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1540 7Th Street, Santa Monica, CA 90401 (MLS # 21748066)

Price $6,750,000
Status Active
Beds 0
Baths 0 Bath
Home size 9,434 sqft
Lot Size 7,406 sqft
Days on Market 177
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.
Property Type(s): Residential Income
Last Updated 11/18/2021 Year Built 1986
Community Santa Monica County Los Angeles

Price History

Prior to Jul 15, '21 $8,295,000
Jul 15, '21 - Oct 21, '21 $7,500,000
Oct 21, '21 - Today $6,750,000

Additional Details

AREA Santa Monica
GARAGE Covered
LOT 7502 sq ft



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Listing provided by : Filip Niculete CalDRE: 01905352 | 818-212-2817, Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of 12/4/21 3:36 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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