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1019 6th St, Santa Monica, CA 90403

Sale Price: $4,314,420
Sep 3, 20247,764 sqft13 beds13 baths
Listed by: Jonathan Taksa
License #: 01366169
Phone #: 424-672-8220
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24434419

Property Description

We are pleased to offer for sale an incredible multifamily asset located at 1019 6th Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, an intercom entrance, ample on-site parking (soft story retrofit has been completed), all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (7) 1-bed, 1-bath units and (2) 2-bed, 2-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC(select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1019 6th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$57,405

TurboHome Estimated Value

$4,138,500

$533 sqft

High Valuation
$4,345,425
$560/sqft
Normal Valuation
$4,138,500
$533/sqft
Low Valuation
$3,931,575
$506/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$533/sqft$4,138,500

Neighborhood

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Comparative Value

$2.61M

$4.31M

$4.45M

1127 16th St, Santa Monica, CA 90403

Sale Price: $2,607,000

Selected Comparable

1019 6th St, Santa Monica, CA 90403

Sale Price: $4,314,420

Selected Comparable

1019 6th St, Santa Monica, CA 90403

List Price: $4,450,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1019 6th St, Santa Monica, CA 90403

1019 6th St, Santa Monica, CA 90403

List: $4,450,000

Listed: 9/3/2024

Area:7,764 sqft
Price/sqft:$573
Beds:13
Baths:13
Year Built:
Lot Size:7,496

Comparable Properties

COMPARABLE
Choose comps
1019 6th St, Santa Monica, CA 90403

1019 6th St, Santa Monica, CA 90403

Sale: $4,314,420

11/25/20240.00 mi

Area:7,764 sqft
Price/sqft:$556
Beds:13
Baths:13
Year Built:
Weight:64.6%
1127 16th St, Santa Monica, CA 90403

1127 16th St, Santa Monica, CA 90403

Sale: $2,607,000

11/1/20240.77 mi

Area:6,768 sqft
Price/sqft:$385
Beds:12
Baths:12
Year Built:
Weight:35.4%

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