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    1813 9Th St Santa Monica, CA 90404
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    Property profile & analytics

    1813 9Th St Santa Monica, CA 90404

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    • Apartment buildings
    • 7,763 SF
    • 0.17 lot acres
    For Sale
    $3,250,000
    View Listing →
    Santa Monica Multifamily Investment Opportunity For Sale
    $3,250,000
    7,763 SF

    Santa Monica Multifamily Investment Opportunity

    Well-located 6-unit multifamily property near the beach.

    1813 9th Street, Santa Monica, CA 90404
    View Listing
    Property ID
    US09-6996928
    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.
    Value Estimations
    Cap Rate Potential
    5%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1813 9Th St

    Lot size
    0.17 lot acres
    Property size
    7,763 SF
    Zone code
    SMR2*
    Property type
    Apartment buildings
    APN
    4283-021-004
    APU
    4283021004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,490,000
      ML approach
      $2,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,920,000
      7%
      $1,785,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,525,000
      Current use
      AUTO REPAIR, GARAGE
      $3,590,000
      Change: +42% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.483
    Latitude
    34.0145
    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
    $7,102
    $99,794
    $343,920
    $443,714
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,900,000
      15,520 SF

      1231 Harvard St

      APARTMENT HOUSE (5+ UNITS) • 15,520 SF
      1231 Harvard St, Santa Monica, CA 90404-1560
      View Details
    • Value Estimation
      $685,000
      4,790 SF

      1425 Princeton St

      APARTMENT HOUSE (5+ UNITS) • 4,790 SF
      1425 Princeton St, Santa Monica, CA 90404-3035
      View Details
    • Value Estimation
      $600,000
      3,964 SF

      1513 Princeton St

      APARTMENT HOUSE (5+ UNITS) • 3,964 SF
      1513 Princeton St, Santa Monica, CA 90404-3523
      View Details
    • Value Estimation
      $705,000
      3,703 SF

      1337 Stanford St

      APARTMENT HOUSE (5+ UNITS) • 3,703 SF
      1337 Stanford St, Santa Monica, CA 90404-2556
      View Details
    • Value Estimation
      $670,000
      5,248 SF

      1557 Stanford St

      APARTMENT HOUSE (5+ UNITS) • 5,248 SF
      1557 Stanford St, Santa Monica, CA 90404-3633
      View Details
    • Value Estimation
      $1,025,000
      8,122 SF

      1524 17th St

      APARTMENT HOUSE (5+ UNITS) • 8,122 SF
      1524 17th St, Santa Monica, CA 90404-3421
      View Details

    Similar Nearby for Sale

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      4,840 SF

      Multifamily Property with Detached House

      Multifamily property featuring a detached single-family house.
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    • $5,750,000
      10,671 SF

      Santa Monica 12-Unit Apartment Building

      12-unit apartment building in Santa Monica with upside potential.
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    • Contact for pricing

      Santa Monica Multifamily Investment Opportunity

      Well-located 6-unit multifamily property near the beach.
      1813 9Th St, Santa Monica, CA 90404
      View Details
    • $3,200,000
      5,536 SF

      Santa Monica Multifamily Investment Opportunity

      8-unit apartment building with upgrade potential in Santa Monica.
      1233 14Th St, Santa Monica, CA 90404
      View Details
    • $2,980,000
      7,763 SF

      Santa Monica Multifamily Investment Opportunity

      Six-unit multifamily property in Santa Monica near the beach.
      1813 9Th St, Santa Monica, CA 90404
      View Details
    • $3,425,000

      Santa Monica Multifamily Investment Opportunity

      Nine-unit apartment building in central Santa Monica location.
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    Similar Nearby for Lease

    • Contact for pricing

      Santa Monica Commercial Space Available

      Located in Santa Monica's technology and media district.
      1527 26Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Santa Monica's Water Garden

      Live-work space near Santa Monica Pier and Pacific Ocean.
      1601 Cloverfield Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Creative Space with Modern Interior

      Renovated flex/industrial/creative/office space with ample parking.
      1657-1669 12Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      4,528 SF

      Santa Monica Flex Space Available

      Flex space featuring high ceilings, loading door, and mezzanine office.
      1631-1645 17Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      4,367 SF

      Restaurant Space in Santa Monica

      Restaurant space in prime location with high-value luxury homes.
      2828 Santa Monica Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Creative Office Space For Rent

      Creative office space available for rent in Santa Monica.
      2450 Colorado Ave, Santa Monica, CA 90404
      View Details
    View Listing
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    Santa Monica, CA 90404
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    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.

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