
Closed Listing
12 Units in Santa Monica by Montana Avenue
844 6th st
sold in
Santa Monica
Sold At
$
6,300,000
12
Number of Units
1961
Year Built
14,145
SF
Square Footage
7,481
SF
Lot Size
SMR2
Zoning
844 6th St, Santa Monica, CA 90403
About the Property
844 6th St, 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.
12
Number of Units
1961
Year Built
14,145
SF
Square Footage
7,481
SF
Lot Size
SMR2
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$525,000
Price p/ Sq. ft.
$445
Proforma Cap Rate
5.47%




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