Residential Income In Santa Monica

Located on 16th Street just a half block south of Montana Avenue, this property sits in one of Santa Monica’s most coveted rental corridors. Montana Avenue is widely regarded as the city’s premier neighborhood retail street, offering a walkable mix of upscale boutiques, cafes, fitness studios, and everyday conveniences. The area attracts a stable, high-income tenant base drawn to its quiet residential character, proximity to the beach, and easy access to Wilshire Boulevard and the greater Westside. This is a rare small-scale community or ideal extended family compound investment opportunity, featuring six 1-bedroom units. Four units are currently vacant, with two additional units potentially available in the near term, offering significant flexibility for an owner-user or investor to reposition rents. The property is a classic 1940s courtyard-style building with strong curb appeal and a desirable layout. Five units retain original hardwood flooring, with one unit updated with laminate. Four of the ground-floor units feature both front and rear entrances, enhancing privacy and livability. The unit mix includes three ground-floor vacancies and one upper-level vacancy. Additional amenities include five single-car garages, a highly sought-after feature in this neighborhood. Please do not disturb occupants. Expenses & rents for vacant units are projected.