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Six-Unit Courtyard Apartment Building
For Sale
$2,800,000

833 16th St, Santa Monica, CA 90403

Residential Income, Santa Monica, CA

Property Size4,071 SF
Lot Size0.17 Acres
Price / SF$687.79
Days on Market70

Property Features for 833 16th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning SMR2*
Bedrooms 6
Bathrooms 6
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking 5
Parking features Garage - Attached
Directions North of Wilshire, East of Lincoln
Subdivision Santa Monica
Standard status Active
APN 4281-001-018
Size 4,071 SF
Lot size 0.17 Acres

Building Details

Year built 1941
Floors in Building 2
Number of units 6
Listing Agency: Wellman Realty Co.
Listed By: Wes Wellman · License #00467451
Added: Jul 9 Changed: Sep 12 Last Checked: Sep 16 at 6:06AM
MLS# 26858097

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.

This 6-unit apartment property occupies a 4,071-square-foot building constructed in 1941. The courtyard-style layout includes six 1-bedroom units, with four currently vacant: three on the ground level and one upstairs. Five units have original hardwood floors, while one features laminate flooring. Four ground-floor apartments offer both front and rear entrances, and the property includes five single-car attached garages.

The building is located at 833 16th St in Santa Monica, one-half block south of Montana Avenue and within the 90403 ZIP code. The site measures 0.1724 acres and is zoned SMR2*. Two additional units may become available in the near term, adding further occupancy flexibility. Occupants are not to be disturbed.

Key Highlights

  • Six 1‑bedroom apartment units in a courtyard‑style building
  • 4,071 square feet on a 0.1724‑acre site
  • Four units currently vacant, including three ground‑floor apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Pet Grooming Service Storage Facility Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,133
Businesses Nearby

Demographics for 90403, CA

25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 1940s courtyard property with attached garages and multiple vacant units for flexible occupancy.
Where is this apartment building located?
The property is located at 833 16th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Six 1‑bedroom apartment units in a courtyard‑style building; 4,071 square feet on a 0.1724‑acre site; Four units currently vacant, including three ground‑floor apartments
More about this property
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