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$3,550,000

Beds
18
sq ft
9,399

2319 6th St, Santa Monica, CA 90405

2319 6th St

Santa Monica, CA 90405

  • 11 days on market
We are pleased to offer for sale an incredible multi-family asset at 2319 6th Street in the heart of LA's famed beach City of Santa Monica. Originally built in 1965, the building boasts an ideal unit mix consisting of all large 1 & 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. There is massive rental upside and on-site parking for 15 cars (all soft story retrofit has been completed) as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath and (2) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. In close prozimity to popular Main Street and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

Details

Property type

Est. home value

$4,282,759

Lot size

0.2601 acres

Price per sq ft

$378

Year built

1965

HOA

No

Price History

12/11/2024
CLAW

CLAW #24471339

Listed
$3,550,000

Schools & Community

Neighborhood: 

Ocean Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

March 2017

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Commercial

Seller

Barry Court Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 8:45 AM

Listing updated: 12/19/2024 at 5:25 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24471339

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