1940 6th Street Santa Monica, CA ^$ 1,850,000

1940 6th Street

^$ 1,850,000

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Recently Listed

1940 6th Street

Santa Monica, CA, 90405

^$ 1,850,000

Bedrooms4 Baths4.0 Sq 2,000

Monthly Estimate*

^$ 12,296

Listed by Lyon Stahl Investment Real Estate, Inc.

1940 6th Street, Santa Monica, CA 90405 - Image 1

1940 6th Street, Santa Monica, CA 90405 - Image 2

1940 6th Street, Santa Monica, CA 90405 - Image 3

1940 6th Street, Santa Monica, CA 90405 - Image 4

1940 6th Street, Santa Monica, CA 90405 - Image 5

1940 6th Street, Santa Monica, CA 90405 - Image 6

1940 6th Street, Santa Monica, CA 90405 - Image 7

1940 6th Street, Santa Monica, CA 90405 - Image 8

1940 6th Street, Santa Monica, CA 90405 - Image 9

Multi-Family Home for sale in Santa Monica, CA

for $1,850,000 with 4 bedrooms and 4 full baths. This 2,000 square foot home was built in 1955 on a lot size of 0.1347.

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.

Multi-Family Active

Price

^$ 1,850,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1347

Year Built

1955

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24392937

Days on Market

Features

General

Cooling None

Appliances Dryer Washer

Zoning SMOP2*

Year Built 1955

Stories 1

Levels One

Gross Income 109920.0

County Los Angeles

Net Operating Income 74357.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Located West of Lincoln Blvd and South of Pico Blvd on the corner of Bay St and 6th St.

City Santa Monica

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 4

MLS Area C14 - Santa Monica

Lot Size Units SquareFeet

Lot Size Square Feet 5866.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 6th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Expected Active Date 2024-05-16

Exterior

Parking Features Paved

Total Parking 0.0

Lot Size Area 5866.0

Number of Buildings 2

Spa N

Building Area Total 2000.0

Lot Size Acres 0.1347

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 4

Electric On Property Y/N N

Total Baths 4

Internal Only

Street Number 1 1940

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 561-2384

Phone

Affordability Calculator

$12,296

Per Month

Monthly Principal & Interest: $12,296
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$4,042,364

Percent of Sale Price 119%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2024	$1,850,000		Listed Price

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1940 6th Street, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $1,850,000 with 2,000 sqft and a lot size of 0.1347. 1940 6th Street has 4 bedrooms, 4.0 baths, and was built in 1955. The property's zip code is 90405 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1940 6th Street

Multi-Family Home for sale in Santa Monica, CA

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