1117 6th Street, Santa Monica, CA 90403
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1117 6th Street,Santa Monica, CA 90403
$12,400,000
- 36 Beds
- 45 Baths
- 29,535 sq. ft.
- Multi-family
- Active
Listed by:michael sterman
Office:marcus & millichap
MLS#:25583817
Source:CRMLS
Price summary
- Price:$12,400,000
- Price per sq. ft.:$419.84
About this home
1117 6th Street presents a rare opportunity to acquire a well-located, 27-unit multifamily asset in the heart of Santa Monica, just three blocks from the beach and within walking distance to the world-renowned 3rd Street Promenade. Built in 1971 and offered for sale for the first time in over 40 years, the property spans approximately 29,535 square feet on a 14,800 square foot lot and offers an ideal unit mix for the local tenant base: nine (9) 1-bedroom/1-bath units, ten(9) 1-bedroom/1.5-bath units with dens, six (7) 2-bedroom/2-bath units, and two (2) 2-bedroom/2-bath units with dens. Many units feature spacious floorplans, ample closet space, and extra storage. The building has undergone recent capital improvements, including a new roof installed just two years ago and completed balcony inspections and repairs, reducing near-term capital needs. Residents enjoy 40 gated garage parking spaces, controlled-access entry, onsite laundry facilities, and an elevator, all of which enhance tenant convenience and retention. The property is attractively priced at under $420 per square foot, offering investors significant value relative to comparable assets in this supply-constrained coastal market. With stable in-place income and meaningful upside through interior renovations and tenant turnover, 1117 6th Street presents a compelling blend of immediate cash flow and long-term appreciation potential. Situated in one of Southern California's most desirable rental markets with walkable access to retail, dining, employment centers, and transit this asset is well-positioned for investors seeking a well-maintained building with growth potential.
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Home facts
- Year built:1971
- Listing Id #:25583817
- Added:1 day(s) ago
- Updated:August 28, 2025 at 12:23 AM
Rooms and interior
- Bedrooms:36
- Total bathrooms:45
- Living area:29,535 sq. ft.
Structure and exterior
- Year built:1971
- Building area:29,535 sq. ft.
- Lot area:0.34 Acres
Finances and disclosures
- Price:$12,400,000
- Price per sq. ft.:$419.84
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