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Map
$4,450,000
↓ $100K (2.2%)
●
Property -
For Sale
1019 6th St
Santa Monica, CA 90403
Studio
0 Bath
7764 Sqft
$21,851
Estimated Monthly
$0
HOA / Fees
About This Property
INCREDIBLE 5.11 CAP RATE WITH UPSIDE 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.
The manager has listed the unit size as 7764 square feet.
The manager has listed the unit size as 7764 square feet.
Unit Size
7,764Ft²
Days on Market
162 days
Land Size
0.17 acres
Price per sqft
$573
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1956
Listed By
Last updated: 13 days ago (CLAWCA #333461)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 18, 2024 | Price Decreased |
$4,450,000
↓ $100K
(2.2%)
|
|
Price Decreased | |||
Feb 8, 2024 | Price Decreased |
$4,550,000
↓ $50K
(1.1%)
|
|
Price Decreased | |||
Jan 5, 2024 | Relisted | $4,600,000 | |
Relisted | |||
Dec 22, 2023 | No longer available | - | |
No longer available | |||
Nov 20, 2023 | Listed by RE/MAX Commercial & Investment | $4,600,000 | |
Listed by RE/MAX Commercial & Investment |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
2.5
Baths
2,904 ft²
$1,636/ft²
$4,750,000
Aug 18, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|