1833 16TH ST Santa Monica, CA 90404

We are pleased to present The 16th Street Residences. The subject property is a Value Add investment opportunity located within close proximity to many of Santa Monica's great shops & restaurants, corporate campuses, Santa Monica College, Bergamont Station, as well as other public transportation, providing residents automobile-free access to all of Greater Los Angeles. The 16th Street Residences sits on a quiet, tree lined street, and offers a unit mix of six (6) two bedroom one bathroom residences and two (2) one bedroom one bathroom residences. The subject property is individually metered for gas and electricity, has individual water heaters and does not require any seismic retrofitting. Currently, there are (2) vacant two bedroom units and (1) vacant one bedroom unit.The 16th Street Residences has the potential to provide well-appointed housing in a warm, secure setting, and a walk anywhere easily location with some much needed TLC. This is a unique opportunity to purchase a Value Add Santa Monica asset, with tremendous rental upside. Santa Monica is known for its superior climate, great night life, cultural diversity, walk-ability and beaches.