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1743 9Th St

Santa Monica, CA 90404
  • $3,399,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 21-797734
Price Reduced
UPDATED: 54 min ago
$3,399,000
  • 15
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,022
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

Description

Extra Large 8 UNITS Cash flow investment property with tremendous rent upside potential near Santa Monica beaches, at the end of Cul-de-sac. Two story building, freshly painted including 7 TWO BEDROOMS UNITS with 4 townhouses ( 2bed+1.5 bath), 2 one level( 2bed+1.5bath), 1x ( 2bed+2bath), 1x (1bed+1.5bath). Approximately 41% rent increase potential and $437k / per door. Rent roll and estimated financial sheet attached in MLS docs. 12 parking spaces include 8 garages with 4 currently vacant ( projected rent $1000) and 4 carports. One ( 2+2 ) unit with inside laundry and A/C shall be delivered vacant at COE . BUILDING SOFT STORY ALREADY RETROFITTED AND CITY REQUIREMENTS RETROFITTED . Tenant occupied, showings with an accepted offer, do not disturb tenants. UNIT #4 AVAILABLE TO BE SHOWN .call agent for more info.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. 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.
www.deserthouseseekers.com/homes/122669934
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1743 9Th St Santa Monica, CA 90404

  • Price: $3,399,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 54 min ago
  • MLS #: 21-797734
15
Beds
0
Baths
0
½ Baths
0.19
Acres
7,022
SQFT
$484
$/SQFT
1970
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Extra Large 8 UNITS Cash flow investment property with tremendous rent upside potential near Santa Monica beaches, at the end of Cul-de-sac. Two story building, freshly painted including 7 TWO BEDROOMS UNITS with 4 townhouses ( 2bed+1.5 bath), 2 one level( 2bed+1.5bath), 1x ( 2bed+2bath), 1x (1bed+1.5bath). Approximately 41% rent increase potential and $437k / per door. Rent roll and estimated financial sheet attached in MLS docs. 12 parking spaces include 8 garages with 4 currently vacant ( projected rent $1000) and 4 carports. One ( 2+2 ) unit with inside laundry and A/C shall be delivered vacant at COE . BUILDING SOFT STORY ALREADY RETROFITTED AND CITY REQUIREMENTS RETROFITTED . Tenant occupied, showings with an accepted offer, do not disturb tenants. UNIT #4 AVAILABLE TO BE SHOWN .call agent for more info.
Exterior Features

Covered Parking 12 Garage Structures Total 1 Lot Size Area 8094 Other Structures None Parking Garage AssignedCarport AttachedAbove Street LevelGarage Is Attached Style Contemporary Total Parking 12 View Description CityCity LightsMountains View YN Yes

Interior Features

Baths Total 16.00 Cooling Ceiling FanGasWall Unit(S) Equipment Garbage Disposal Heating Wall Gas Laundry Community

Property Features

Assessed Total Value 2625000 Gross Income 189792 Gross Operating Income 189792 Like Units1 3 Like Units2 1 Like Units3 4 Like Units4 5 Like Units5 6 Net Operating Income 134817.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Security Features Other Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 54975 Type Of Units Res.Inc. Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Marc Chorin DRE#01143383 of Rodeo Realty - Pacific Palisades.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. 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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