844 6th Street

Santa Monica, CA 90403

$6,300,000
Last Sold Price
16
Beds
15
Baths
14,145 Sq. Ft.
$445 / Sq. Ft.
14,145
Sq. Ft.
$445
per Sq. Ft.

Description

844 6th Street, a twelve unit value-add investment property located in the metropolitan beach community of Santa Monica. Located on a tree-lined residential block just South of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1961, the 14,145 SF two-story building is comprised of (6) two-bedroom townhouse-style units, (4) one-bedroom units and (2) single units. The building features bright and spacious units averaging 1,200...844 6th Street, a twelve unit value-add investment property located in the metropolitan beach community of Santa Monica. Located on a tree-lined residential block just South of Montana Avenue, the property is adjacent to the neighborhood's most popular shopping and dining destinations. Constructed in 1961, the 14,145 SF two-story building is comprised of (6) two-bedroom townhouse-style units, (4) one-bedroom units and (2) single units. The building features bright and spacious units averaging 1,200 SF each, and several units are equipped with private patios/balconies. Additional property amenities include a gated garage with approx. 14 parking spaces (with 2 additional covered spaces) and soft-story retrofitting has been completed. 844 6th Street presents a significant value-add opportunity to investors, as current rents are well below market value for nicely remodeled units in the area. 844 6th Street allows investors to acquire a phenomenal multifamily building in one of Los Angeles' premier beach communities, while having substantial financial upside.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

  3. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

  4. Boris Almengor

    Boris Almengor

    Listing Agent

    Compass

    DRE #02092597

Property Details for 844 6th Street

Zoning
SMR2
Cross Streets
Montana Avenue & 6th Street
Parcel Number
4292009010
Total Units
12.0
Living Area
14145
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0

Location

Add your commute
LISTING UPDATED: 08/06/2021 09:41 AM

Property Details for 844 6th Street

StatusSold
MLS #21-745968
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,481 SF
CountyLos Angeles County

Location

Add your commute

Virtual Tour

Building Information for 844 6th Street

Stories3Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,481 SF

Payment Calculator

$40,778 per month

30 year fixed, 7.25% Interest

Principal and Interest

$34,382

Property Taxes

$6,396

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 844 6th Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $263,135
  • Net Operating Income: $154,175.00
  • Gross Income: $268,505
  • Gross Rent Multiplier: $22.35
  • Financial Info as Of: 06/07/2021
  • Total Annual Expense: 108960
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1717
  • Lot Size Square Feet: 7481
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Gated, Subterr Side by Side, Covered Parking
  • Total Parking: 16
  • Covered Parking: 2
  • Garage Spaces Total: 14
  • Parking Features: Gated, Side by Side, Covered
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-07-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,579.00
  • Unit Actual Rent: $2,579.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,526.00
  • Unit Actual Rent: $2,526.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,152.00
  • Unit Actual Rent: $2,152.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,435.00
  • Unit Actual Rent: $1,435.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,286.00
  • Unit Actual Rent: $1,286.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,245.00
  • Unit Actual Rent: $1,245.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,044.00
  • Unit Actual Rent: $1,044.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $896.00
  • Unit Actual Rent: $896.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,335.00
  • Unit Actual Rent: $2,335.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,160.00
  • Unit Actual Rent: $2,160.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117

Property History for 844 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 844 6th Street

Taxable ValueLand$4,080,000Additions$2,346,510Total$6,426,510
Tax Record2023$76,753 ($6,396 / month)
Home Facts
Total Finished SqFt14,145 SqFtAbove Grade Finished SqFt14,145 SqFtLot Size7,481 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningSMR2*CountyLOS ANGELESAPN4292-009-010

Schools near 844 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, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Max Berger, DRE #02054048; Compass, Boris Almengor, DRE #02092597

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.