2319 6th St - Apartments FOR SALE


Santa Monica, CA 90405
$3,550,000 USD
310-968-5303
2319 6th St, Santa Monica, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2319 6th St
Santa Monica, CA 90405


HIGHLIGHTS

  • Premier Ocean Park of Santa Monica Location (Walk to Main Street and the beach)
  • Great unit mix of 80% 2-bed, 2-bath floor plans
  • Massive rental upside
  • Ample parking: Soft story retrofit has been completed
  • Excellent value add opportunity

OVERVIEW

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is 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 (soft story retrofit work 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. A quick walk 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.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

10

PRICE/UNIT

$355,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Only $378/ft & $355k/door blocks to the Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

SMOP2*

APN/PARCEL ID

4289-006-012

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.