1122 9th Street

    Santa Monica, CA 90403
    • $5,575,000
    • STATUS: Active
    • ON SITE: 174 days
    • ID#: SR19092041
    UPDATED: 11 min ago
    $5,575,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,352
      SQFT
    • $539
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/93967297

    1122 9th Street Santa Monica, CA 90403

    • Price: $5,575,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: SR19092041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    10,352
    SQFT
    $539
    $/SQFT
    1969
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    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
    Exterior Features

    Carport Spaces 5.00 Garage Spaces 10.00 Lot Features Park Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Total 15.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 317030.00 Gross Scheduled Income 317030.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 213207.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 95476.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 95476.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Jared Levine of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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