10-Unit Apartment
New
For Sale
$4,125,000
Pending
854 9th Street, Santa Monica, CA 90403
A secured entry, on-site laundry, and parking serve this multifamily property.
Property Size10,356 SF
Days on Market5
Property Features for 854 9th Street
General Information
Standard status
Pending
Size
10,356 SF
Property subtype
Residential Income
Zoning
SMR2*
Site & Location
Neighborhood
Wilshire
Units
Unit Mix
8 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
10
Additional Details
Tenant in Place
Yes
Amenities
secured entrance
on-site parking
on-site laundry facility
hardwood flooring
stainless steel appliances
granite countertops
built-ins
balconies
true
18
2
7522
16
50x150
0.1727
Assigned
10356
1
Building Details
Building Size
10,356 SF
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Remax Commercial and Investment Realty
(424) 672-8220
Listed By:
Jonathan Taksa · License ## 01366169
(310) 968-5303
Source:
Larryparent
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 28 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment Realty
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Investment Insights
Based on property information with market context.
Built in 1968, this Santa Monica apartment property contains 10,356 square feet across 10 units: eight two-bedroom, two-bathroom apartments and two one-bedroom, one-bathroom apartments. Building amenities include a secured entrance, on-site laundry, and parking. Some apartments have hardwood floors, stainless steel appliances, and granite countertops; built-ins and balconies are also part of the unit features.
The property at 854 9th Street is near Montana Avenue, downtown Santa Monica, and the beach. Zoning is SMR2*.
The property at 854 9th Street is near Montana Avenue, downtown Santa Monica, and the beach. Zoning is SMR2*.
Key Highlights
- 10,356‑square‑foot apartment building constructed in 1968
- 10 units: 8 two‑bedroom, two‑bathroom apartments and 2 one‑bedroom, one‑bathroom apartments
- Secured entrance, on‑site laundry, and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,636
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,332,720
$3.3M
Cap Rate 7%
$2,380,514
$2.4M
Cap Rate 9%
$1,851,511
$1.9M
Market Conditions
NOI Build-Up for 10,356 SF
Gross rent
$329.3K $31.80/SF
− Vacancy
−$26.3K −$2.54/SF
EGI
$303.0K $29.26/SF
− OpEx
−$136.3K −$13.17/SF
NOI
$166.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,332,720
Cap Rate 7%
$2,380,514
Cap Rate 9%
$1,851,511
Alternative Uses
Best Use
Apartment 5plus
$2.38M
$2.08M – $2.78M
NOI $166,636 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.54M
$4.85M – $6.47M
NOI $388,119 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
4,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 90403, CA
25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A secured entry, on-site laundry, and parking serve this multifamily property.
Where is this apartment building located?
The property is located at 854 9th Street Santa Monica, CA.
What is the asking price?
The asking price for this property is $4,125,000.
What are key features of this property?
This property features: 10,356‑square‑foot apartment building constructed in 1968; 10 units: 8 two‑bedroom, two‑bathroom apartments and 2 one‑bedroom, one‑bathroom apartments; Secured entrance, on‑site laundry, and on‑site parking
