$4,450,000
1042 6th Street, Santa Monica CA 90403
Multi-Family (16 Units)
Property type
84 days
On market
$449
Price per sqft
N/A
Garage
1963
Year built
11,273 sqft
Lot size
Open Houses
Overview
The property at 1042 6th Street in Santa Monica, CA 90403, is a well-positioned 16-unit multifamily building constructed in 1963, offering a balanced unit mix of eight one-bedroom/one-bathroom apartments and eight studios. Spanning approximately 9,900 square feet on a generous 0.26-acre lot, this two-story community has been meticulously maintained through decades of dedicated...
Listing provided by: Jeffrey Louks DRE #00908473 818-212-2780, Marcus & Millichap
Listing updated: Mar 20, 2026 at 07:20am.
Last checked: Jun 5, 2026 at 07:31pm
Source: CRMLS #26664259
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 0 | 1 | — | $1,745 | $13,964 | $16,800 | Unfurnished |
| 8 | 1 | 1 | — | $2,535 | $20,281 | $23,600 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Refrigerator: 16
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
5.32%
NOI / List Price
Net Operating Income: $236,812
Interior
Heating: Wall Furnace
Appliances: Microwave, Refrigerator
Exterior
Stories Total: 0
Levels: Two
Garage and Parking
Parking: Assigned
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4292011026
Zoning: SMR2*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1042 6th Street, Santa Monica, CA 90403. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,560,000
Total Interest
$4,540,584
Total Payment
$8,100,584
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$27,287
per month
Property History for 1042 6th Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90403.
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