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1025 9th Street ST Santa Monica, CA 90403
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Key Details
Sold Price $3,850,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,124 sqft
Price per Sqft $473
MLS Listing ID SB20061877
Sold Date 01/22/21
HOA Y/N No
Year Built 1968
Lot Size 7,509 Sqft
Acres 0.1724
Property Description
3 units have been recently VACATED. On the market for the first time in over 30 years in one of the best rental markets in Santa Monica! 1025 9th Street (street address is 1027 9th Street) is a 10 unit multifamily building that is 8,124 sq. ft. on a 7,510 sq. ft. lot. This building is rent controlled, therefore there is approximately a 45% rental income upside if one were to bring up the rents to market rates. Their is on-site laundry (leased) and the units are separately metered for electricity and gas. One of the units is recently empty. The rent for this unit is at proforma rate.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Laundry In Carport
Exterior
Garage Spaces 4.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Patrick Hattori
SHOW CONTACT PH 213-255-5151
SHOW INSTRUCTIONS No showing unless accepted offer.
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Bought with NONMEMBER MRML