
Santa Monica, California 90404
This Renovated Santa Monica Residence with ADU is a Strong Value Opportunity, listed at $2,499,000—positioned well below the $2,633,009 Fair Market Value by 5%. This valuation gap provides $134,009 in Instant Equity. Boasting a Turn-Key Condition Rating, the property features a high-end 3-bedroom main home and a versatile 2-bedroom ADU. With a 7,523 sqft lot and SB79 development potential, it offers significant long-term upside alongside a private patio for coastal living. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking premium Westside assets.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen features modern cabinetry and stainless steel appliances, and the bathrooms are updated with contemporary fixtures and glass enclosures. The interior includes recessed lighting and updated flooring, making it fully move-in ready with no immediate maintenance needs.
The property features a main 3-bedroom residence plus an attached 2-bedroom ADU, offering immediate rental income potential or flexible space for multi-generational living.
With a generous 7,523 sqft lot and favorable alignment with SB79 housing policies, the site offers significant long-term upside for future expansion or unit conversion.
The home has been beautifully renovated and is move-in ready, featuring bright interiors and a seamless indoor-outdoor flow in a highly sought-after Santa Monica neighborhood.
The property does not offer any scenic or ocean views, which is often a highly desired feature for buyers looking in the premium Santa Monica market.
Originally constructed in 1944, the property may possess older core systems or structural elements that could require more maintenance than a modern build.
A beautifully renovated property, just minutes from the beach and Downtown Santa Monica. Set on a quiet, tree-lined street, 1538 16th Street offers a rare combination of flexibility, comfort, and long-term potential. At the rear of the property, the main residence features 3 beds and 2 baths with bright, welcoming interiors and thoughtful updates. The layout moves easily between indoor and out, for a home that works just as well for everyday living as it does for having people over. At the front of the property, an attached 2 bed, 1 bath ADU adds exceptional versatility: ideal for guests, extended family, rental income, or a private work-from-home setup. The property also offers plenty of gated driveway parking along with a large two-car garage with generous storage or potential to convert into another income-producing unit. Beyond its immediate lifestyle appeal, the property may also offer long-term upside under Santa Monica's evolving housing policies, including potential future benefits from SB79, making it perfect for both homeowners and investors looking toward future development potential. A move-in-ready Santa Monica home that combines flexible living spaces, parking, and future opportunity in one of the city's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,114 | 1,778 | 88% |
| Lot Size | 7,523 | 6,336.5 | 88% |
| Price | $2.50M | $1.90M | 88% |
| Price per sq ft | $1.2K | $1.2K | 50% |
| Built year | 1944 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 175 | 13% |
Apr 18, 2026
$2,499,000
$2,750,000
-9% Price Drop
Initial Listing
Mar 12, 2026
$2,750,000
Initial Listing
Jan 11, 2023
$2,150,000
Public Record