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.
- Price: $ 10,700,000
- MLS ID: 20626374
- Property Type: Income Home
- WEB ID: PR01598669
- Property Status: Closed
- Lot Size: 13,500sqft
- Parking spaces: 28.00
- Listing Status: Closed
- Listing Agent: Filip Niculete
- Listing Office: Marcus & Millichap
- Selling Agent: Filip Niculete
Based on information from CRISNet MLS as of 7th October 2022 at 10:04am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.