1019 6th Street
Santa Monica, CA, 90403 $ 4,450,000
Bedrooms13 Baths13.0 Sq 7,764 Monthly Estimate*
$ 31,085
Listed by Remax Commercial and Investment Realty
for $4,450,000 with 13 bedrooms and 13 full baths. This 7,764 square foot home was built in 1956 on a lot size of 0.1721.
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.
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FeaturesGeneralHeating Central WallFurnace
Cooling CentralAir
Appliances Dishwasher Disposal Microwave Refrigerator
Zoning SMR2*
Security Features GatedCommunity
Year Built 1956
Tenant Pays Electricity Gas
Levels MultiSplit
Gross Income 314136.0
Community Features Gated
County Los Angeles
Net Operating Income 227184.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions West of Lincoln Blvd. walking distance to the beach
City Santa Monica
View Y/N N
Senior Community Y/N N
Total Units 10
MLS Area C14 - Santa Monica
Lot Size Square Feet 7496.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name 6th
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 135
Standard Status Active
Year Built Source Assessor
Cap Rate 5.11
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ExteriorParking Features AttachedCarport Assigned Covered
Total Parking 11.0
Lot Size Area 7496.0
Number of Buildings 1
Spa N
Building Area Total 7764.0
Lot Size Acres 0.1721
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features CommonArea
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 13
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* Excluded FeaturesList ByRemax Commercial And Investment RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $31,085
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $3,783,107
Percent of Sale Price 15%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/17/2024 | $4,450,000 | -2.20% | Price Down |
2/6/2024 | $4,550,000 | -1.09% | Price Down |
11/21/2023 | $4,600,000 | | Listed Price |