1122 9TH STREET

Estimated Monthly Payment: $24,397/mo 1122 9TH STREET, Santa Monica, CA 90403 MLS# SR19092041 Residential Income Listing Status: Active
10,352 sqft
Jared Levine Keller Williams Realty Jared Levine Logo 818-657-6556x6556 Download Our Mobile App Contact Me
204
33
0
3

REMARKS:

UNDER 16 GRM & DELIVERED WITH 2 VACANT UNITS. 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 (15.92 GRM / 4.36% CAP on Current), future potential upside (12.10 GRM / 6.29% 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 |

OVERVIEW:

362510775:MRMLS
Residential Income
Active
Santa Monica
1969
10352
10
Water District, Public
Public Sewer
Sidewalks
Park Nearby

ROOM INFO:

Individual Room

FINANCIAL:

$5,350,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Jared Levine - Keller Williams Realty Calabasas

 

 

 

The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

 

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 11/13/2019