463 16th Street, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath
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Santa Monica, California 90402
This North of Montana Single Family Residence is a High-Potential Investment Opportunity, listed at $4,425,000—positioned well below the $4,499,221 Fair Market Value by 1.65%. This valuation gap offers $74,221 in Instant Equity. Featuring a Condition Rating of 4, the home offers a rare opportunity to modernize a classic 1923 structure. With a spacious patio and proximity to Franklin Elementary (9/10), this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prestigious Santa Monica address.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 463 16th Street Subject | $4,425,000* List Price | 2 | 2 | 1,930 | $2,331 | - |
A 243 Euclid Street Sold | $4,600,000 | 3 | 2 | 1,843 | $2,496 | 0.3 mi |
B 704 17th Street Sold | $3,800,000 | 3 | 2 | 1,488 | $2,554 | 0.2 mi |
C 246 16th Street Sold | $4,650,000 | 4 | 3 | 2,388 | $1,947 | 0.3 mi |
D 250 20th Street Sold | $5,100,000 | 3 | 3 | 1,987 | $2,567 | 0.4 mi |
E 225 23rd Street Sold | $4,470,000 | 3 | 3 | 2,133 | $2,096 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923 and held by the same owner for 50 years, the home is well-maintained but dated. While the interior shows some updates like recessed lighting and an open kitchen layout, the age of the primary systems and the 'move-in as-is or update' description suggest it is past the 20-year mark for major renovations and requires modernization.
Elementary School: Franklin Elementary School (9/10).
Situated on one of Santa Monica's most prestigious and sought-after streets, this property offers exceptional long-term value and status in a world-class coastal neighborhood.
The home is located within the highly coveted Franklin Elementary and Lincoln Middle School districts, providing access to some of the highest-rated public education in California.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With only two bedrooms, the current configuration may be restrictive for growing families or buyers seeking dedicated guest and office spaces at this luxury price point.
Priced at over $2,200 per square foot for a 1923 structure, the property represents a significant investment that likely requires additional capital for modernizing century-old systems and finishes.
First time on the market in 50 years. Ideally situated on one of the most sought-after North of Montana streets, this beautifully-maintained traditional home presents a rare opportunity to move in as-is , or to thoughtfully update to suit your vision. The well-designed floor plan features an open-kitchen design overlooking a spacious informal eating area with views onto a gorgeous patio space with overhead trellis. The formal dining room is adjacent to the well-appointed living room with fireplace. The home also features two bedrooms , including a spacious primary suite with a walk-in closet, a separate sitting area and en suite full bathroom. The powder room is a 3/4 bath . Additionally, the garage is presently used as a large studio space and offers many potential uses . Professionally landscaped backyard including mature hedges for privacy. Coveted public schools, Franklin Elementary School District and Lincoln Middle School. Showings begin on/after Tues 7/21/26. Emails for showing requests (vs texts) preferred.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 2.0 | 3.5 |
| Square foot | 1,930 | 2,285.5 |
| Lot Size | 7,510 | 7,496 |
| Price | $4.42M | $3.70M |
| Price per sq ft | $2.3K | $1.7K |
| Built year | 1923 | 1936 |
| HOA | $0 | $0 |
| Days on market | 5 | 51 |
Jul 17, 2026
$4,425,000
Initial Listing