1049 16th Street 5, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath

1049 16th Street 5, Santa Monica, California 90403 home-pic-0
ACTIVE$1,589,000$1,516/sqft
1049 16th Street 5, Santa Monica, California 90403
3Beds
3Baths
1,516Sqft
13,495Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

Compared to the nearby listings

Price:$1.59M vs avg $1.35M (+$234,000)62%
Size:1,516 sqft vs avg 1,396.5 sqft60%
Price/sqft:$1.0K vs avg $98465%

More Insights

Built in 1978 (48 years old).
Condition: This property has undergone a comprehensive and high-quality renovation since 2020, bringing all major interior components to a virtually new condition. The kitchen features new cabinets, stainless steel appliances, modern countertops, and stylish fixtures. Bathrooms are remodeled with contemporary finishes, including a walk-in shower with subway tile and modern vanities. New flooring, energy-efficient lighting, an updated electrical breaker box, and a new water heater further support the 'excellent' rating, aligning with the criteria of being extensively renovated within 5 years with virtually new components.
Year Built
1978
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$1,048
HOA
$660
Days on market
-
Sold On
-
MLS number
26632681
Home ConditionExcellent
Features
View-

About this home

This 3-bedroom, 2.5-bath townhouse was the first home to a lovely family who spared no expense in making it a special place. Since purchasing it in 2020, they have completely updated the kitchen with new cabinets, stainless steel appliances, countertops (with island extension), sink, fixtures, hardware, and more. New floors and baseboards were installed throughout. Other updates include a new water heater, electrical breaker box, energy efficient lighting, fireplace resurfacing, custom built-out closets and doors, remodeled bathrooms, new fixtures, new stair railing, new laundry room (appliances and buildouts), fresh paint, and more.The floor plan is ideal for entertaining as you step into an inviting living room that flows into the dining and open kitchen areas. Off of the dining area is a conveniently located powder room and a stairwell leading to the basement and laundry room with direct access to the secure, subterranean garage. The parking spaces are side-by-side and there is an extra-large private storage closet in the garage. The home is completed with 3 bedrooms upstairs. Other notable features include central air and heat, quiet end-unit, a strong HOA with good reserves, and earthquake insurance. The North of Wilshire location is close to all the best shops and restaurants in Santa Monica with Franklin Elementary as its home school.

D
Diana Tsow
Listing Agent

Nearby schools

9/10
Franklin Elementary School
Public,PK-50.7mi
8/10
Roosevelt Elementary School
Public,K-50.7mi
8/10
Lincoln Middle School
Public,6-80.1mi
8/10
Santa Monica High School
Public,9-121.3mi

Price History

Date
Event
Price
07/24/20
Sold
$1,252,000
08/06/08
Sold
$808,000
08/18/05
Sold
$750,000
Condition Rating
Excellent

This property has undergone a comprehensive and high-quality renovation since 2020, bringing all major interior components to a virtually new condition. The kitchen features new cabinets, stainless steel appliances, modern countertops, and stylish fixtures. Bathrooms are remodeled with contemporary finishes, including a walk-in shower with subway tile and modern vanities. New flooring, energy-efficient lighting, an updated electrical breaker box, and a new water heater further support the 'excellent' rating, aligning with the criteria of being extensively renovated within 5 years with virtually new components.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Comprehensive Modern Renovation: The property has undergone extensive, high-quality updates since 2020, including kitchen, bathrooms, flooring, electrical, and more, offering a move-in ready, contemporary living experience.
Premium Santa Monica Location: Situated North of Wilshire, providing excellent access to Santa Monica's best shops, restaurants, and a highly desirable lifestyle.
Top-Rated School District: Zoned for highly-regarded schools such as Franklin Elementary (9/10) and Lincoln Middle School (8/10), making it very attractive to families.
Desirable Townhouse Amenities: Features like central air/heat, a quiet end-unit, and direct access to a secure subterranean garage with side-by-side parking and extra storage enhance comfort and convenience.
Financially Sound HOA & Earthquake Protection: A strong HOA with good reserves ensures well-maintained common areas, and included earthquake insurance provides critical peace of mind in the region.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Significant Monthly Association Fee: The $660 monthly association fee represents a substantial recurring cost that buyers must factor into their budget.
Limited Private Outdoor Space: As a townhouse, the property likely offers minimal private outdoor space, which could be a drawback for those seeking a private yard or larger outdoor living areas.
Original Construction Year: While extensively updated, the 1978 build year means the underlying structure and some original systems are older, which might raise long-term maintenance considerations for some buyers.
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