1114 6th St
Santa Monica, CA 90403
Immeuble residentiel Propriété À vendre · 15 Unités

• First time on the market in 16 years, presenting a rare opportunity to acquire a well-located, historically high occupied asset at a 6.22% adjusted in-place cap with opportunity to reach a 7.46% pro forma cap
• Select units feature newly remodeled interiors with hardwood flooring, stainless steel kitchens with granite countertops, spacious living areas opening to private balconies, large bedrooms with ample closet space, and in-unit washer/dryers, and new windows. The Property provides a parking ratio exceeding one space per unit, with a majority of stalls located in rare subterranean parking.
• Residents benefit from a convenient elevator and recent capital improvements, including new plumbing and electrical systems, energy-efficient windows, and a new 2022 roof
• Positioned in Santa Monica’s highly sought-after North of Wilshire neighborhood, blocks to Montana Avenue, Santa Monica Beach, Palisades Park, and the 7th Street Steps
• The property offers immediate access to world-class dining, retail, and outdoor amenities while maintaining a quiet residential setting, supporting strong and durable renter demand