Log In/Sign Up
Your email has been sent.
1147 6th St 20 Unit Apartment Building $8,428,359 CAD ($421,418 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 | $8,428,359 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $421,418 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 | 90% |
| 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 | SMR2* - 0500 - 5 Or More Apts or Units, Coop Or Oyo Projects - 4 | ||
| Price | $8,428,359 CAD |
| Price Per Unit | $421,418 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 | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2007 |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | SMR2* - 0500 - 5 Or More Apts or Units, Coop Or Oyo Projects - 4 |
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 | $3,061 CAD | 600 |
| 1+1 | 4 | $4,048 CAD | 750 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4292-005-013 | Improvements Assessment | $1,107,925 CAD (2025) |
| Land Assessment | $1,329,512 CAD (2025) | Total Assessment | $2,437,437 CAD (2025) |
Property Taxes
Parcel Number
4292-005-013
Land Assessment
$1,329,512 CAD (2025)
Improvements Assessment
$1,107,925 CAD (2025)
Total Assessment
$2,437,437 CAD (2025)
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1147 6th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.