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1240 6th St
Santa Monica, CA 90401 Mid-City Santa Monica

$6,950,000

Loft Creative Space For Sale  •  4,046 Sq Ft

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 4,046 Sq Ft
  • Lot Size 0.17 ac
  • Building Class C
  • Year Built 1960
  • Cap Rate 3.80 %
  • Tenancy Single
  • Zoning C3YY
79 Transit Score
92 Walk Score

Description

1240 6th St – FOR SALE
4,046 Sq Ft Stand Alone Single Story Building on a 7,500 Sq Ft Lot.  Street to Alley
C3YY Zoning located in the Neighborhood Village (NV) part of Downtown Santa Monica
NV Zone offers Extremely Favorable Building Limits with Low Parking Requirements
.

Highlights

Prestigious Downtown Santa Monica in Highly Sought After NV Zone
Stand Alone 4,046 Sq Ft Office Building with Dedicated 8 Car Parking Lot
3.8 CAP based on rents of $30K per mo MG (actual)
Six Private Offices / One Conference Room / Two Bathrooms

Property Flyers

Financial Summary (Actual)

Net Operating Income: $211,869 (2019)
Cap Rate: 3.80 %
Total Expenses: $102,411

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Atrium
  • Controlled Access
  • Fenced Lot
  • Central Heating
  • High Ceilings
  • Natural Light
  • Plug & Play

Public Transportation

AirportDriveWalkDistance
Los Angeles International Airport 18 min - 9.0 mi
Bob Hope Airport 34 min - 22.9 mi
Long Beach-Daugherty Field Airport 39 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Drew Glickman 310-600-6208 GZ Commercial
Drew Glickman 310-600-6208 GZ Commercial