1813 9Th St Santa Monica, CA 90404
Value-add multifamily property in a desirable Santa Monica location.
Property size:
7,763 SFProperty Features for 1813 9Th St
General Information
- Standard status
- Active
- Size
- 7,763 SF
Source:
Cbre
Listing Agent: Priscilla Nee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Santa Monica Multifamily Investment
Located east of Lincoln Boulevard, between Olympic Boulevard and Pico Boulevard in Santa Monica, the two-story multifamily property at 1813 9th Street presents a value-add investment opportunity. Constructed in 1963 on a 7,485 square foot R2 lot, the building encompasses 7,763 square feet and contains six units. The unit mix includes two two-bedroom/one-and-one-half-bathroom townhouse-style units, three three-bedroom/two-bathroom units, and one three-bedroom/two-bathroom townhouse-style unit. The property is separately metered for gas and electric and features a central water heater, an on-site laundry facility, a two-car garage, and five carport parking spaces with storage bins. Capital improvements include a new roof, copper plumbing in most units, an updated electrical panel in the laundry room, and a newer water heater. Select units have been extensively upgraded to include individual tankless water heaters and in-unit laundry. The oversized units offer gas stoves, refrigerators, ceiling fans, forced heat or wall units for heating, upgraded flooring, ample closet and storage space, and a balcony or patio in select units. The upgraded units feature stackable laundry systems, new kitchens with shaker cabinetry, quartz countertops, stainless-steel appliances (gas stove, refrigerator, microwave, and dishwasher), new bathrooms, designer fixtures and hardware, dual pane windows, new lighting, and updated electrical panels.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4831563
- Latitude
- 34.0144715
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property in a desirable Santa Monica location.
Where is this apartment building located?
The property is located at 1813 9Th St Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - True Value-Add Opportunity with Current Rents \u00b149% Under Market; - Premier Santa Monica Location; - Excellent Unit Mix with 2 (2+1.5 Twnhs\u2019s), 3 (3+2\u2019s), and 1 (3+2 Twnhs)
