854 9th St Santa Monica, CA 90403
Active
$4,125,000
10 Units
18 Beds
18 Baths
10,356 Area(sq.ft.)
7,522 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 2 | 2 | No | $ 2,504 | $ 20,029 | $ 28,800 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,195 | $ 4,389 | $ 5,600 |
| 2 | 10 | 18 | 18 | $ 24,422 | $ 169,010 | $ 241,600 |
| MLS #: | 25491077 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 398 |
| Price per unit: | $ 412,500 |
| Year Built: | 1968 |
Property Details
We are 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, this property 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 ofLA's most prized and coveted locations.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 293,529 |
| Total Annual Expense: | $ 105,032 |
| Net Operating Income: | $ 179,707 |
| Gross Annual Income: | $ 293,016 |
| Gross Rent Multiplier: | 14.05 |
Structure
| Type of Units: | 2s,1s |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Assigned |
| Total Parking: | 16 |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Dishwasher, Microwave |
| Heating: | Wall |
Exterior
Detailed Map
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Income
