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1837 9Th St

Santa Monica, CA 90404
  • $2,025,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 21-789318
Price Reduced
$2,025,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,970
    SQFT
  • $682
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Welcome to an incredible investment opportunity. Whether you are looking for upside in rent or a potential development property, you will have it all here! This 6-unit property is located on a 7500 square foot lot in a prime area of coveted Santa Monica. The 6-units include two separate buildings. The front building consists of (2) one-bedroom apartments, one with an enclosed front yard and with an in-unit W/D. The back building consists of four upstairs units, which include (2) one-bedroom units and (2) studio units located above 4 one-car garages. Additional income of $750 from individually rented garages. The beautiful tree lined street is wide and inviting for a secluded neighborhood walk while maintaining the allure of access to many of the popular Santa Monica attractions. With easy freeway access and a central Santa Monica location, this beautiful property offers any type of investor an incredible opportunity for financial growth. Sale is subject to a 1031 exchange. Property is fully occupied; showings with accepted offer only. Please do not disturb tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. 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.
www.theparsonsrealestateteam.com/homes/121914841
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1837 9Th St Santa Monica, CA 90404

  • Price: $2,025,000
  • Status: Active
  • ID#: 21-789318
4
Beds
0
Baths
0
½ Baths
0.17
Acres
2,970
SQFT
$682
$/SQFT
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Welcome to an incredible investment opportunity. Whether you are looking for upside in rent or a potential development property, you will have it all here! This 6-unit property is located on a 7500 square foot lot in a prime area of coveted Santa Monica. The 6-units include two separate buildings. The front building consists of (2) one-bedroom apartments, one with an enclosed front yard and with an in-unit W/D. The back building consists of four upstairs units, which include (2) one-bedroom units and (2) studio units located above 4 one-car garages. Additional income of $750 from individually rented garages. The beautiful tree lined street is wide and inviting for a secluded neighborhood walk while maintaining the allure of access to many of the popular Santa Monica attractions. With easy freeway access and a central Santa Monica location, this beautiful property offers any type of investor an incredible opportunity for financial growth. Sale is subject to a 1031 exchange. Property is fully occupied; showings with accepted offer only. Please do not disturb tenants.
Exterior Features

Lot Size Area 7496 Other Structures None Parking Garage DrivewayGarage - 1 Car Total Parking 4

Interior Features

Baths Total 6.00 Cooling None Equipment Range/OvenGarbage Disposal Flooring Laminate Heating Wall

Property Features

Assessed Total Value 110911 Gross Income 111195 Gross Operating Income 107859 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 2 Net Operating Income 92000.00 Number Of Buildings 2 Number Of Units 6 Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 19195 Type Of Units Apartments Zoning Smr2*

Listing provided courtesy of Nicholas Galvan DRE#01462572 of Keller Williams Beach Cities.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. 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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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101