Santa Monica, CA 90403,844 6Th ST
Santa Monica, CA 90403,844 6Th ST
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$6,300,000

$6,000,000

5.0%
Est.Price: ?

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Est. payment /mo

7,405 Sqft Lot


SOLD DATE : 08/06/2021

Key Details

Sold Price $6,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21745968

Sold Date 08/06/21

HOA Y/N No

Year Built 1961

Lot Size 7,405 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2

Interior

Heating None

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered, Gated, Side By Side

Garage Spaces 14.0

Garage Description 14.0

Total Parking Spaces 14

Building

Story 3

Others

Senior Community No

Tax ID 4292009010

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass
Bought with Kenny Stevens • Compass
agent-avatar

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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