Active

1019 6th St

Santa Monica CA, 90403

$4,550,000


$586.04 per sqft

Active

13 Beds

7,764 sqft

Residential

Built in 1956

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.

23-333461

MLS ID

November 20, 2023

Listed

March 18, 2024

Updated

Map

1019 6th St
Santa Monica CA, 90403

Interior Features

Total Stories

2


Bedrooms

13 Beds


Appliances

Built-Ins, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator


Laundry Description

In Unit, Laundry Area, Community


Fireplace

No


Cooling

Yes


Cooling Description

Central, Window Unit(s)


Heating

Yes


Heating Description

Central, Wall

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Santa Monica


Days on Market

85


Garage

No


Parking

Assigned, Attached, Carport Attached, Covered Parking


Parking Total

11


View

No


County

Los Angeles


Pool

No


Zoning

SMR2*

Listing History

Date

Event

Price

2/7/2024

Price Change

$4,550,000

-2%

2/6/2024

Price Change

$4,550,000

-2%

Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor O'Connor Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/18/2024

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