1753 9th St, Santa Monica, CA 90404

$5,100,000
18
BD
14
BA
6,566
SqFt
List Price
$5,100,000
MLS#
21-761852
Year Built
1987
Bedrooms
18
Bathrooms
14
Living Sq. Ft
6,566
Lot Size
7,532
Days on Market
14
Property Type
Multifamily
Stories
2

Property Description

4.55% Cap Rate & 15.5 GRM! Built in 1987 - not subject to Santa Monica Rent Control! Located just one mile to the famous Santa Monica Pier and a 4 -minute drive to Santa Monica Place, 1753 9th St is an extremely rare fully renovated 7-unit complex. This meticulously maintained two-story property features (1) 4 Bed + Den | 3.5 Bath Owners Unit, (1) 2 Bed | 1 Bath Unit, (3) 2 Bed | 2 Bath Units, and (2) 3 Bed | 2 Bath Units, all with new flooring, central A/C, in-unit laundry, and spacious patios/balconies. The kitchens are equipped with stainless steel appliances, new cabinets, Quartz countertops, and modern tiled back-splashes. The property includes ample gated parking for all units (12 spaces), gorgeous landscaping, and secure entry. The complex attracts young professionals wanting to live close to the beach (82 walk score & 86 bike score!), moments to two of the hippest shopping centers in Los Angeles (Santa Monica Place & 3rd St Promenade), and a short drive to big tech and entertainment headquarters. Unit 102 is rent restricted. Additional investment upside available by building an ADU in rear parking lot! Regarded as one of the highest demand rental markets in the country, this prime asset is positioned to be a terrific source of cash-flow and accelerated appreciation.

Additional Information

Other Buildings
Other
Heat
Central
Cooling
Central
Number of Cars in Garage
Other

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Elijah Korobkin - CA DRE#

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