1437 9th St - Apartments FOR SALE


Santa Monica, CA 90401- Pico
$4,500,000 USD
424-372-0507
1437 9th St, Santa Monica, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/5
null | 6.11% Cap Rate

1437 9th St
Santa Monica, CA 90401
Pico


HIGHLIGHTS

  • Courtyard and double lot multifamily property!
  • Great investment and development opportunity in Santa Monica!
  • Centrally located on the boarder of Mid-City and Downtown Santa Monica.
  • Immediate neighborhood hosts an array restaurants, coffee shops, fitness studios and boutiques.
  • Nearby access to Lincoln Blvd. and the 10 Freeway.

OVERVIEW

Amazing PRICE IMPROVEMENT!! Owner motivated to Sell! 1437-1443 9th St. Santa Monica -- First time to market in over 60 years! Beautiful, income generating 16-unit apartment complex spanning two lots in Santa Monica. The apartments in the complex open up to a large grass courtyard bathed in California sunshine. The spacious property also lends itself to a potential for development in the heart of Santa Monica. On the boarder of Downtown and Midcity Santa Monica, this complex is surrounded by restaurants and shops, and just minutes from the beach and 10 Freeway. Two parcels totaling: approximately ~14,990 square feet of land and ~6,480 square feet of building per the assessor. Two Separate APN's being sold together: 4282-026-014 & 4282-026-015. Showings: Inside with accepted offers, please do not disturb tenants. Expenses estimated and included estimated new property tax based on list price.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$694 USD /SF

# OF UNITS

16

PRICE/UNIT

$281,250

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,999 SF

ZONING

SMR3

APN/PARCEL ID

4282-026-014,4282-026-015

ASK ABOUT THIS PROPERTY

William DawsonSullivan-Dituri CompanyMore Info
424-372-0507

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

William DawsonSullivan-Dituri CompanyMore Info
424-372-0507

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