1738 9th St Santa Monica, CA 90404
Active
$3,700,000
5 Units
9 Beds
10 Baths
4,516 Area(sq.ft.)
8,179 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 3 | 2.50 | No | $ 6,500 | $ 6,500 | $ 7,000 |
| Unit 2 | 1 | 1 | 1.50 | No | $ 3,600 | $ 3,600 | $ 3,850 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,995 | $ 2,995 | $ 3,500 |
| Unit 4 | 1 | studio | 1 | No | $ 2,995 | $ 2,995 | $ 3,250 |
| 4 | 5 | 8 | 10 | $ 22,590 | $ 22,590 | $ 24,600 |
| MLS #: | 24-463349 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 819 |
| Price per unit: | $ 740,000 |
| Year Built: | 2024 |
Property Details
We are pleased to present our newest exclusive listing in Santa Monica. This 5 unit property is EXTENSIVELY renovated both on the interiors and exterior. The three charming units in the front have been extensively renovated with new quartz and custom tile kitchens, stainless steel appliances, tiled bathrooms, and new flooring throughout. The back two XXL Townhomes are brand new construction boasting large three bedroom floorplans. The building is solar powered, includes private patios and private balconies with mountain views, and has washer and dryer hookups. Additionally there are a total 11 parking spots which consist of 4 garage spots, 4 partially covered parking spots, and 3 spots in front of the garages. Tenants in the front three units have access to their own private fenced backyards. The property is located on a quite cul de sac boasting an 88 WalkScore and is minutes from Santa Monica Pier and all that the vibrant city has to offer. The property is located just north of Lincoln Blvd and the 10 Freeway giving tenants easy access for commutes and maneuvering around the city. For an investor looking to clip coupons and enjoy a cash flowing asset in a growing area, look no further. For more information, please reach out to the listing agent.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 271,080 |
| Total Annual Expense: | $ 76,361 |
| Net Operating Income: | $ 186,587 |
| Gross Annual Income: | $ 271,080 |
| Gross Rent Multiplier: | 13.65 |
Structure
| Type of Units: | Standard |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage - 4+ Car, Covered Parking |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Dishwasher, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Solar Panels |
| Heating: | Central |
Exterior
Detailed Map
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