1026 6th Street

Santa Monica, CA 90403

$3,575,000
Last Sold Price
13
Beds
12
Baths
7,198 Sq. Ft.
$497 / Sq. Ft.
7,198
Sq. Ft.
$497
per Sq. Ft.

Description

Rare Investment Opportunity in A+ location. 10 Unit Apartment Building between Wilshire and Montana. The upper 2 BD + 1.5 BA owners unit is being delivered vacant and includes its own deck/patio, laundry, elevator, and garage. First time on the market from its original owners, 1026/1028 6th Street has incredible possibilities. This stylish and very desirable property has received solid overall maintenance. Units can use improvements as they come up and will bring fantastic upside potential. Quite...Rare Investment Opportunity in A+ location. 10 Unit Apartment Building between Wilshire and Montana. The upper 2 BD + 1.5 BA owners unit is being delivered vacant and includes its own deck/patio, laundry, elevator, and garage. First time on the market from its original owners, 1026/1028 6th Street has incredible possibilities. This stylish and very desirable property has received solid overall maintenance. Units can use improvements as they come up and will bring fantastic upside potential. Quite the prospect! The breakdown of the building is: Eight) 1 Bd + 1 Ba units, One) 3 Bd + 1.5 Ba unit, and One) 2 Bd + 1.5 Bath (owners) unit. Separately metered for gas and electricity. This property has met all soft story retrofit standards, per the City of Santa Monica.

Listing Agent

  1. Allison Gold

    Allison Gold

    Listing Agent

    Compass

    DRE #01865934

Property Details for 1026 6th Street

Zoning
SMR2*
Style
Traditional
Parcel Number
4292011006
Total Units
10.0
Living Area
7198
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
1 unit

Location

Listing Courtesy of Compass, Allison Gold, DRE #01865934; Compass, Isaac Rodriguez, DRE #02080790

Sold By Compass, Allison Gold, DRE #01865934; Compass, Isaac Rodriguez, DRE #02080790

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LISTING UPDATED: 08/28/2020 07:16 PM

Property Details for 1026 6th Street

StatusSold
MLS #20-613296
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,481 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Allison Gold, DRE #01865934; Compass, Isaac Rodriguez, DRE #02080790

Sold By Compass, Allison Gold, DRE #01865934; Compass, Isaac Rodriguez, DRE #02080790

Add your commute

Building Information for 1026 6th Street

Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,481 SF

Payment Calculator

$23,256 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,510

Property Taxes

$3,746

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1026 6th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1, 2, 3 BRs
  • Property Condition: Repair Cosmetic
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Trust/Conservatorship
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $172,080
  • Net Operating Income: $134,981.00
  • Gross Income: $0
  • Gross Rent Multiplier: $24.00
  • Total Annual Expense: 36722
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1717
  • Lot Size Square Feet: 7481
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Carport, Garage Is Attached
  • Total Parking: 10
  • Garage Spaces Total: 4
  • Carport Spaces Total: 6
  • Parking Features: Garage - Single Door, Garage - Two Door, Carport
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-03-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $602.00
  • Unit Actual Rent: $602.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $818.67
  • Unit Actual Rent: $818.67
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,468.00
  • Unit Actual Rent: $1,468.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,534.00
  • Unit Actual Rent: $1,534.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,825.00
  • Unit Actual Rent: $2,825.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,872.00
  • Unit Actual Rent: $1,872.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,634.00
  • Unit Actual Rent: $1,634.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,735.00
  • Unit Actual Rent: $1,735.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 9
Unit 10 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $595,654.00
  • Assessed Improvement Percent: 34.21
  • Assessed Land Value: $1,145,603.00
  • Assessed Land Percent: 65.79
  • Assessed Total Value: $1,741,257.00

Property History for 1026 6th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1026 6th Street

Taxable ValueLand$2,080,800Additions$1,639,030Total$3,719,830
Tax Record2023$44,954 ($3,746 / month)
Home Facts
Total Finished SqFt7,198 SqFtAbove Grade Finished SqFt7,198 SqFtLot Size7,481 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningSMR2*CountyLOS ANGELESAPN4292-011-006

Schools near 1026 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Allison Gold, DRE #01865934; Compass, Isaac Rodriguez, DRE #02080790

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.