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1940 6th ST Santa Monica, CA 90405
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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $875
MLS Listing ID 24392937
Sold Date 07/01/24
Bedrooms 4
HOA Y/N No
Year Built 1955
Lot Size 5,867 Sqft
Property Description
Incredible Value-Add Opportunity - Will be Delivered With TWO VACANT Units, Giving Flexibility to a Buyer to Either Move in or Renovate to Achieve Top-Tier Rents. 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. Priced at $462,500 Per Unit and a ProForma GRM of 14.38. Ideal For an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Paved
Parking Type Paved
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4289004008
Special Listing Condition Standard
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Bought with Amy Snider • Compass
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