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

833 16th St Unit C, Santa Monica, CA 90403

1940s courtyard property with private garage parking and a mix of ground-floor and upper-level residences.

Property Size4,071 SF
Days on Market26

Property Features for 833 16th St Unit C

General Information

Standard status Active
Size 4,071 SF
Total Parking Spaces 5
Property subtype MULTI_FAMILY

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Additional Details

Road Access Yes

Building Details

Building Size 4,071 SF
Year Built 1941
Buildings 1
Construction courtyard-style
Listing Agency: Wellman Realty Co.
Listed By: Wes Wellman · License #00467451
Source: Rochellemaize
Added: Jul 9 Changed: Aug 3 Last Checked: Aug 3 at 7:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wellman Realty Co.

Investment Insights

Based on property information with market context.

Built in 1941, this courtyard-style apartment property contains six one-bedroom units in a classic low-rise configuration. Four residences are vacant, including three on the ground floor and one upstairs, while two additional units may become available in the near term. Five apartments feature original hardwood floors; the remaining unit has laminate flooring. Four ground-floor residences offer both front and rear access, adding flexibility to the layout. The property also includes five single-car garages.

The building is located at 833 16th St in Santa Monica, approximately half a block south of Montana Avenue. Nearby Montana Avenue provides a walkable mix of boutiques, cafés, fitness studios, and daily conveniences. The property is also near the beach and offers access to Wilshire Boulevard and the broader Westside. Occupants should not be disturbed.

Key Highlights

  • Six 1‑bedroom apartment units
  • Four units currently vacant, including three ground‑floor residences and one upper‑level residence
  • Five single‑car garages included

Property Analytics

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - 1940s courtyard property with private garage parking and a mix of ground-floor and upper-level residences.
Where is this apartment building located?
The property is located at 833 16th St Unit C 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; Four units currently vacant, including three ground‑floor residences and one upper‑level residence; Five single‑car garages included
More about this property
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