443 16th Street, Santa Monica, California 90402, Santa Monica, 90402 - 4 bed, 4 bath
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443 16th Street
Santa Monica, California 90402
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
4Baths
3,054Sq Ft
7,510Lot Size
Property Price
LIST PRICE$4,999,999
EST. MARKET VALUE
$4,827,022
3% AboveMARKET VALUE
SUMMARY
This 1927 Spanish Residence represents a High-Potential Investment Opportunity, listed at $4,999,999—positioned slightly above the $4,827,023 Fair Market Value. While requiring a full interior renovation due to its Condition Rating of 5, the property offers a rare 7,510-square-foot lot in a prestigious North of Montana location. Proximity to the 9/10-rated Franklin Elementary School and the vibrant Montana Avenue corridor provides long-term stability. This is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to reimagine a historic estate into a custom luxury home.
Estimated Market Value
$4,827,022
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 443 16th Street Subject | $4,999,999* List Price | 4 | 4 | 3,054 | $1,581 | - |
A 246 16th Street Sold | $4,650,000 | 4 | 3 | 2,388 | $1,947 | 0.2 mi |
B 201 23rd Street Sold | $4,175,000 | 4 | 3 | 3,247 | $1,286 | 0.7 mi |
C 417 11th Street Sold | $4,252,000 | 5 | 3 | 2,251 | $1,889 | 0.4 mi |
D 540 Lincoln Boulevard Sold | $3,960,000 | 4 | 2 | 1,978 | $2,002 | 0.7 mi |
E 1015 San Vicente Boulevard Sold | $3,850,000 | 3 | 3 | 2,332 | $1,651 | 0.6 mi |
F 702 16th Street Active | $4,195,000 List Price | 3 | 4 | 1,998 | $2,100 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1927 and offered for the first time in 50 years, the property is a 'time capsule' with bathrooms and cabinetry reflecting a 40-50 year old renovation style. While the home is well-maintained, the age of the finishes and likely outdated systems necessitate a full interior rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Prime North of Montana Location
Situated on a coveted tree-lined street within walking distance to Montana Avenue and top-rated Franklin Elementary, this property occupies one of Santa Monica's most prestigious and sought-after addresses.
- Authentic Spanish Architecture
The 1927 residence retains timeless character with original exposed wood beams, arched passageways, and classic indoor-outdoor flow through elegant French doors that open to a private, lush backyard.
CONSRISKS & DEFICIENCIES
- Likely Modernization Requirements
Given the 50-year tenure of the previous owners and the home's age, buyers should expect the need for substantial capital investment to update systems, appliances, and finishes to modern luxury standards.
- High Entry Price for Renovation
At a $5 million price point, the property represents a significant initial investment for a home that may require extensive remodeling or a complete rebuild to realize its maximum market value.
About 443 16th Street
OFFER DEADLINE MONDAY 8/24 AT 4PM. Timeless Spanish Charm on One of North of Montana's Most Coveted Streets Offered for the first time in over 50 years, this rare North of Montana Spanish residence presents an extraordinary opportunity to own a home that has been lovingly held by the same family for generations. Nestled on one of the neighborhood's most sought-after tree-lined streets, this approximately 3,054-square-foot residence blends timeless architectural character with warmth, charm, and endless potential. Rich in original details, the home showcases classic Spanish design elements including arched passageways, handcrafted touches, abundant natural light, and inviting living spaces. The stunning living room serves as the heart of the home, featuring beautiful exposed wood beams overhead and elegant double French doors that open seamlessly to the patio, creating an effortless indoor-outdoor flow while filling the space with natural light and garden views. Beautifully maintained and thoughtfully prepared for its next chapter, the home offers the perfect canvas to enjoy as-is, thoughtfully update over time, or reimagine into a spectacular custom estate.The private backyard is a true retreat, highlighted by mature fruit trees that have flourished for decades. A vibrant orange tree, currently filled with green fruit that will soon ripen, and a productive pomegranate tree provide both beauty and a connection to the property's rich history. Surrounded by lush landscaping and mature greenery, the outdoor space offers exceptional privacy and is ideal for entertaining, relaxing, or enjoying Southern California's year-round indoor-outdoor lifestyle.Located just moments from Montana Avenue's acclaimed boutiques, cafs, restaurants, award-winning schools, parks, and the beach, this is a once-in-a-generation opportunity to own a cherished home in one of Santa Monica's most prestigious neighborhoods. Homes with this history, character, and location rarely become available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 7,510 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Franklin Elementary School
Grades PK-5 • 0.7 mi
9/10
Roosevelt Elementary School
Grades K-5 • 0.7 mi
8/10
Brentwood Science School
Grades K-5 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 4.0 | 2.9 |
| Square foot | 3,054 | 1,967.643 |
| Lot Size | 7,510 | 6,981.625 |
| Price | $5.00M | $3.73M |
| Price per sq ft | $1.6K | $1.7K |
| Built year | 1927 | 1940 |
| HOA | $0 | $0 |
| Days on market | 23 | 58 |
Pricing History
Listed for Sale
Aug 17, 2026
$4,999,999
Initial Listing