1042 6th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$4,450,000 USD
310-941-5899
1042 6th St, Santa Monica, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/14
null | 5.32% Cap Rate

1042 6th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Desirable Wilshire-Montana neighborhood of Santa Monica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific views.
  • Steps from Montana Avenue’s boutique shopping and dining, and only three miles from Brentwood’s luxury offerings.
  • Decades of ownership with regular capital expenditures: Soft Story Seismic retrofit completed in 2020 and the installation of a new roof in 2021.

OVERVIEW

The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/ one-bathroom apartments and eight studios. Spanning approximately 9,900 square feet on a generous 0.26-acre lot, this two-story community has been meticulously maintained through decades of dedicated ownership, with consistent capital expenditures focused on optimizing operations, enhancing building performance, and boosting tenant appeal. Key improvements include the completion of a Soft Story Seismic retrofit in 2020 and the installation of a new roof in 2021. The building’s quaint charm, combined with practical amenities such as on-site laundry and assigned parking, positions it as a stable income producer in one of Southern California’s most coveted coastal markets, with strong rental demand driven by its prime location and enduring upkeep. Nestled in the desirable Wilshire-Montana neighborhood of Santa Monica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific Ocean, just five blocks from the iconic Santa Monica Beach and Pier, offering residents easy access to miles of pristine coastline, recreational paths, and vibrant waterfront activities. Steps away from the highly desirable Montana Avenue, known for its upscale boutiques, gourmet restaurants, and tree-lined charm, the location embodies the quintessential Santa Monica lifestyle with a blend of luxury and convenience. Additionally, the property is only about three miles from the affluent Brentwood neighborhood, providing seamless connectivity to high-end shopping, cultural attractions, and professional hubs via excellent transit options, including a 73/100 transit score and 92/100 bike score. Surrounded by top-rated schools, Third Street Promenade’s entertainment district, and everyday amenities, this address delivers unparalleled walkability (72/100 score) in a quiet, healthy community setting, making it an ideal spot for tenants seeking the best of coastal living.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

16

PRICE/UNIT

$278,125

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,247 SF

ZONING

SMR3YY

APN/PARCEL ID

4292-011-026

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

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Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.