For more information regarding the value of a property, please contact us for a free consultation.
2721 6Th ST Santa Monica, CA 90405
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $10,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20626374
Sold Date 11/09/20
HOA Y/N No
Year Built 1971
Lot Size 0.300 Acres
Acres 0.3
Property Description
Marcus & Millichap is pleased to present these 22 units, excellently located at 2721 6th Street, in Santa Monica, California. Built in 1971, the asset sits on 13,499 square feet of land with 18,306 square feet of rentable area and boasts a great unit mix of (2) Studio / 1-Bath, (12) 1-Bed / 1-Bath, and (8) 2-Bed / 2-Bath Units. This property, which has not been sold in over 15 years, contains very large and bright units, and some of the units have private balconies with amazing, panoramic views of the Pacific Ocean. Additionally, the roof top deck, which is accessible for all tenants, allows all tenants the opportunity to enjoy the unmatched ocean views. The roof top deck is a great avenue for value add potential where a savvy buyer could invest into making the roof top deck into a very desirable amenity, ultimately raising the market rents for all units. Lastly, with today's historically low interest rates, a qualified investor can receive a bank loan with a 3.25% interest rate.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Flooring Carpet, Laminate, Wood
Fireplace No
Appliance Dishwasher, Electric Oven, Gas Oven, Microwave
Laundry Common Area
Exterior
Garage Assigned, Controlled Entrance, Covered
Garage Spaces 28.0
Garage Description 28.0
Pool None
Community Features Gated
Parking Type Assigned, Controlled Entrance, Covered
Total Parking Spaces 28
Private Pool No
Building
Faces West
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
Others
Senior Community No
Tax ID 4287019029
Security Features Security Gate,Gated Community
Special Listing Condition Standard
Read Less
Bought with Filip Niculete • Marcus & Millichap