Just Reduced! 4.66 CAPRate and 14.43 grm north of wilshire ! We are pleased to offer for sale an incredible multifamily asset located at 1019 6th Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1956, the building boasts an ideal unit mix consisting of all large 1 and 2-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking (soft story retrofit has been completed), all copper plumbing, a newer roof, as well as an on-site laundry facility. The unit mix includes (7) 1-bed, 1-bath units…
Full description
Protect Yourself FromRental Scams
While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
The average household income in
Santa Monica, CA
grew
from
$82,123
to
$86,084
in the past year. This data is an estimate based upon
46,358
households in
Santa Monica, CA. The chart below presents how household income is distributed in
Santa Monica, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Santa Monica, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Santa Monica, CA
equals
$3k+
, which is
more
than the national average.