10
See all 10 photos
$3,500,000
Est. payment /mo
8,098 SqFt
New
1118 9th Street Santa Monica, CA 90403
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,098 sqft
Price per Sqft $432
MLS Listing ID CL25578645
HOA Y/N No
Year Built 1967
Lot Size 7,520 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations- a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and morethis asset is also a short walk to Montana Avenue's upscale boutiques and cafs (like La La Land Kind, Primo Passo, and Le Caf de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. First time on the market in 50 years.
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4281035004
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Listed by Benjamin Lewin • Marcus & Millichap
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289