1540 7th St, Santa Monica, CA 90401

$7,500,000
9,434
SqFt
List Price
$7,500,000
Price Change
▼ $795,000 1626406924
MLS#
21-748066
Year Built
1986
Living Sq. Ft
9,434
Lot Size
7,502
Days on Market
109
Property Type
Multifamily

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.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
Number of Cars in Garage
Covered Parking

Mortgage Calculator

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Courtesy of , Filip Niculete - CA DRE#

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