1940 6th Street, Santa Monica, CA 90405
Property
Sold July 2024
Listing Agent: David Messiah (DRE #02117893) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Amy Snider · Compass · MLS #24392937 · Source: CRMLS
About this property
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.
Listing description from the July 2024 sale, as reported to CRMLS.
Sale history