1117 6th Street

Santa Monica CA 90403

29535 sq. ft.

15019 sq. ft.

Other

Last sold for $9,500,000

Michael Sterman, last sold this property on 23 July 2026 after 329 days on market.

Overview

$347 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 42 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.

Features

36 bedrooms

45 bathrooms

42 carspaces

29535 sq. ft. floor area

15019 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 36 bedroom other properties sold in Santa Monica over the last 12 months.

Property history for 1117 6th Street

2026

Sold

$9,500,000

23 Jul 2026 by Michael Sterman, of Marcus & Millichap

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