Courtyard Apartment Building with Six 1-Bed
For Sale
$2,800,000
833 16th St, Santa Monica, CA 90403
MULTI_FAMILY - Santa Monica, CA
Property Size4,071 SF
Lot Size0.17 Acres
Price / SF$687.79
Days on Market25
Property Features for 833 16th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SMR2*
Bedrooms
6
Bathrooms
6
Full bathrooms
3
Rooms
Bathroom 4, Bathroom 3, Bedroom 5, Bathroom 6, Bedroom 2, Bedroom 4, Bathroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
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.
(310) 829-7423
Listed By:
Wes Wellman · License #00467451
(310) 829-7423
Added: Jul 9
Changed: Aug 1
Last Checked: Aug 2 at 12:06AM
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 classic 1940s courtyard-style apartment building was built in 1941 and offers six 1-bedroom units. The layout includes front-and-rear privacy for four of the ground-floor units, while the unit mix includes three ground-floor vacancies and one upper-level vacancy. Five units retain original hardwood flooring, and one unit has been updated with laminate. For parking, the property includes five single-car attached garages.
The building is located on 16th Street, just a half block south of Montana Avenue in Santa Monica, CA, within SMR2* zoning.
With four units currently vacant and two additional units potentially available in the near term, the property provides flexibility for either an owner-user or an investor seeking to reposition rents.
The building is located on 16th Street, just a half block south of Montana Avenue in Santa Monica, CA, within SMR2* zoning.
With four units currently vacant and two additional units potentially available in the near term, the property provides flexibility for either an owner-user or an investor seeking to reposition rents.
Key Highlights
- Six 1‑bedroom units in a courtyard‑style building built in 1941
- Four units currently vacant; two additional units potentially available in the near term
- Five units with original hardwood flooring; one unit updated with laminate
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,697
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Classic 1941 courtyard building in SMR2* zoning with six one-bedroom units and attached single-car garages.
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 units in a courtyard‑style building built in 1941; Four units currently vacant; two additional units potentially available in the near term; Five units with original hardwood flooring; one unit updated with laminate
