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1147 6th St 1147 6th St 20 Unit Apartment Building $8,481,389 CAD ($424,069 CAD/Unit) 5.75% Cap Rate Santa Monica, CA 90403
Investment Highlights
- Awesome Location in Santa Monica
- Large Units
- Add 2 ADUs in basement
- Maximum Lot Coverage
- Character Building - Curb Appeal
- Roof in great condition
Executive Summary
Reduced. Seller needs to 1031. Spanish style apartment building located at 1147 6th street, in Santa Monica, California. Constructed in 1930 this beautifully maintained vintage building is a two story building with exquisite design. This 20 unit apartment building features controlled access entry. The unit mix consists of four, Alcove Studio Jr 1 bed 1 bath (approximately 595-596 square feet) and sixteen, one bed/one bath (approximately 700 square feet). The gross rentable square feet of the building is approximately 12,327, with a land area of approximately 7,497 square feet. The units are mater metered for gas and electric. Amenities include gated entry system and on-site laundry facilities in the basement where 2 ADUs could be added for additional income. This building presents a unique opportunity for any investor to own a trophy property in a prime Santa Monica location. Contact for an OM.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,481,389 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $424,069 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.75% | Building Size | 12,327 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 92% |
| Gross Rent Multiplier | 10.93 | No. Stories | 2 |
| No. Units | 20 | Year Built/Renovated | 1930/2007 |
| Property Type | Multifamily | Parking Ratio | 0.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4A, Santa Monica | ||
| Price | $8,481,389 CAD |
| Price Per Unit | $424,069 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.93 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 12,327 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2007 |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | R4A, Santa Monica |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | $3,080 CAD | 600 |
| 1+1 | 4 | $4,073 CAD | 750 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 4292-005-013 | Improvements Assessment | $1,114,895 CAD (2025) |
| Land Assessment | $1,337,877 CAD (2025) | Total Assessment | $2,452,773 CAD (2025) |
Property Taxes
Parcel Number
4292-005-013
Land Assessment
$1,337,877 CAD (2025)
Improvements Assessment
$1,114,895 CAD (2025)
Total Assessment
$2,452,773 CAD (2025)
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1147 6th St | 1147 6th St
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