1047 9th St - Apartments FOR SALE


Santa Monica, CA 90403
$2,900,000 USD
310-466-7809
1047 9th St, Santa Monica, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/21
null | 4.4% Cap Rate

1047 9th St
Santa Monica, CA 90403


HIGHLIGHTS

  • Each residence is recently renovated
  • Potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year

OVERVIEW

Discover the hidden gem of 1047 9th St, nestled in a picturesque and tranquil abode that exudes charm and history. With three distinct bungalows situated within one lot, this property offers a rare opportunity for both serenity and investment potential. Each residence has been recently updated and offers a generous outdoor area, providing residents with the opportunity to unwind and enjoy the beauty of their surroundings. Equipped with two parking spaces per residence and the capacity for electric car charging, alongside laundry facilities in every home, this property seamlessly combines modern amenities with timeless appeal. Furthermore, 1047 9th St presents an enticing opportunity for value addition. With the potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year, all while preserving the historic integrity of the property. Embrace the allure of this historic treasure, where charm meets opportunity, offering a truly unique investment prospect in a coveted locale.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

3

PRICE/UNIT

$966,667

CAP RATE

4.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1047 9th St, Santa Monica

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

SMR2*

APN/PARCEL ID

4281-029-014

ASK ABOUT THIS PROPERTY

Donald HellerAKG | Christie's International Real EstateMore Info
310-466-7809

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Donald HellerAKG | Christie's International Real EstateMore Info
310-466-7809

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.