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Multifamily

Constance Apartments

1042 6th St, Santa Monica, CA 90403

Listing Price: $4,450,000

Cap Rate
5.32%
Number of Units
16
GRM
10.80
Price/Unit
$278,125
Price/Gross SF
$449.49
Gross SF
9,900

Investment Overview

The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/ one-bathroom apartments and eight studios.
Nestled in the desirable Wilshire-Montana neighborhood of Santa Monica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific Ocean, just five blocks from the iconic Santa Monica Beach and Pier, offering residents easy access to miles of pristine coastline, recreational paths, and vibrant waterfront activities.

Investment Highlights

  • Prime Coastal Location: Just five blocks from Santa Monica Beach and Pier, with easy access to oceanfront recreation and stunning Pacific views.
  • Proximity to Upscale Amenities: Steps from Montana Avenue's boutique shopping and dining, and only three miles from Brentwood's luxury offerings.
  • Well-Maintained Asset: Decades of ownership with regular capital expenditures: Soft Story Seismic retrofit completed in 2020 and the installation of a new roof in 2021.

Exclusively Listed By

Multifamily

Constance Apartments

Listing Price: $4,450,000

Cap Rate
5.32%
Number of Units
16
GRM
10.80
Price/Unit
$278,125
Price/Gross SF
$449.49
Gross SF
9,900

Investment Highlights

  • Prime Coastal Location: Just five blocks from Santa Monica Beach and Pier, with easy access to oceanfront recreation and stunning Pacific views.
  • Proximity to Upscale Amenities: Steps from Montana Avenue's boutique shopping and dining, and only three miles from Brentwood's luxury offerings.
  • Well-Maintained Asset: Decades of ownership with regular capital expenditures: Soft Story Seismic retrofit completed in 2020 and the installation of a new roof in 2021.

Investment Overview

The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/ one-bathroom apartments and eight studios. Nestled in the desirable Wilshire-Montana neighborhood of Santa Monica, the property at 1042 6th Street benefits from exceptional proximity to the Pacific Ocean, just five blocks from the iconic Santa Monica Beach and Pier, offering residents easy access to miles of pristine coastline, recreational paths, and vibrant waterfront activities.

Exclusively Listed By

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