1856 9th Street , Santa Monica, CA - 90404 is For Sale

  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
  • 24399999
$1,650,000· Income property

Description

This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. This is a great value-added investment opportunity for an owner-user or an investor to acquire a double lot, 7 unit investment property (1850 9th street to be acquired separately) . 1856 9th St. consists of a 4 plex with the following unit mix 2, one-bedroom, one-bathroom units and 2, two bedroom, one bath units there is a two car garage that is attached to the rear unit. These units are situated on a large 7,283 sq. ft. lot, zoned R2. The value-add opportunity would be to acquire the adjacent property to add additional parking, build an ADU or combination thereof.

Features

MLS#: 24399999
List Price : $1,650,000
Total Units : 4
CAP rate : $4.40
Gross Operating Income : $113,928
Net Operating Income : $73,014
Sq M : 677 M2
Year Built : 1947
Days on market : 89 Days
Gross taxes : N/A
Address : 1856 9th Street
City : Santa Monica
State : CA
Zip Code : 90404
Neighborhood : N/A
Parking Features : Garage - Two Door
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,650,000
Acres : 0.1672
Lot Size (Acres) : 0.1672
Heating : None
Parking Features : Garage - Two Door
Cooling : None
Driving Directions : Cross streets of 9thStreet & Pico Blvd
 
Courtesy of : D. Timothy Byrne , Compass

Location

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