Properties

Santa Monica, CA 90403 1117 6th Street

1117 6th Street Santa Monica, CA - Image 11117 6th Street Santa Monica, CA - Image 21117 6th Street Santa Monica, CA - Image 3
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Presented By: Michael Sterman with Marcus & Millichap;
  • MLS# 25583817
  • 08/27/2025
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  • Beds • 36
  • Baths • 9
  • SQFT • 29,535

Home Details

$373 PER SF- NORTH OF WILSHIRE. 1117 6th Street presents a rare opportunity to acquire a well-located, 27-unit multifamily asset in the heart of Santa Monica, just six blocks from the beach and three blocks 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 $373 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 access to retail, dining, employment centers, and transit this asset is well-positioned for investors seeking a well-maintained building with growth potential.
Presented By: Michael Sterman with Marcus & Millichap;

Interior Features for 1117 6th Street

Bedrooms

Total Bedrooms36

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths45

Other Interior Features

Total Stories3

General for 1117 6th Street

Cap Rate5.19
CitySanta Monica
CountyLos Angeles
DirectionsOn 6th St between California Ave and Wilshire Blvd
Full Baths
Gross Income938424
HOANo
LevelsMulti/Split
Living Area29535
Lot Size Square Feet15019
Lot Size UnitsSquare Feet
MLS AreaC14 - Santa Monica
Net Operating Income571107
New ConstructionNo
Number Of Units Total27
PostalCitySANTA MONICA
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1971
ZoningSMR2*

Exterior for 1117 6th Street

Building Area Total29535
Lot Dimensions100x150
Lot Size Acres0.3448
Lot Size Area15019
Number of Buildings1
Parking FeaturesGated
Total Parking40

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $10,995,000
MLS#25583817
List Date 08/27/2025
Property Type Multi-Family
Phone 888.795.6274
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