914 7th St

$6,500,000, 16 Beds 14 Baths 9,276 Sqft

About This Property

We are excited to present 914 7th Street! A charming property just 10 minutes from the beach! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, owner users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage! Do not miss this potential goldmine!

Essential Information

MLS® #18407680
Price$6,500,000
Bedrooms16
Bathrooms14.00
Square Footage9,276
Acres0.00
Year Built1959
TypeResidential Income
Sub-TypeApartment Building
StatusActive

Community Information

Address914 7th St
AreaSanta Monica (C14)
CitySanta Monica
CountyLos Angeles
StateCA
Zip Code90403

Amenities

Parking Spaces18

Interior

AppliancesNone
CoolingOther
# of Stories2

Additional Information

Date ListedNovember 14th, 2018
Days on Market27
ZoningSMR2*
HOA Fees0.00

Listing Details

AgentBenjamin J. Hsiang(02063191)

Office

Realty Investment Advisors, Inc.

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Listing information last updated on December 12th, 2018 at 3:55am PST.

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