1147 6th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$6,195,000 USD
310-980-4562
1147 6th St, Santa Monica, CA for Sale
$6,195,000 USD
Apartments - FOR SALE
1/16
null | 5.75% Cap Rate

1147 6th St
Santa Monica, CA 90403
Wilshire Montana


HIGHLIGHTS

  • Awesome Location in Santa Monica
  • Maximum Lot Coverage
  • Large Units
  • Character Building - Curb Appeal
  • Add 2 ADUs in basement
  • Roof in great condition

OVERVIEW

Reduced. Seller needs to 1031. Spanish style apartment building located at 1147 6th street, in Santa Monica, California. Constructed in 1930 this beautifully maintained vintage building is a two story building with exquisite design. This 20 unit apartment building features controlled access entry. The unit mix consists of four, Alcove Studio Jr 1 bed 1 bath (approximately 595-596 square feet) and sixteen, one bed/one bath (approximately 700 square feet). The gross rentable square feet of the building is approximately 12,327, with a land area of approximately 7,497 square feet. The units are mater metered for gas and electric. Amenities include gated entry system and on-site laundry facilities in the basement where 2 ADUs could be added for additional income. This building presents a unique opportunity for any investor to own a trophy property in a prime Santa Monica location. Contact for an OM.

FOR SALE DETAILS

PRICE

$6,195,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

20

PRICE/UNIT

$309,750

CAP RATE

5.75%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1147 6th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4A, Santa Monica

APN/PARCEL ID

4292-005-013

ASK ABOUT THIS PROPERTY

Peter CirielloLA CommercialMore Info
310-980-4562

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

Peter CirielloLA CommercialMore Info
310-980-4562

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