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    1540 7Th Street

    Santa Monica, CA 90401
    • $7,500,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: 21748066
    UPDATED: 123 min ago
    $7,500,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    We are proud to present this significant price reduction for 1540 7th Street in Downtown Santa Monica, California. Built in 1986 and renovated in 2006, this 9,434 SF mixed-use property consists of both office and multi-family units, with the potential for future redevelopment, highlighted in the Downtown Santa Monica Specific Plan.1540 7th Street is currently laid out as a three-story creative office/live-work building, comprising of 8 units in total. The building is zoned SMC3*/TA (Transit Adjacent), and has a parking ratio of approximately 2.00/1,000 SF, secured through a private garage. The building is currently 50% occupied with three vacant office units totaling 4,715 SF. All Tenants are on month-to-month leases, giving an investor or owner/user the opportunity to quickly add value or run their business while obtaining historically low financing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/118168122
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    1540 7Th Street Santa Monica, CA 90401

    • Price: $7,500,000
    • Status: Active
    • Updated: 123 min ago
    • ID#: 21748066
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1986
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are proud to present this significant price reduction for 1540 7th Street in Downtown Santa Monica, California. Built in 1986 and renovated in 2006, this 9,434 SF mixed-use property consists of both office and multi-family units, with the potential for future redevelopment, highlighted in the Downtown Santa Monica Specific Plan.1540 7th Street is currently laid out as a three-story creative office/live-work building, comprising of 8 units in total. The building is zoned SMC3*/TA (Transit Adjacent), and has a parking ratio of approximately 2.00/1,000 SF, secured through a private garage. The building is currently 50% occupied with three vacant office units totaling 4,715 SF. All Tenants are on month-to-month leases, giving an investor or owner/user the opportunity to quickly add value or run their business while obtaining historically low financing.
    Exterior Features

    Parking Features Covered

    Property Features

    Gross Income 370470 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 216315 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Smc3*

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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    The DeBonis Team | Realty Masters & Associates
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