1940 6th St, Santa Monica, CA 90405

1940 6th St, Santa Monica, CA 90405

Santa Monica, CA
$1,850,000

Property 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.

Property Features

  • Sale Price: $1,850,000
  • Area Size: 5,866 sq ft lot
  • Year Built: 1955
  • Units: 4
  • Current GRM: 14.38.