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914 7TH Street, Santa Monica, CA 90403

Property Details

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914 7TH Street
Santa Monica, CA 90403

For Sale: $6,500,000

Property Type: Commercial Apartments
MLS#: 18407680

  • Building Size: 9276 SF
  • Lot Size: 7518 SF
  • Number of Units: 12
  • Number of Stories: 2
  • Year Built: 1959
  • Days on market: 186
  • Cap Rate: 3.72
  • Net Operating Income: $241,797
  • Gross Scheduled Income: $357,137
  • Rent Control: No
  • GRM: 17.65
  • Contact Listing Agent Direct:
  • Benjamin J. Hsiang, Realty Investment Advisors, In


Property Description

We are excited to present 914 7th Street! A charming property just 10 minutes from the beach! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, owner users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage! Do not miss this potential goldmine!


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914 7TH Street, Santa Monica, CA 90403

Based on information from California Regional Multiple Listing Service, Inc. as of December 31, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Benjamin J. Hsiang, Realty Investment Advisors, In

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