Live in the heart of Santa Monica's coveted Wilshire Montana neighborhood while generating income from your own property. 1047 9th Street offers a rare owner-user opportunity to occupy one of three beautifully updated bungalows, each with private outdoor space, in-unit laundry, and dedicated parking with EV charging. Enjoy a walkable,… Read More Santa Monica lifestyle just steps from the iconic Montana Avenue's premier shopping, dining, and fitness, and a short stroll to the beach, an ideal blend of comfort, charm, and everyday convenience in one of Santa Monica's most desirable neighborhoods. Beyond the lifestyle appeal, this Mills Act-designated property provides significant property tax savings, enhancing cash flow and long-term financial performance. The three-unit compound is well-positioned for strong rental demand and low vacancy, with additional upside through the potential to add one to two two-bedroom units, projecting up to $120,000 in additional annual income. Combining historic character with modern amenities and future development potential, this is a unique opportunity to own a tax-advantaged, income-producing asset with both immediate returns and long-term growth. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. Disclaimer: Images have been virtually staged. Read Less
Property listed by Christie's International Real Estate SoCal, Donald Heller 310-259-7556
Listing Snapshot
Days Online
16
Last Updated
Beds
4
Square Ft.
1,900
Lot Size
0.17 Acres
Year Built
1923
MLS Number
26666437
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1923, Living area: 1900.0, 3 buildings, Building faces West, Levels: One, Construction Materials: Stucco
Disclosures
Historical, RentControl
Fireplaces
None
Floors
Tile, Wood
Foundation
Raised
Income
Gross Income: $154,476, Net Operating Income: $112,968
Lot
0.1725 acres, FrontYard, Lawn, Landscaped, Yard
Parking
6 open parking spaces, 6 total parking spaces, Private, Uncovered
Pool
None
Property
UpdatedRemodeled, TreesWoods
Roof
Composition, Shingle
Taxes
Parcel Number: 4281029014, 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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