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    1807 9th Street

    Santa Monica, CA 90404
    • $1,995,000
    • STATUS: Active
    • ON SITE: 147 days
    • ID#: SB20236182
    UPDATED: 27 min ago
    $1,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,566
      SQFT
    • $777
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    1807 9th St is a Bungalow Style 4-unit building located north of Pico Blvd just a few blocks from Santa Monica High School. The building was built in 1942 and consists of 2,566 SF of living space situated on a large 7,524 SF lot. The property offers a great unit mix consisting of (1) 2-bed/1-bath unit & (3) 1-bed/1-bath units with private fenced-in backyards. The property also features an on-site laundry facility and (4) single-car garages. Located exactly 1 mile from the Santa Monica pier, 3rd Street Promenade & Muscle Beach, this is an incredible opportunity to acquire a well-maintained asset with significant growth opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/111944845
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    1807 9th Street Santa Monica, CA 90404

    • Price: $1,995,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: SB20236182
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,566
    SQFT
    $777
    $/SQFT
    1942
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    1807 9th St is a Bungalow Style 4-unit building located north of Pico Blvd just a few blocks from Santa Monica High School. The building was built in 1942 and consists of 2,566 SF of living space situated on a large 7,524 SF lot. The property offers a great unit mix consisting of (1) 2-bed/1-bath unit & (3) 1-bed/1-bath units with private fenced-in backyards. The property also features an on-site laundry facility and (4) single-car garages. Located exactly 1 mile from the Santa Monica pier, 3rd Street Promenade & Muscle Beach, this is an incredible opportunity to acquire a well-maintained asset with significant growth opportunity.
    Exterior Features

    Garage Spaces 4.00 Lot Features Treed Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.87 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 250.00 Garage Rental Rate 250.00 Gardener Expense 1200.00 Gross Income 101100.00 Gross Multiplier 21.71 Gross Scheduled Income 101100.00 Insurance Expense 1026.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3033.00 Net Operating Income 62921.00 New Construction YN No New Taxes Expense 26687.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 35146.00 Other Expense 3200.00 Other Expense Description Utility Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 8225.00 Total Expenses 35146.00 Trash Expense 0.00 Water Source Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. and Brett Lyon of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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