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1747 9TH Street, Santa Monica, CA 90404
4
beds
3
baths
· 7505
ft2 lot
$1,599,900
Listing provided courtesy of Mark Gallandt, Keller Williams Silicon Beach.
Source CRMLS.
Spectacular investment development opportunity near prime downtown Santa Monica encompassing R2 zoning. Adjacent to Lincoln with quick access to the fwy this is an incredible opportunity for both the rental investor or multiunit Development Company looking to build widely popular Multi unit luxury apartments or Condos/Townhomes. This 7505 sq foot lot currently has 3 income-producing units encompassing one main house (2 bdr 1 bth) and 2 attached rear units (1 bdr 1 bth each) encompassing a total combined 1425 sq feet. Off street parking and a boutique Mini Park like yard make this a perfect rental income investment property. Santa Monica rental values are continuing to increase and have gone up 22% (Zillow estimate) alone in the last 30 days on this property. Extremely high walking and transit scores (86 & 78) make this a highly desirable sought out location with Metro Access just a few blocks away. Dont miss this great opportunity to acquire one of the best locations in Santa Monica.
HOA
$—/month
On market
10 months
Year built
1925
Property type
Multi-Family
Parking
MLS
20595004
Price / Sq.Ft.
ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal, Refrigerator, Gas Range
•   
Has Appliances
Rooms Info
•   
Room Information: Master Bathroom
Heating & Cooling
•   
Has Heating
•   
Heating Details: Floor Furnace, Wall Furnace
Flooring
•   
Flooring: Tile, Laminate
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Ground Level w/steps
•   
Foundation Details: Raised
•   
Stories Total: 1
•   
Num Stories: One
•   
Construction Materials: Frame
Parking Info
•   
Parking Available: 1
•   
Parking Features: Side by Side, Private
•   
Garage Spaces: 0.00
•   
Carport Spaces: 0.00
Lot Info
•   
Zoning: SMR2*
•   
Lot Features: Back Yard, Utilities - Overhead, Yard, Landscaped
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7505.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 3
Property Type
•   
Architectural Style: Bungalow
Property Features
•   
Property Condition: Fixer, Repairs Major
Exterior Features
•   
Direction Faces: West
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 78000.00
•   
Total Expenses: 0.00
•   
Gross Multiplier: 20.50
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 78000.00
•   
Tax Year: 2020
•   
Taxes: 1077.0
Lease Info
•   
Net Operating Income: 78000.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2500.00
•   
Unit 1 Total Rent: 2500.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
Location
•   
Directions: East of Lincoln, east on Michigan, north on 9th St
Virtual Tour Link
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Calculation
•   
Dom: 36
•   
Cdom: 36
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 2:30am
Neighborhood snapshot
65
Properties for sale
37
Median days on market
$787.65
Median sold price/sqft
98.54%
Sold/List %
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Property History
06/25/2020
06/25/2020
CRMLS #20595004
active
CRMLS #20595004
$1,599,900
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