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1136 W 6Th St, Los Angeles, CA 90017
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1136 W 6Th St Los Angeles, CA 90017

$17,500,000 Sold Price as of 03/29/2023
  • 52 Beds
  • 53 Baths
  • 45,138 Sq.Ft.
Sold
$17,500,000 Sold Price as of 03/29/2023 Refinance Your Mortgage
Map preview of 1136 W 6Th St, Los Angeles, CA 90017

Property Overview: 1136 W 6Th St Los Angeles, CA has 52 bedrooms, 53 bathrooms, 45,138 living square feet and 10,751 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to acquire The Mint, a 42-unit luxury-boutique apartment community, not subject to Los Angeles city rent control, located in the highly desirable City West neighborhood of DTLA. The Property underwent an expansive renovation in 2016, costing over $12 million. The renovation includes expansive system upgrades such as electrical, plumbing, roof, elevator, and new windows along with extensive foundation, seismic retrofit work, and structural upgrades. The Property is equipped with numerous amenities including a fitness center, a rooftop terrace with sweeping city views and a grill, a business center, a game room, lounges, key-fob controlled access, and more. The Property features a strong unit mix of spacious and beautifully designed units including (8) studios, (16) 1+1, (7) 2+1 and (11) 2+2 units. interiors include 9' to 10' ceilings heights, open floor plans, in-unit washer and dryers, in-unit security systems, central air conditioning, and more. All units include luxury finishes, stainless steel appliances, beautifully designed kitchens and bathrooms, stone countertops and tile backsplashes, and exposed concrete walls and polished concrete floors. Additionally, the Property has potential to qualify for tax abatements under the Mills Act, which will reduce the overall annual tax burden. The Property boasts a 95 out of 100 Walk Score "A Walker's Paradise" and a 99 out of 100 Transit Score "A Rider's Paradise." Tenants are in an amenity rich location and are conveniently within walking distance to an array of critically acclaimed restaurants, trendy bars and nightlife, shops, and entertainment venues. Also, the Property is centrally located 5 blocks from the Downtown Financial District, one of Los Angeles' most dominant employment hubs, and tenants. The Mint represents a rare opportunity for an investor to acquire a turnkey, fully renovated boutique apartment community in one of the strongest and most vibrant markets in Los Angeles.

Listed by Janet Neman | BRE #01069127 | Kidder Mathews of California, Inc.
Last checked: 6 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
10,751
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23233291
City
Los Angeles
County
Los Angeles
Time on Site
611 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 42
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $16,440
  • Pro Forma/Market Rent: $18,580
Unit Breakdown 2
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,489
  • Total Rent: $39,821
  • Pro Forma/Market Rent: $43,860
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,772
  • Total Rent: $19,403
  • Pro Forma/Market Rent: $20,385
Unit Breakdown 4
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,893
  • Total Rent: $31,820
  • Pro Forma/Market Rent: $33,785
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.73%
  • Gross Rent Multiplier: 13.18
  • Gross Scheduled Income: --
  • Net Operating Income: $897,899
  • Gross Operating Income: $1,398,222
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1136 W 6Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 42
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 42
  • Parcel Number: 5143024015
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Situated at the corner of W 6th Street and Lucas Ave, One Block North of Wilshire Blvd, and West of S Bixel Street
View more facts & features

Local Los Angeles Agent

Sale History for 1136 W 6Th St

Last leased for $2,195 on September 1st, 2024

  • September, 2024

  • Sep 1, 2024

    Date

    Leased

    CRMLS: TR24131189

    $2,195

    Price

  • Jun 26, 2024

    Date

    Active

    CRMLS: TR24131189

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • August, 2024

  • Aug 1, 2024

    Date

    Expired

    CRMLS: TR24030363

    $2,150

    Price

  • Feb 12, 2024

    Date

    Active

    CRMLS: TR24030363

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • July, 2024

  • Jul 10, 2024

    Date

    Leased

    CRMLS: TR24131201

    $2,950

    Price

  • Jun 26, 2024

    Date

    Active

    CRMLS: TR24131201

    $2,950

    Price

  • Listing provided courtesy of CRMLS

    PENTHOUSE UNIT AVAILABLE FOR RENT!! ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • July, 2024

  • Jul 1, 2024

    Date

    Expired

    CRMLS: TR24057623

    $2,395

    Price

  • Mar 22, 2024

    Date

    Active

    CRMLS: TR24057623

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    PENTHOUSE UNIT AVAILABLE FOR RENT!! ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2024

  • Mar 30, 2024

    Date

    Expired

    CRMLS: TR23052649

    $2,695

    Price

  • Mar 30, 2023

    Date

    Active

    CRMLS: TR23052649

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    (MOVE-IN SPECIAL RENT RATE at $1,900 for 1st - 4 Months then on Month 6, Rent Rate adjusts to $2,695 !!) * 1 MONTH FREE RENT + 4 MONTHS MOVE-I SPECIAL DISCOUNT RENT RATE * Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2024

  • Mar 29, 2024

    Date

    Expired

    CRMLS: TR23052630

    $2,095

    Price

  • Mar 30, 2023

    Date

    Active

    CRMLS: TR23052630

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    (MOVE-IN SPECIAL RENT RATE at $1,500 for 1st - 4 Months then on Month 6, Rent Rate adjusts to $2,095 !!) * 1 MONTH FREE RENT + 4 MONTHS MOVE-I SPECIAL DISCOUNT RENT RATE * Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2024

  • Mar 19, 2024

    Date

    Leased

    CRMLS: TR24011280

    $2,700

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: TR24011280

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2024

  • Mar 19, 2024

    Date

    Leased

    CRMLS: TR24011286

    $2,800

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: TR24011286

    $2,575

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2024

  • Mar 1, 2024

    Date

    Leased

    CRMLS: TR24011272

    $2,000

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: TR24011272

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • February, 2024

  • Feb 12, 2024

    Date

    Leased

    CRMLS: TR24011277

    $2,100

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: TR24011277

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    ** BEST DEAL ON THE MARKET !! TWO MONTHS (2) FREE RENT BASED ON 14 MONTHS LEASE TERM. FREE RENT WILL APPLY TO 1ST AND LAST MONTH. Welcome to The Mint. A classic 1920s building transformed into a boutique apartment community in the heart of the city. Entire Building was fully renovated in 2016. Mixed with Studio, 1 Bedroom and 2 Bedrooms Units. Update Kitchen and Bathroom. Polished Concrete Flooring. All Appliances are Included. A collection of 42 modern apartment flats that blend early-century details and designer features for a home of distinct character and comfort just steps from the energy of downtown. The Mint- Luxury Living This is where yesterday blends with tomorrow and home is reinvented. Exceptionally modern interiors mix with an authentic historic character for timeless living.

  • March, 2023

  • Mar 29, 2023

    Date

    Sold

    CRMLS: 23233291

    $17,500,000

    Price

  • Jan 17, 2023

    Date

    Active

    CRMLS: 23233291

    $19,000,000

    Price

  • April, 2022

  • Apr 13, 2022

    Date

    Active

    CRMLS: 22189761

    $20,975,000

    Price

  • Listing provided courtesy of CRMLS

    CBRE, as exclusive agent, is pleased to present for sale The Mint Apartments, a classic 1920's 8-story 42-unit building transformed into a boutique apartment community, not subject to Los Angeles City rent control, located in the City West neighborhood of Downtown Los Angeles, California. Built in 1923 and extensively renovated at a cost of over $12 million in 2016, The Mint combines architecturally distinct aesthetically pleasing exterior elements with modern interior unit designs that feature ample natural light, polished concrete floors, and spectacular city views.

  • September, 2016

  • Sep 20, 2016

    Date

    Sold (Public Records)

    Public Records

    $17,300,000

    Price

  • December, 2013

  • Dec 17, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,492,014

    Price

Show More

Tax History for 1136 W 6Th St

Assessed Value (2020): $18,196,944
Year Land Value Improved Value Assessed Value
2020 $3,608,107 $14,588,837 $18,196,944

Home Value Compared to the Market

This property vs the competition

1136 W 6Th St sold on March 29, 2023 for 1596.43% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $420.93 per/sqft which puts the price per square foot 41.86% lower than the current median sale per square foot for the city of Los Angeles.

About 1136 W 6Th St

Detailed summary of property

1136 W 6Th St is a multi family that recently sold in Los Angeles, CA 90017. This multi family property offered 52 bedrooms, 53 bathrooms, roughly 45,138 living square feet, and sits on an approximately 10,751 square foot lot. 1136 W 6Th St was first listed on ArdentRealEstateGroup.com on January 17, 2023. The homeowner sold the property for $17,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1596.43% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 106 days, 1136 W 6Th St has a days on market of 44 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1136 W 6Th St Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1136 W 6Th St

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
45,138
Lot Size
10,751
Stories
--
Type
Highrise Apartments
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5143-024-015

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$747
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$538
Total Inventory
100
Median Sale to List Price %
96.43%
Avg Days on Market
87
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 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.

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