Active

1019 6th Street

Santa Monica CA, 90403

$4,550,000


$586.04 per sqft

Active

13 Beds

13 Baths

7,764 sqft

Residential

Built in 1956

Listed by Jonathan Taksa with Remax Commercial and Investment Realty 213-817-1000

Just Reduced! 4.66 CAP Rate and 14.43 GRM NORTH OF WILSHIRE! We are pleased to offer for sale an incredible multifamily asset located at 1019 6th Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking (soft story retrofit has been completed), all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (7) 1-bed, 1-bath units and (2) 2-bed, 2-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1019 6th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations in Los Angeles.

23333461

MLS ID

November 20, 2023

Listed

February 16, 2024

Updated

Map

1019 6th Street
Santa Monica CA, 90403

Interior Features

Total Stories

2


Bedrooms

13 Beds


Bathrooms

13 Baths


Appliances

Dishwasher, Disposal, Microwave, Refrigerator


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

C14 - Santa Monica


Days on Market

64


Garage

Yes


Parking

Attached Carport, Assigned, Covered


Parking Total

11


View

No


County

Los Angeles


Pool

No


Zoning

SMR2*


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/7/2024

Price Change

$4,550,000

-2%

2/6/2024

Price Change

$4,550,000

-2%

Listing Contact: 213-817-1000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:21 AM UTC

 

Powered byLuxury Presence