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1901 6th Street, Santa Monica, CA 90405

Property Details

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1901 6th Street
Santa Monica, CA 90405

For Sale: $7,600,000

Property Type: Commercial Apartments
MLS#: AR18273616

  • Building Size: 14399 SF
  • Lot Size: 10195 SF
  • Number of Units: 16
  • Number of Stories: 3
  • Year Built: 1969
  • Days on market: 67
  • Cap Rate: 3.34
  • Net Operating Income: $253,944
  • Gross Scheduled Income: $401,727
  • Rent Control: No
  • GRM: 18.35
  • Contact Listing Agent Direct:
  • Handoko Chen, GIG Real Estate Inc.


Property Description

Ocean Park Apartments - 1901 6th St, Santa Monica. It is strategically located across the street from Santa Monica High School and just a block away from Santa Monica Civic Center (City Hall, Court, and police station). It is also steps away from Santa Monica beach and some of the best amenities in Santa Monica (Santa Monica Third Street Promenade, Santa Monica Pier). This asset offers the investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in Santa Monica. The property is a 16-unit apartment in the Ocean Park area of Santa Monica. The Ocean Park neighborhood is very unique in that it has one of the highest proportions of one, two, or no(studio) bedroom real estate of any neighborhood in America; it has a higher proportion of its residents employed as executives, managers, and professionals than 98.4% of the neighborhoods in American. This unique neighborhood’s characteristics translate to a younger tenant mix and higher mobility which is a desirable characteristic in any rent-controlled area. It has a strong demographic of $122,576 average household income within a 1-mile radius and has superb access to FWY 10, CA-1N (Pacific Coast Highway) and FWY 405. The property is a 3-story apartment that was built in 1969. It has a total of ±14,399 square feet building size and is situated on a ±10,195 square feet OP4 zoned lot. The units are situated on the 2nd and 3rd floor with secured parking garage on the ground level.


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1901 6th Street, Santa Monica, CA 90405

Based on information from California Regional Multiple Listing Service, Inc. as of January 7, 2019. 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: Handoko Chen, GIG Real Estate Inc.

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