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1940 6Th St, Santa Monica, CA 90405
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1940 6Th St Santa Monica, CA 90405

$1,850,000
  • 4 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
For Sale
$1,850,000 Get Pre-Qualified
Map preview of 1940 6Th St, Santa Monica, CA 90405

Property Overview: 1940 6Th St Santa Monica, CA has 4 bedrooms, 4 bathrooms, 2,000 living square feet and 5,866 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Incredible Value-Add Opportunity - Will be Delivered With TWO VACANT Units, Giving Flexibility to a Buyer to Either Move in or Renovate to Achieve Top-Tier Rents. The Building is Situated on a 5,866 Square Foot Corner Lot and Features 8 Parking Spaces, In-Unit Washer and Dryers, and Patio Space. Priced at $462,500 Per Unit and a ProForma GRM of 14.38. Ideal For an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.

Listed by David Messiah | BRE #02117893 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 2
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Home details

Lot Sq. Ft
5,866
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24392937
City
Santa Monica
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,680
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,680
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,680
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,680
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,680
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,680
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.83
  • Gross Scheduled Income: --
  • Net Operating Income: $74,357
  • Gross Operating Income: $109,920
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1940 6Th St

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Property Details for 1940 6Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Paved
Property Information
  • Total # of Units: 4
  • Parcel Number: 4289004008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located West of Lincoln Blvd and South of Pico Blvd on the corner of Bay St and 6th St.
View more facts & features

Local Santa Monica Agent

Sale History for 1940 6Th St

View property's historical transactions

  • May, 2024

  • May 16, 2024

    Date

    Active

    CRMLS: 24392937

    $1,850,000

    Price

Tax History for 1940 6Th St

Assessed Value (2020): $333,006
Year Land Value Improved Value Assessed Value
2020 $214,296 $118,710 $333,006

Home Value Compared to the Market

This property vs the competition

1940 6Th St is listed 11.82% lower than the median list price for the city of Santa Monica which has a median list price of $2,098,000. The median price per/sqft for Santa Monica is $1,229 and this home is listed at $925 per/sqft which puts the price per square foot 24.74% lower than the median price per square foot for the city of Santa Monica.

About 1940 6Th St

Detailed summary of property

1940 6Th St is a multi family located in Santa Monica, CA 90405 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 5,866 square foot lot. 1940 6Th St was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $1,850,000. The median priced home in Santa Monica is $2,098,000 with a median price per square foot of $1,229. Based on Ardent Real Estate Group's Santa Monica Market Data, this home is listed 11.82% lower than the median priced home. Local competing homes currently for sale include 10515 Tabor St, 3640 Jasmine Ave and 8430 Fordham Rd. While the average home in Santa Monica, CA is selling in 119 days, 1940 6Th St has a days on market of 2 days. There are currently 256 homes for sale in the Santa Monica real estate market and 97 of them are single family homes while 118 of them are condos and 41 are townhomes. For more information on this home for sale at 1940 6Th St Santa Monica, CA 90405 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Monica agents.

Public Facts for 1940 6Th St

Public county record property details
Beds
4
Baths
4
Year built
1955
Sq. Ft.
2,000
Lot Size
5,865
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
40
APN
4289-004-008

The source for these homes facts are from public records.

90405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,030,000
Median List Price/Sq.Ft.
$1,185
Median Sold Price
$1,840,000
Median Sold Price/Sq.Ft.
$1,184
Total Inventory
70
Median Sale to List Price %
102.28%
Avg Days on Market
26
Loan Type
Conventional (5.88%), FHA (0%), VA (0%), Cash (11.76%), Other (11.76%)

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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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