NOT LISTED FOR SALE
13 Beds
13 Baths
7,764 Sq Ft
7,496 Sq Ft Lot

Sale Details

Date Sold: November 25, 2024

Last sale price $4,314,420 $556 Per Sq Ft

66 Days on Market

Highlights

  • Central Heating and Cooling System
  • Roosevelt Elementary School Rated A+
  • 3-minute walk to Christine Emerson Reed Park

About This Home

As of November 2024

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 & 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, an 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 and (2) 2-bed, 2-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC(select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to downtown Santa Monica, Montana Avenue, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 1019 6th Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 09/03/2024

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,496 Sq Ft Lot

Interior Spaces

  • 7,764 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Parking

  • 11 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4292-006-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

7,496 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7764
  • Lot Acreage: 0.1721
  • Probate: No
  • Stories: 2
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Laundry Equipment: Own
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 573.16

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Cooling: Window Unit(s), Central
  • Heating: Central, Wall

Lot Info

  • Assessed Improvement Percent: 28.36
  • Assessed Improvement Value: 661238
  • Assessed Land Percent: 71.64
  • Assessed Land Value: 1670514
  • Total Assessed Value: 2331752
  • Assessor Parcel Number: 4292-006-018
  • Lot Size Area: 7496

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.85
  • Number Of Units: 10
  • Rent Control: 100
  • Type Of Units: 2s,1s

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Nov 14, 2024
Sold by
Bought by
Seller's Agent
Jonathan Taksa
Remax Commercial and Investment Realty
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$4,450,000
Sold Price
$4,314,420
Premium/Discount to List
-$135,580
-3.05%
Views
11

Purchase Details

Closed on
Jun 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
6.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 18, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wilshire Montana, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,314,500 Lawyers Title Company
-- Lawyers Title Company
-- None Available
-- Accommodation
-- Accommodation
$1,675,000 Fidelity National Title Co
$660,000 Guardian Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,157,250
Previous Owner $1,100,000
Previous Owner $1,250,000
Previous Owner $1,175,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/25/2024 11/25/24 Sold $4,314,420 -3.0% $556 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $4,450,000 -- $573 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,085 $4,314,400 $3,300,000 $1,014,400
2024 $29,410 $2,378,386 $1,703,924 $674,462
2023 $28,952 $2,331,752 $1,670,514 $661,238
2022 $28,597 $2,286,032 $1,637,759 $648,273
2021 $27,875 $2,241,209 $1,605,647 $635,562
2019 $27,415 $2,175,056 $1,558,024 $617,032
2018 $25,763 $2,132,415 $1,527,475 $604,940
2016 $24,734 $2,049,305 $1,468,162 $581,143
2015 $24,421 $2,018,523 $1,446,109 $572,414
2014 $24,136 $1,978,984 $1,417,782 $561,202
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-434419

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.