1147 6th St - Apartments FOR SALE


Santa Monica, CA 90403- Wilshire Montana
$6,995,000 USD
310-980-4562
1147 6th St, Santa Monica, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/16
null | 5.2% 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

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

$6,995,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

20

PRICE/UNIT

$349,750

CAP RATE

5.2%

% LEASED

95%

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

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Peter CirielloLA CommercialMore Info
310-980-4562

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