1 / 15
2 / 15
3 / 15

1901 6th Street, Santa Monica, CA 90405$7,200,000

1
bed
2
baths
14399
ft2
· 10195
ft2 lot
$500 / ft2

Listing provided courtesy of , Stepp Commercial
Source CRMLS;
Loading...
Presenting 1901 6th Street Apartments, located only 6 blocks from the ocean, steps from Santa Monica Pier, Third Street Promenade and Main Street restaurants and shops. The courtyard style property is situated on a large corner lot of 10,195 SF. Property features include an elevator, laundry on-site and community courtyard patio. This asset offers the investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in Santa Monica. All Seismic retrofit has been completed. 50% of the units have been renovated leaving the remaining units in unrenovated condition and ripe for upgrades. The desirable unit mix consists of (15) large one-bedroom/one-bathroom and (1) studio/one-bathroom units. The 8 renovated units feature wood flooring, modern light fixtures and ceiling fans in living room, upgraded kitchen (shaker cabinets with quartz countertops), dishwashers, upgraded bathroom, some with dual vanities, and mirrored closet doors. Select units have partial ocean views. In the past several years, Santa Monica has also become an integral part of Silicon Beach, Los Angeles thriving technology, media and entertainment hub. This economic transformation has brought on an increase in a young, affluent, educated population, employed by companies who invest heavily in attracting top-tier talent. With the median home price in the 90405 zip code at nearly $1.7 million (over $969 per square foot), rental demand is strong in this desirable enclave.

HOA

$—/month

On market

1 month

Year built

1969

Property type

Multi-Family

Parking

MLS

21782346

Price / Sq.Ft.

$500 / ft2

Status

Active

Tour this home
Request a free tour of this home
Wednesday
20
October
Thursday
21
October
Friday
22
October
Saturday
23
October
Sunday
24
October
Monday
25
October
Tuesday
26
October
Wednesday
27
October
Thursday
28
October
Friday
29
October
Saturday
30
October
Sunday
31
October
Monday
1
November
Tuesday
2
November
Tour type :
In person
Need a Lyft ride to and from your tour?

Home details for 1901 6th Street

Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Electric Oven, Range Hood, Electric Cooktop
•   
Has Appliances
Interior Features
•   
Interior Features: Ceiling Fan(s)
Flooring
•   
Flooring: Wood, Tile
Interior Size
•   
Building Area Total: 14399.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
Building Info
•   
Zoning: SMOP4*
•   
Stories Total: 2
•   
Construction Materials: Stucco
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 16
Lot Info
•   
Lot Size Acres: 0.2300
•   
Lot Size Area: 10195.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Accessibility: Customized Wheelchair Accessible
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 393072.00
•   
Vacancy Allowance Rate: 1.00
•   
Total Expenses: 63607.00
•   
Gross Multiplier: 18.32
Tax/Assessment Info
•   
Gross Income: 391572.00
•   
Tax Year: 2020
•   
Taxes: 74290.0
Lease Info
•   
Net Operating Income: 231480.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1900.00
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1900.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 15
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2049.00
•   
Unit 1 Total Rent: 30731.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Pico Blvd and 6th Street
Other
Calculation
•   
Dom: 14
•   
Cdom: 14

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Ocean Park
66
Properties for sale
13
Median days on market
$1024.53
Median sold price/sqft
101.27%
Sold/List %
walk-icon}

walk score® :

transit-icon}

transit score® :

bike-icon}

bike score® :

Property History for 1901 6th Street

09/13/2021
09/13/2021
CRMLS #21782346
active
CRMLS #21782346
$7,200,000
+20.00%
05/07/2015
05/07/2015
Public Record
sold
Public Record
$6,000,000
12/19/2014
12/19/2014
Public Record
sold
Public Record
$6,000,000
+240.91%
04/01/2002
04/01/2002
Public Record
sold
Public Record
$1,760,000
+79.78%
06/23/1988
06/23/1988
Public Record
sold
Public Record
$979,000
+51.57%
See more property history

Similar homes

street view

$8,000,0003499 Sawtelle BoulevardLos Angeles, CA 90066

1 bed
2 bath
10445
 ft²
 · 
15750
 ft²  lot

Recently sold homes near 1901 6th Street

Services
BrokerageMortgageFor AgentsTitle & Escrow
Get the Flyhomes app
IOSAndroid
Equal Housing Opportunity
By searching, you agree to the Terms of Use, Privacy Policy and California Privacy Notice. California DRE #02012110; Flyhomes Mortgage, LLC: NMLS #1733272
TREC: Info about Brokerage Services, Consumer Protection Notice, Texas Mortgage Company Compliant/Recovery Fund Notice

1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.

Flyhomes is registered trademark of Flyhomes, Inc.
Flyhomes © 2021