1850-1856 9th St - Apartments FOR SALE


Santa Monica, CA 90404
$3,125,000 USD
310-801-3442
1850-1856 9th St, Santa Monica, CA for Sale
$3,125,000 USD
Apartments - FOR SALE
1/13
null | 4.68% Cap Rate

1850-1856 9th St
Santa Monica, CA 90404


HIGHLIGHTS

  • Double Lot
  • Two Units to be delivered vacant
  • Parklike Grounds
  • Value Add Opportunity

OVERVIEW

Back on the Market! Just 9 Blocks from the Beach! An exceptional investment opportunity awaits with this value-added property in Santa Monica’s desirable Sunset Park neighborhood. Located on a double lot totaling 14,515 sq. ft., this 7-unit complex offers flexibility for both investors and owner-users. The two properties—1850 9th Street with 3 units and 1856 9th Street with 4 units—are available for acquisition separately, with two units delivered vacant for immediate use. The location is ideal, on a charming, tree-lined street just one block from an array of shopping, dining, and entertainment options, and a mere 9 blocks from the beach. The grounds feature lush, park-like landscaping that is rare to find in this urban area, providing a peaceful retreat for residents. Property Highlights: 1850 9th Street: Situated on a 7,232 sq. ft. lot, this building includes three 1-bedroom, 1-bathroom units. Zoned R2. Value Add Opportunity - Owner Occupied Exemption (triplex) 1856 9th Street: Located on a 7,283 sq. ft. lot, this 4-plex includes two 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, with the rear 2-bedroom unit featuring an attached garage. Immediate Occupancy: One 1-bedroom unit from each property will be delivered vacant, allowing for owner-occupancy or lease-up flexibility. Expansion Potential: Large, open area at the rear of the property provides ample room for additional parking, ADU construction, or other enhancements. This property offers a rare combination of beachside proximity, low-density, and expansion potential in one of Santa Monica’s most desirable neighborhoods. Don’t miss out on this unique investment opportunity!

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$2,076 USD /SF

# OF UNITS

7

PRICE/UNIT

$446,429

CAP RATE

4.68%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14,515 SF Double Lot -2 unit delivered vacant

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,375 SF

ZONING

SMR2*

APN/PARCEL ID

4283-020-030,4283-020-031

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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