2721 6Th St

Estimated Monthly Payment: $48,794/mo 2721 6Th St, Santa Monica, CA 90405 MLS# 20-626374 Residential Income Listing Status: Pending
28
18,306 sqft
58
10
0
0

REMARKS:

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.

OVERVIEW:

Residential Income
Pending
1971
0.31
18306
150x90
None
Assigned, Covered Parking, Controlled Entrance
28
Central
Air Conditioning

FEATURES:

Alarm System, Gas Or Electric Dryer Hookup, Dryer, Dishwasher, Microwave
None
Balcony, Roof Top Deck, Patio Open, Deck(s)
Counter Top, Granite Counters
Automatic Gate, Gated

ROOM INFO:

28
Hardwood, Laminate, Mixed, Ceramic Tile, Carpet

SCHOOLS:

Santa Monica-Malibu Unified School District

FINANCIAL:

$10,700,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Filip Niculete - Marcus & Millichap

 

 

 

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IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Combined L.A./Westside MLS. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

 

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Data last updated: 10/28/2020