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1147 6Th St Santa Monica, CA 90403

For Sale
$6,995,000

20-unit Spanish-style property near 3rd Street Promenade.

Lot size:
0.17 Acres

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

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Santa Monica
County
Los Angeles
State
California
Longitude
-118.4965443
Latitude
34.0212109

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.
More about this property
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