1019 6th Street
1019 6th Street
$4,450,000
13
13
7,764
7,764
$573
Description
Incredible 5.11 cap rate with upside north of wilshire! We are pleased to offer for sale an incredible multifamily asset located at 1019 6th Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured...Incredible 5.11 cap rate with upside north of wilshire! We are pleased to offer for sale an incredible multifamily asset located at 1019 6th Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking (soft story retrofit has been completed), all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (7) 1-bed, 1-bath units and (2) 2-bed, 2-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1019 6th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations in Los Angeles.
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 1019 6th Street
Zoning
SMR2*
Cross StreetsCalifornia Avenue and Washington Avenue
Parcel Number4292006018
Total Units10.0
Living Area7764
Source Living AreaAssessor
AreaSanta Monica (C14)
Vacancy Rate9424
Location
LISTING UPDATED: 04/17/2024 08:18 AM
Property Details for 1019 6th Street
Status | Active |
---|---|
MLS # | 23-333461 |
Days on Market | 148 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1956 |
Lot Size | 0.17 AC / 7,496 SF |
County | Los Angeles County |
Location
Building Information for 1019 6th Street
Stories2Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,496 SF
Payment Calculator
$26,698 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1019 6th Street
Property History for 1019 6th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1019 6th Street
Taxable ValueLand$1,670,514Additions$661,558Total$2,332,072
Tax Record2023$28,952 ($2,413 / month)
Home Facts
Total Finished SqFt7,764 SqFtAbove Grade Finished SqFt7,764 SqFtLot Size7,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningSMR2*CountyLOS ANGELESAPN4292-006-018
Schools near 1019 6th Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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