1940 6th Street
1940 6th Street
$1,850,000
4
4
2,000
2,000
$925
Description
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.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.
- Listed by David Messiah • DRE #02117893 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Cameron Samimi • DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1940 6th Street
Zoning
SMOP2*
Parcel Number4289004008
Total Units4.0
Living Area2000
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate2
Lot Size Area5866
Location
LISTING UPDATED: 05/24/2024 12:02 AM
Property Details for 1940 6th Street
Status | Active |
---|---|
MLS # | 24-392937 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.13 AC / 5,866 SF |
County | Los Angeles County |
Location
Building Information for 1940 6th Street
Stories-Residences-Year Built1955Building Size-Lot Size0.13 AC / 5,866 SF
Payment Calculator
$10,522 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1940 6th Street
Property History for 1940 6th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1940 6th Street
Taxable ValueLand$225,262Additions$124,783Total$350,045
Tax Record2023$5,110 ($426 / month)
Home Facts
Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtLot Size5,866 SqFtStyleQuadraplexYear Built1955ZoningSMOP2*CountyLOS ANGELESAPN4289-004-008
Schools near 1940 6th Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
John Muir Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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