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$ 4,450,000
Est. payment | /mo
9,900 SqFt
$ 4,450,000
Est. payment | /mo
9,900 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $449
MLS Listing ID CL26664259
HOA Y/N No
Year Built 1963
Lot Size 0.259 Acres
Acres 0.2588
Property Sub-Type Other
Property Description
The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/one-bathroom apartments and eight studios. Spanning approximately 9,900 square feet on a generous 0.26-acre lot, this two-story community has been meticulously maintained through decades of dedicated ownership, with consistent capital expenditures focused on optimizing operations, enhancing building performance, and boosting tenant appeal. Key improvements include the completion of a Soft Story Seismic retrofit in 2020 and the installation of a new roof in 2021. The building's quaint charm, combined with practical amenities such as on-site laundry and assigned parking, positions it as a stable income producer in one of Southern California's most coveted coastal markets, with strong rental demand driven by its prime location and enduring upkeep. Nestled in the desirable Wilshire-Montana neighborhood of SantaMonica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific Ocean, just five blocks from the iconic SantaMonica Beach and Pier, offering residents easy access to miles of pristine coastline, recreational paths, and vibrant waterfront activities.Steps away from the highly desirable Montana Avenue, known for its upscale boutiques, gourmet restaurants, and tree-lined charm, the location embodies the quintessential Santa Monica lifestyle with a blend of luxury and convenience. Additionally, the property is only about three miles from the affluent Brentwood neighborhood, providing seamless connectivity to high-end shopping, cultural attractions, and professional hubs via excellent transit options, including a 73/100 transit score and 92/100 bike score. Surrounded by top-rated schools, Third Street Promenade's entertainment district, and everyday amenities, this address delivers unparalleled walkability (72/100 score) in a quiet, healthy community setting, making it an ideal spot for tenants seeking the best of coastal living. Prime Coastal Location: Just five blocks from Santa Monica Beach and Pier, with easy access to oceanfront recreation and stunningPacific views. Proximity to Upscale Amenities: Steps from Montana Avenue's boutique shopping and dining, and only three miles from Brentwood's luxury offerings. Well-Maintained Asset: Decades of ownership with regular capital expenditures enhancing operations, performance, and tenant appeal; Soft Story S
Location
State CA
County Los Angeles
Zoning SMR2*
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4292011026
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Listed by Jeffrey Louks • Marcus & Millichap
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