1122 9th St Santa Monica, CA 90403

$5,575,000
Santa Monica, CA   90403
0 Beds, 0.0 Baths, 0 sq ft, 7,477 sq ft lot, Built in 1969
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0 Beds,
0.0 Baths,
0 sq ft,
7,477 sq ft lot
Built in 1969

Description

MLS# SR19092041

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 Listed by Jared Levine, Keller Williams Realty Calabasas.

Description

MLS# SR19092041

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 Listed by Jared Levine, Keller Williams Realty Calabasas.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
COMMON WALLS: 1 Common Wall
POOL: None
LAUNDRY: Individual Room
Exterior Features
LOT: Park Nearby
Garage & Parking
PARKING SPACES: 15.00
GARAGE SPACES: 10.00
CARPORT SPACES: 5.00
Community
COMMUNITY: Sidewalks
UNITS TOTAL: 10
STORIES TOTAL: 2
Land
WATER: Public
LOT NUMBER: E
TRACT NUMBER: TBD
ZONE: SMR2*
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Nearby cities:    Beverly Hills    Culver City    Brentwood    El Segundo