2319 6th St Santa Monica, CA 90405
Active
$3,550,000
10 Units
18 Beds
18 Baths
9,399 Area(sq.ft.)
11,328 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 8 | 2 | 2 | No | $ 1,985 | $ 15,883 | $ 28,760 |
Unit 2 | 2 | 1 | 1 | No | $ 1,204 | $ 2,408 | $ 5,790 |
2 | 10 | 18 | 18 | $ 18,288 | $ 131,880 | $ 241,660 |
MLS #: | 24-471339 |
Days On Market: | 8 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 378 |
Price per unit: | $ 355,000 |
Year Built: | 1965 |
Property Details
We are pleased to offer for sale an incredible multi-family asset at 2319 6th Street in the heart of LA's famed beach City of Santa Monica. Originally built in 1965, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. There is massive rental upside and on-site parking for 15 cars (all soft story retrofit has been completed) as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath and (2) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. In close prozimity to popular Main Street and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
Gross Operating Income: | $ 223,014 |
Total Annual Expense: | $ 81,646 |
Net Operating Income: | $ 134,783 |
Gross Annual Income: | $ 219,492 |
Gross Rent Multiplier: | 15.92 |
Structure
Type of Units: | 2s,1s |
Buildings: | 2 |
Levels: | Multi/Split |
Land & Parking
Zoning: | SMOP2* |
Parking Garage: | Assigned |
Total Parking: | 15 |
Interior
AC/Cooling: | Wall/Window |
Equipment: | None |
Heating: | Wall |
Exterior
Detailed Map
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