Check Availability
$4,495,000
Land - For Sale

432 16th St

Santa Monica, CA 90402
bedrooms
Studio
bathrooms
0 Bath
$22,072
Estimated Monthly
$0
HOA / Fees

About This Property

Nestled in the prestigious North of Montana neighborhood, this exceptional property offers an unparalleled opportunity to realize your vision of a dream estate. Approved for immediate construction with RTI (ready to issue) permits, this project features plans for an impressive 6,300 SqFt architectural Modern-barn residence on an expansive 7,500 SqFt lot. Thoughtfully crafted for the most discerning buyer, the design includes 7 bedrooms, 8 bathrooms, a Theatre, Gym, Pool, and an ADU complete with a full kitchen, bedroom & bath. The layout is perfect for family gatherings and entertaining.This prime location is just steps away from the upscale dining, shops, and cafes of Montana Ave, as well as the Riviera Country Club, Brentwood Country Mart, Santa Monica Stairs, and Brentwood Country Club. The neighborhood's walkability and proximity to top attractions are unmatched. Don't miss this extraordinary chance to create your family's legacy in one of the most coveted Westside neighborhoods.
Unit Size
-
Days on Market
18 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1926
Listed By
Last updated: 16 days ago (CLAWCA #379717)

Price History

Date / Event Date Event Price
Apr 12, 2024 Listed by Douglas Elliman of California $4,495,000
Listed by Douglas Elliman of California
Aug 14, 2023 Sold to Scholnick $4,500,000
Sold to Scholnick
Aug 23, 2022 No longer available -
No longer available
Aug 22, 2022 Sold $3,611,000
Sold
Jul 15, 2022 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,718
  • Building Area: 1,718
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,718
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: 5119
  • Land Acres: 0.172
  • Legal Description 1: TRACT NO 5119 LOT/SEC 7 BLK/DIV/TWN 8

Ownership

  • Current Owner : IRA AND ROCHELLE SCHOLNICK FAMILY TRUST
  • Current Owner 2: SCHOLNICK
  • Previous Owner : 432 16TH STREET LLC
  • Owner Before Previous Owner: EDITH SEROS TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701201

Zoning

  • Zoning: SMR1*

Geography

  • Assessors Map Reference: 40-F4
  • Subdivision Tract Number: 5119
  • Parcel: 4279-028-007
  • Block: 8
  • Lot: 7
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0371
  • Longitude: -118.498

    Address

  • Full Address: 432 16th St
  • Address - House Number: 432
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C011
  • 4-Digit Zip Code: 2234
  • Zip Code: 90402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,891
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.2561
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 63
  • Final Value: 3,873,263
  • High Value: 4,865,301
  • Low Value: 2,881,225

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,650,000
  • First Open Lien Mortgage Lender: OAKHURST INCOME FUND II LP
  • First Open Lien Mortgage Recording Date: Aug 14, 2023
  • First Open Lien Mortgage Loan Amount: $2,650,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,611,000
  • Assessed Land Value: $2,888,800
  • Assessed Improvements Value: $722,200

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Transaction ID: 11910901740
  • Current Sale Price: $4,500,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 535144
  • Previous Sale Recording Date: Aug 22, 2022
  • Previous Sale Contract Date: Jul 26, 2022
  • Previous Sale Amount: $3,611,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: OAKHURST INCOME FUND II LP
  • First Mortgage Transaction Date: Aug 14, 2023
  • First Mortgage Loan Amount: $2,650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: ANCHOR LOANS LP
  • Previous Mortgage Transaction Date: Aug 22, 2022
  • Previous Mortgage Loan Amount: $2,887,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Other
Loft
-
9,318 ft²
$521/ft²
$4,850,000 Mar 21, 2024
-
-
Other
Loft
-
6,524 ft²
$797/ft²
$5,200,000 Apr 15, 2024
-
-
In Contract
House
5 Beds
2 Baths
2,416 ft²
$1,759/ft²
$4,250,000 Mar 18, 2024
-
-
House
3 Beds
3 Baths
3,067 ft²
$1,563/ft²
$4,795,000 Feb 19, 2024
-
-
In Contract
House
5 Beds
6 Baths
4,443 ft²
$1,125/ft²
$4,999,888 Feb 19, 2024
-
-

About North of Montana


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Frequently Asked Questions

When was property at 432 16th Street built and last sold?
The property at 432 16th Street was built in 1926 and last sold on Jul 21, 2023 for $4,500,000.
How much is this home worth?
The estimated value of the home located at 432 16th Street is $4,539,950.
What are some comparable homes to 432 16th Street?
There are currently no comparable homes to 432 16th Street.

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