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1940 6th St
Santa Monica, CA 90405
Multifamily Property For Sale
·
4 Units
Investment Highlights
- The Building is Located West of Lincoln Blvd, Less Than One Mile From Santa Monica Beach & Main Street, and Within Walking Distance of SM High School
- The Building is Situated on a 5,866 Square Foot Corner Lot and Features 8 Parking Spaces, In-Unit Washer and Dryers, and Patio Space.
- Ideal For an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.
- Incredible Value-Add Opportunity - Will be Delivered With Two Vacant Units- Either Move in or Renovate to Achieve Market Rents
- Priced at $462,500 Per Unit and a ProForma GRM of 14.38.
Property Facts
| No. Units | 4 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 2,000 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 3/1,000 SF |
| Zoning | SMOP2 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 3/1,000 SF |
| Zoning | SMOP2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Property Taxes
| Parcel Number | 4289-004-008 | Improvements Assessment | $175,000 |
| Land Assessment | $1,575,000 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
4289-004-008
Land Assessment
$1,575,000
Improvements Assessment
$175,000
Total Assessment
$1,750,000
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