Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1334 9th St, Unit 1 Santa Monica, CA 90401-1829

    • Apartment buildings
    • 8,838 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2025
    $4,037,500
    Value Estimations
    $3,975,000
    Show details
    Cap Rate Potential
    3.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6992609
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1334 9th St

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    8,838 SF
    Zone code
    SMR3*
    Property type
    Apartment buildings
    APN
    4282-010-009
    APU
    4282010009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,870,000
      ML approach
      $3,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,400,000
      Market price range: $2.40M - $5.48M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,900,000
      Current use
      RESTAURANT
      $5,755,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,380,000
      Change: +38% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,090,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.491
    Latitude
    34.0207
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,897
    $320,574
    $443,362
    $763,936
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $915,000
      6,356 SF

      1843 7th St

      APARTMENT HOUSE (5+ UNITS) • 6,356 SF
      1843 7th St, Santa Monica, CA 90401-3338
      View Details
    • Value Estimation
      $1,120,000
      7,788 SF

      1235 10th St

      APARTMENT HOUSE (5+ UNITS) • 7,788 SF
      1235 10th St, Santa Monica, CA 90401-1910
      View Details
    • Value Estimation
      $1,585,000
      6,570 SF

      1221 10th St

      APARTMENT HOUSE (5+ UNITS) • 6,570 SF
      1221 10th St, Santa Monica, CA 90401-1908
      View Details
    • Value Estimation
      $3,925,000
      27,812 SF

      1342 10th St

      APARTMENT HOUSE (5+ UNITS) • 27,812 SF
      1342 10th St, Santa Monica, CA 90401-1933
      View Details
    • Value Estimation
      $1,140,000
      6,256 SF

      1418 10th St

      APARTMENT HOUSE (5+ UNITS) • 6,256 SF
      1418 10th St, Santa Monica, CA 90401-2858
      View Details
    • Value Estimation
      $1,835,000
      12,800 SF

      1226 11th St

      APARTMENT HOUSE (5+ UNITS) • 12,800 SF
      1226 11th St, Santa Monica, CA 90401-2070
      View Details

    Similar Nearby for Sale

    • $6,750,000
      4,368 SF

      Ocean View Santa Monica Multifamily

      Fully vacant, renovated 12-unit apartment building with ocean views.
      1661 Appian Way, Santa Monica, CA 90401
      View Details
    • $8,950,000
      17,880 SF

      Santa Monica Multifamily Trophy Asset

      Generational multifamily property in a prized Santa Monica location.
      1428 12Th St, Santa Monica, CA 90401
      View Details
    • $3,200,000

      Santa Monica Income Property

      Duplex and fourplex on two parcels with ADU potential.
      1511 12Th St, Santa Monica, CA 90401
      View Details
    • $2,295,000
      1,140 SF

      Ocean View Luxury Coastal Retreat

      Light-filled one-bedroom condo with ocean views and resort-style amenities.
      1755 Ocean Ave, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      24 SF

      Santa Monica Creative Office Space

      Multi-tenant creative office space in prime Santa Monica location.
      929 Colorado Ave, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      20,348 SF

      Santa Monica Office/Studio Building

      Office/studio building for sale in Santa Monica, California.
      700-716 Colorado Ave, Santa Monica, CA 90401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,954 SF

      Santa Monica Blvd Retail Space

      Prime Santa Monica retail space, 2,250 sq ft available.
      525 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      2,650 SF

      Santa Monica Executive Suites

      Prestigious Santa Monica office space, multiple sizes.
      730 Arizona Ave, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      3,917 SF

      Ocean Ave Retail Space For Lease

      Prime Santa Monica retail, 3,917 sq ft.
      1541 Ocean Ave, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      16,500 SF

      Santa Monica Retail Spaces Available

      Prime Santa Monica location, 3 suites, 1,500-7,500 sq ft.
      1431 3Rd Street Promenade, Santa Monica, CA 90401
      View Details
    • $3 SF/Yr
      55,690 SF

      Prime Santa Monica Mixed-Use Space

      Ground floor space ideal for retail, office, medical, or fitness.
      1450 5Th St, Santa Monica, CA 90401
      View Details
    • $3 SF/Yr
      2,968 SF

      Freestanding Office Building in Santa Monica

      Two-story office building with excellent visibility and on-site parking.
      632 Arizona Ave, Santa Monica, CA 90401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1334 9th St, Unit 1
    Santa Monica, CA 90401-1829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.