Address
1540 7Th Street Santa Monica, CA
Price
$ 7,500,000
Property Attributes
  • MLS#21748066
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90401
  • Style
  • Price$ 7,500,000
  • Bedrooms6
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage9434
  • Lot Size7,502 SqFt
Listing Provided Courtesy Of:
Filip Niculete with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
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.

Price History
6/11/2021 Listed $8,295,000
7/16/2021 10% - $7,500,000

General Features

Listing Agent Filip Niculete - BRE#01905352
Listing Agent State License 01905352
MLS Area C14 - Santa Monica
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 8
Zoning SMC3*

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7502
Lot Size Square Feet 7502
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90401

Price
AVG $7.5M
$7.5M
Visits
AVG 29
28
Year Built
AVG 1986
1986
Walkscore
AVG 91
91
Data Provided by Walkscore ® not using MLS data

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