa Monica.
    Where is this residential land & home lot located?
    The property is located at 817 16th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Fully entitled boutique townhouse‑style condominium project in a high‑demand Santa Monica location.; Six market‑rate residences plus two affordable units.; Subterranean parking for ten vehicles.
    (310) 866-5039
    We can help!
    Listing Contact
    Diana Braun
    Diana Braun
    Real Estate License ID: 01362342
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!