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    844 6Th St

    Santa Monica, CA 90403
    • $6,000,000
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: 21-745968
    UPDATED: 40 min ago
    $6,000,000
    • 16
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,145
      SQFT
    • $424
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    844 6th Street, a twelve unit value-add investment property located in the metropolitan beach community of Santa Monica. Located on a tree-lined residential block just South of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1961, the 14,145 SF two-story building is comprised of (6) two-bedroom townhouse-style units, (4) one-bedroom units and (2) single units. The building features bright and spacious units averaging 1,200 SF each, and several units are equipped with private patios/balconies. Additional property amenities include a gated garage with approx. 14 parking spaces (with 2 additional covered spaces) and soft-story retrofitting has been completed. 844 6th Street presents a significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. 844 6th Street allows investors to acquire a phenomenal multifamily building in one of Los Angeles' premier beach communities, while having substantial financial upside.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T17:42:34.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/117997800
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    844 6Th St Santa Monica, CA 90403

    • Price: $6,000,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 21-745968
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    14,145
    SQFT
    $424
    $/SQFT
    1961
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    844 6th Street, a twelve unit value-add investment property located in the metropolitan beach community of Santa Monica. Located on a tree-lined residential block just South of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1961, the 14,145 SF two-story building is comprised of (6) two-bedroom townhouse-style units, (4) one-bedroom units and (2) single units. The building features bright and spacious units averaging 1,200 SF each, and several units are equipped with private patios/balconies. Additional property amenities include a gated garage with approx. 14 parking spaces (with 2 additional covered spaces) and soft-story retrofitting has been completed. 844 6th Street presents a significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. 844 6th Street allows investors to acquire a phenomenal multifamily building in one of Los Angeles' premier beach communities, while having substantial financial upside.
    Exterior Features

    Covered Parking 2 Cross Streets Montana Avenue & 6th Street Garage Structures Total 1 Lot Location Alley Access Lot Size Area 7481 Other Structures None Parking Garage GatedSubterr Side By SideCovered Parking Total Parking 16

    Interior Features

    Baths Total 15.00 Common Walls Attached Cooling None Equipment None Heating None Laundry Community

    Property Features

    Gross Income 268505 Gross Operating Income 263135 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 154175.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 108960 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Smr2

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T17:42:34.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Sandi Phillips Team | Compass
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    Palm Desert CA, 92260