1753 16th Street, Santa Monica, California 90404, Santa Monica, 90404 - 4 bed, 2 bath
ACTIVE$999,990
1753 16th Street, Santa Monica, California 90404
4Beds
2Baths
1,648Sqft
3,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Santa Monica Location: Situated in the highly coveted Pico corridor of Santa Monica, offering a blend of urban convenience and quiet residential charm.
Top Cons:
Age of Structure & Renovation Needs: Built in 1924, the existing structure likely requires substantial renovation or complete redevelopment, representing a significant upfront investment.
Compared to the nearby listings
Price:$1000.0K vs avg $1.39M ($-389,005)50%
Size:1,648 sqft vs avg 3,138 sqft50%
Price/sqft:$607 vs avg $49550%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is 100 years old. The MLS description explicitly states the potential to 'redevelop/re-imagine the home into brand new duplex or renovate/optimize the existing structure,' and lists 'Age of Structure & Renovation Needs' as a weakness, indicating it 'requires substantial renovation or complete redevelopment.' The images confirm this, especially the bathroom, which is in an extreme state of disrepair with exposed walls, damaged fixtures, and appears unlivable. Other interior spaces show significant age, outdated finishes, and poor maintenance. The property's value is clearly based on its R-2 zoned land and redevelopment potential, not the existing structure's livability.
Year Built
1924
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$607
HOA
-
Days on market
-
Sold On
-
MLS number
OC25234557
Home ConditionTear down
Features
View-
About this home
Nestled in Santa Monica’s coveted Pico corridor, 1753 16th St blends urban convenience with quiet charm. This R-2 zoned 3,200 SF lot offers the potential to redevelop/re-imagine the home into brand new duplex or renovate/optimize the existing structure. Walk to the 17th Street Metro, local shops, and cafés. Only 1.5 miles from Santa Monica beach/pier, 3.3 miles from Abbot Kinney Blvd, and 0.5 miles from Santa Monica College.
Price History
Date
Event
Price
10/08/99
Sold
$76,245
09/09/99
Sold
$10,000
Condition Rating
Tear down
Built in 1924, this property is 100 years old. The MLS description explicitly states the potential to 'redevelop/re-imagine the home into brand new duplex or renovate/optimize the existing structure,' and lists 'Age of Structure & Renovation Needs' as a weakness, indicating it 'requires substantial renovation or complete redevelopment.' The images confirm this, especially the bathroom, which is in an extreme state of disrepair with exposed walls, damaged fixtures, and appears unlivable. Other interior spaces show significant age, outdated finishes, and poor maintenance. The property's value is clearly based on its R-2 zoned land and redevelopment potential, not the existing structure's livability.
Pros & Cons
Pros
Prime Santa Monica Location: Situated in the highly coveted Pico corridor of Santa Monica, offering a blend of urban convenience and quiet residential charm.
Redevelopment Potential (R-2 Zoning): The R-2 zoning on a 3,200 SF lot provides significant opportunity to redevelop into a brand new duplex or extensively renovate the existing structure, maximizing value.
Excellent Walkability & Transit Access: Exceptional walkability to the 17th Street Metro, local shops, and cafes, promoting a convenient car-free lifestyle.
Proximity to Key Amenities: Strategically located within 1.5 miles of Santa Monica beach/pier, 3.3 miles from Abbot Kinney Blvd, and 0.5 miles from Santa Monica College.
Income Property Classification: Classified as a Residential Income property with a Duplex sub-type, highlighting its potential for rental income generation or multi-unit occupancy.
Cons
Age of Structure & Renovation Needs: Built in 1924, the existing structure likely requires substantial renovation or complete redevelopment, representing a significant upfront investment.
Absence of Views: The property does not offer any notable views, which can be a drawback in a premium coastal market where views often command higher values.
Limited Lot Size: The 3,200 SF lot, while R-2 zoned, is relatively small, potentially limiting extensive redevelopment options or outdoor living space for a multi-unit property.