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$ 4,450,000
Est. payment | /mo
9,900 SqFt
$ 4,450,000
Est. payment | /mo
9,900 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $449
MLS Listing ID CL26664259
HOA Y/N No
Year Built 1963
Lot Size 0.259 Acres
Acres 0.26
Property Sub-Type Other
Property Description
The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/one-bathroom apartments and eight studios. Spanning approximately 9,900 square feet on a generous 0.26-acre lot, this two-story community has been meticulously maintained through decades of dedicated ownership, with consistent capital expenditures focused on optimizing operations, enhancing building performance, and boosting tenant appeal. Key improvements include the completion of a Soft Story Seismic retrofit in 2020 and the installation of a new roof in 2021. The building's quaint charm, combined with practical amenities such as on-site laundry and assigned parking, positions it as a stable income producer in one of Southern California's most coveted coastal markets, with strong rental demand driven by its prime location and enduring upkeep. Nestled in the desirable Wilshire-Montana neighborhood of SantaMonica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific Ocean, just five blocks from the iconic SantaMonica Beach and Pier, offering residents easy access to miles of pristine coastline, recreational paths, and vibrant waterfront activities.Steps away from the highly
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4292011026
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Listed by Jeffrey Louks • Marcus & Millichap
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