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.

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Additional Information
Marcus & Millichap
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CLW-C112897
CLW-X75151
Filip
4291023006
: Standard
32

Multi-Family For Sale

1540 7Th Street, Santa Monica, California 90401

9,434 Sqft
$7,500,000
Listing ID #21748066
Basic Details
Status : Active
DaysOnMarket : 34
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21748066
Price : $7,500,000
Living Area : 9,434 Sqft
Lot Size : 7,502 Sqft
Year Built : 1986
Country : US
State : California
County : Los Angeles
City : Santa Monica
Zipcode : 90401
Price Per Square Foot : $795
ModificationTimestamp : 2021-07-15 16:14:40
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