1147 6Th St Santa Monica, CA 90403
Property Features for 1147 6Th St
General Information
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1930
Source: LA Commercial
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Santa Monica Multifamily Investment Opportunity
This 20-unit Spanish-style property is located in Santa Monica, near the 3rd Street Promenade. It features a mix of unit types, including sixteen junior alcove 1-bedroom 1-bath units and four 1-bedroom 1-bath units, ranging in size from 500 to 700 square feet. The property offers strong in-place cash flow, with potential rental upside through the addition of at least two Accessory Dwelling Units (ADUs). The building has a secure entryway and a central hallway, appealing to an affluent renter demographic. The property is master-metered for gas and has street parking only. A basement with laundry facilities is present, offering space to add two ADUs, each approximately 300 square feet. This property provides immediate scale and a foothold in a desirable West Side of Los Angeles submarket. There is an assumable loan until December 2026.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4965443
- Latitude
- 34.0212109
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit Spanish-style property near 3rd Street Promenade.
Where is this apartment building located?
The property is located at 1147 6Th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: - Prime Santa Monica location near the 3rd Street Promenade with walkable retail and dining.; - Strong in-place cash flow with potential for increased rental income.; - Opportunity to add 2 ADUs (approximately 300 SF each) in the basement.