Mixed-Use

6170 Santa Monica

6170 Santa Monica Blvd, Los Angeles, CA 90038

Listing Price: $900,000

Cap Rate
4.54%
Number of Units
3
Occupancy
100.0%
Price/Unit
$300,000
Price/Gross SF
$462.96
Gross SF
1,944

Investment Overview

THG Multifamily has been exclusively retained by Ownership to offer for sale 6170 Santa Monica (the “Property”), an 1,800 square foot commercial building located in the Hollywood submarket of Los Angeles. Attractively priced at $900,000, 6170 Santa Monica is 100% leased, providing investors with healthy cash flow and the strong prospects of value appreciation as Hollywood property values continue to grow.

Investment Highlights

  • The property has been owned by the same family for over 40 years.
  • Priced below $1,000,000, the property is an excellent price point for entry level investors looking to own cash flowing real estate in renowned Hollywood.
  • In-place Cap Rate of 4.54% with upside to a 5.74% based on bringing the retail to market rents.
  • Parking lot is currently being leased and generates $17,400 of income annually and a non-conforming residential unit occupies the upstairs.
  • Tech and digital media is a core driver of Hollywood's transformation and has proven to be recession proof as FAANG stocks break new records.
  • Land comparables suggest highest and best use may be to redevelopment the property.

Exclusively Listed By

Listing Price: $900,000

Cap Rate
4.54%
Number of Units
3
Occupancy
100.0%
Price/Unit
$300,000
Price/Gross SF
$462.96
Gross SF
1,944

Investment Highlights

  • The property has been owned by the same family for over 40 years.
  • Priced below $1,000,000, the property is an excellent price point for entry level investors looking to own cash flowing real estate in renowned Hollywood.
  • In-place Cap Rate of 4.54% with upside to a 5.74% based on bringing the retail to market rents.
  • Parking lot is currently being leased and generates $17,400 of income annually and a non-conforming residential unit occupies the upstairs.
  • Tech and digital media is a core driver of Hollywood's transformation and has proven to be recession proof as FAANG stocks break new records.
  • Land comparables suggest highest and best use may be to redevelopment the property.

Investment Overview

THG Multifamily has been exclusively retained by Ownership to offer for sale 6170 Santa Monica (the “Property”), an 1,800 square foot commercial building located in the Hollywood submarket of Los Angeles. Attractively priced at $900,000, 6170 Santa Monica is 100% leased, providing investors with healthy cash flow and the strong prospects of value appreciation as Hollywood property values continue to grow.

Exclusively Listed By

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