1753 16th Street A, Santa Monica, California 90404, Santa Monica, 90404 - 2 bed, 2 bath
ACTIVE$975,000
1753 16th Street A, Santa Monica, California 90404
2Beds
2Baths
648Sqft
3,195Lot
Year Built
1924
Close
-
List price
$975K
Original List price
$1,000K
Price/Sqft
$1,505
HOA
-
Days on market
-
Sold On
-
MLS number
OC25178373
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $975.0K(50th), sqft - 648(50th), beds - 2(50th), baths - 2(50th).
OPPORTUNITY TO REIMAGINE AN R2-ZONED LOT IN A PRIME LOCATION IN SANTA MONICA. This 3,195 square foot lot can accommodate the redevelopment or renovation of a duplex. Only 1.5 miles from Santa Monica pier, 3.3 miles from Abbot Kinney Blvd, and 0.5 miles from Santa Monica College.
Price History
Date
Event
Price
09/13/25
Price Change
$975,000-2.5%
08/08/25
Listing
$999,990
Condition Rating
Tear down
Built in 1924, this property is explicitly marketed as an 'opportunity to reimagine' and for 'redevelopment or renovation' of the R2-zoned lot, indicating the existing structure's value is minimal. The images confirm this, showing a severely dilapidated interior. The bathroom is in an extremely poor state with exposed walls, old fixtures, and makeshift ventilation, suggesting it's unlivable and requires complete demolition or a full gut renovation. The overall condition points to the property's value being solely in the land.
Pros & Cons
Pros
Prime Location: Situated in a highly desirable Santa Monica neighborhood, offering strong market demand and appreciation potential.
R2 Zoning: The R2 zoning designation allows for the development or renovation of a duplex, maximizing land use and potential rental income.
Redevelopment Opportunity: Explicitly marketed as an opportunity to 'reimagine' and 'accommodate redevelopment', appealing to investors and developers seeking to capitalize on the land's potential.
Proximity to Key Amenities: Conveniently located 0.5 miles from Santa Monica College, 1.5 miles from Santa Monica Pier, and 3.3 miles from Abbot Kinney Blvd, enhancing its appeal for residents and renters.
Residential Income Property: As a duplex, the property offers a clear path to generating rental income, making it attractive for investment purposes.
Cons
Age and Condition of Existing Structure: Built in 1924 with only 648 sqft, the current building likely requires extensive renovation or complete demolition, incurring significant additional costs beyond the purchase price.
Significant Investment Required: The list price primarily reflects the value of the land and its development potential, meaning a substantial capital outlay will be necessary for redevelopment or extensive renovation to realize its full value.
No View: The property explicitly states 'None' for views, which could be a drawback for buyers seeking ocean or city vistas common in coastal Santa Monica.