1 of 7

2 of 7

3 of 7

4 of 7

5 of 7

6 of 7

7 of 7

•  Media
• Map
• Street View

2318 16th St
Santa Monica, CA 90405 Sunset Park

$4,950,000 USD

Apartments For Sale  •  20,758 SF

Property Details

• Property Type Apartments
• Total Building Size 18,992 SF
• Lot Size 0.44 AC
• Building Class C
• Year Built 1977
• Cap Rate 5.40 %
• Zoning SMR2*

50 Transit Score

70 Walk Score

Highlights

15-unit multifamily property in prime Sunset Park Santa Monica location

Built in 1977 by the Seller’s family

Exceptionally large unit sizes throughout

Significant rental upside potential

Minutes to Main Street, featuring premier dining, cafés, retail, and nightlife

Financial Summary (Proforma)

Net Operating Income: $267,164 USD (2026)

Cap Rate:	5.40 %
Total Expenses:	$127,058 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Nate Lindaman Videography, Inc

Amenities

• Air Conditioning
• Dishwasher
• Fireplace
• Heating

Public Transportation

Transit/Subway	Drive	Walk	Distance
17 St/ Smc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.1 mi
Bob Hope	34 min	-	22.1 mi
Long Beach (Daugherty Field)	38 min	-	28.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	28
Type:	Covered
Included in Rent:	Yes