1940 6th St - Apartments FOR SALE
Santa Monica, CA 90405 |
1940 6th St
Santa Monica, CA 90405
HIGHLIGHTS
- The Building is Located West of Lincoln Blvd, Less Than One Mile From Santa Monica Beach & Main Street, and Within Walking Distance of SM High School
- Incredible Value-Add Opportunity - Will be Delivered With Two Vacant Units- Either Move in or Renovate to Achieve Market Rents
- The Building is Situated on a 5,866 Square Foot Corner Lot and Features 8 Parking Spaces, In-Unit Washer and Dryers, and Patio Space.
- Priced at $462,500 Per Unit and a ProForma GRM of 14.38.
- Ideal For an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
2000
STORIES
1
YEAR BUILT
1955
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4289-004-008
