x
Waterfront
Address
1122 9th Street Santa Monica, CA
Price
$ 5,575,000
Property Attributes
  • MLS#SR19092041
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90403
  • Style
  • Price$ 5,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10352
  • Lot Size7,475 SqFt
Listing Provided Courtesy Of:
Jared Levine with Keller Williams Realty Calabasas.
Property Description

9th Street is a wonderful 10 unit apartment building located in the highly desirable Wilshire - Montana neighborhood of Santa Monica just north of Wilshire Blvd. An excellent unit mix of (80%) two bedrooms and large building foot print of over 10,300 SF (for 10 units) positions 9th Street to be able to potentially achieve excellent market rents post renovation. The strong in place income (17.52 GRM / 3.82% CAP on Current), future potential upside (12.61 GRM / 5.98% CAP at Market), and prime location surrounded by (restaurants, shops, landmarks, parks, schools, beaches, and hospitals) makes this stand out as a truly special offering. Santa Monica is a beachfront city in western Los Angeles County, California, United States. Situated bordered on three sides by the city of Pacific Palisades to the north, Brentwood on the northeast, West Los Angeles on the east, Mar Vista on the southeast, and Venice on the south. Due in part to an agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism. 3rd Street Promenade - .7 Miles away | St. John's Hospital - 1.4 Miles | Santa Monica College - 1.7 Miles | Silcon Beach / Expo Line

Price History
4/23/2019 Listed $5,575,000

General Features

Attached Structure Attached
Community Features Sidewalks
Directions Wilshire - Turn Left onto 9th Street - Building on Left handside
Levels Two
Listagentaor Southland
Listing Agent Jared Levine - BRE#01804008
Listing Agent State License 01804008
MLS Area C14 - Santa Monica
Price Per Square Foot 538.54
Property Attached Y/N Yes
Source System CRMLS
Total Units 10
Zoning SMR2*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Special Listing Conditions Standard
Building Area Total 10352.00
Carport Spaces 5.00
Garage Spaces 10.00
Lot Features Park Nearby
Lot Size Acres 0.1716
Lot Size Area 7477.0000
Lot Size Source Assessor
Lot Size Square Feet 7477.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 10
Number of Separate Gas Meters 10
Number of Separate Water Meters 1
Pool Features None
Sewer Public Sewer
Total Parking 15.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90403

Price
AVG $5.06M
$5.58M
Visits
AVG 60
133
Year Built
AVG 1946
1969
Walkscore
AVG 87
88
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.