1753 9TH Street

    Santa Monica, CA 90404
    • $5,278,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 18356198
    Price Reduced
    UPDATED: 123 min ago
    $5,278,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,566
      SQFT
    • $804
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    We are pleased to present this extremely rare NON-RENT CONTROL 7-Unit apartment building, 1753 9th Street. Conveniently located in prime Santa Monica, one of the highest-demand apartment rental markets in the country. The property was built in 1987, features on-siteparking & storage as well as laundry in-units, and spacious, luxury layouts. This is an extremely rare opportunity to acquire a non-rent controlledasset, with a terrific unit mix of huge two, three, and four bedroom apartment homes, which have been tastefully renovated for the mostdiscerning of tenants. The unit mix consists of 4 two-bedroom/two- bathroom units; 2 three-bedroom/two-bathroom units, and 1 four-bedroom/two and a half bathroom, townhome "owner's unit".

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T00:29:25.94. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84760266

    1753 9TH Street Santa Monica, CA 90404

    • Price: $5,278,000
    • Status: Active
    • Updated: 123 min ago
    • ID#: 18356198
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,566
    SQFT
    $804
    $/SQFT
    1987
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are pleased to present this extremely rare NON-RENT CONTROL 7-Unit apartment building, 1753 9th Street. Conveniently located in prime Santa Monica, one of the highest-demand apartment rental markets in the country. The property was built in 1987, features on-siteparking & storage as well as laundry in-units, and spacious, luxury layouts. This is an extremely rare opportunity to acquire a non-rent controlledasset, with a terrific unit mix of huge two, three, and four bedroom apartment homes, which have been tastefully renovated for the mostdiscerning of tenants. The unit mix consists of 4 two-bedroom/two- bathroom units; 2 three-bedroom/two-bathroom units, and 1 four-bedroom/two and a half bathroom, townhome "owner's unit".
    Exterior Features

    Lot Features Sprinklers None Lot Size Source See Remarks Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.03 Gross Multiplier 17.00 Gross Operating Income 300310.00 Improvements Amount 931999 Insurance Expense 4175.00 Land Value 2174665 Laundry YN Yes Maintenance Expense 2100.00 Net Operating Income 212541.00 Operating Expense 8775.00 Professional Management Expense 10511.00 Special Listing Conditions Standard Total Expenses 87768.00 Zoning Smr2*

    Listing provided courtesy of Zachary Grant of Elijah Korobkin and Elijah Korobkin of Elijah Korobkin.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T00:29:25.94. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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