854 9th St - Apartments FOR SALE


Santa Monica, CA 90403
$4,125,000 USD
310-968-5303
854 9th St, Santa Monica, CA for Sale
$4,125,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

854 9th St
Santa Monica, CA 90403


HIGHLIGHTS

  • 10 units ideally located in a premier “North of Wilshire” Santa Monica location
  • Just steps away to the heart of the retail hub of Montana Avenue
  • Fantastic unit mix of all very large 2-bedroom and 1-bedroom floor plans
  • Incredible rental upside
  • Ample on-site parking
  • In close proximity to the beach, downtown Santa Monica, and high-end dining and shopping of Montana Avenue

OVERVIEW

Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredible multifamily asset located at 854 9th Street in the heart of LA’s famed beach city of Santa Monica. Originally built in 1968, the building boasts an incredible unit mix consisting of all very large 2-bedroom and 1-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured entrance, ample on-site parking, as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath units and (2) 1-bed, 1-bath units. Many of the interiors have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature charming built-ins and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor’s portfolio. A quick stroll to Montana Avenue, downtown Santa Monica, and the beach, thisproperty is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 854 9th Street gives buyers the unique opportunity to own a generational asset in one of LA’s most prized and coveted locations.

FOR SALE DETAILS

PRICE

$4,125,000 USD

PRICE/SF

$410 USD /SF

# OF UNITS

10

PRICE/UNIT

$412,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

80% Two Bedroom Units Steps to Montana Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,497 SF

ZONING

R3, Santa Monica

APN/PARCEL ID

4281-032-011

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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