$350k Price Adjustment. 1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location, less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an… Read More ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. Two units can potentially be delivered vacant, a one-bedroom one-bathroom and a two-bedroom two-bathroom unit, allowing a buyer to renovate to modern standards and achieve premium market rents. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and more- this asset is also a short walk to Montana Avenue's upscale boutiques and cafes (like La La Land Kind, Primo Passo, and Le Cafe de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. Soft story retrofit still needs to be completed. Read Less
Property listed by Marcus & Millichap, Benjamin Lewin 310-259-7556
Listing Snapshot
Days Online
207
Last Updated
Beds
16
Square Ft.
8,098
Lot Size
0.17 Acres
Year Built
1967
MLS Number
25578645
Additional Details
Building
Built in 1967, Living area: 8098.0, 1 building, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $254,570, Net Operating Income: $157,612
Lot
0.1726 acres
Parking
10 total parking spaces, Covered, DoorMulti, Garage
Taxes
Parcel Number: 4281035004, Zoning: SMR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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