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1041 9th St
Santa Monica, CA 90403
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Location
Executive Summary
Trophy investment! Well-located multifamily asset in the heart of Santa Monica, one of the most supply-constrained and resilient rental markets in Southern California. The property benefits from strong and consistent tenant demand, historically low vacancy rates, and proximity to major employment centers, coastal amenities, and premier retail corridors. Limited new development and favorable long-term market fundamentals support durable cash flow, potential rent growth, and long-term value appreciation, making this asset an attractive coastal investment with defensive characteristics.
Property Facts
| Price Per Unit | $495,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.40% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 14.9 | Building Size | 9,962 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Zoning | R3, Santa Monica | ||
| Price Per Unit | $495,000 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 14.9 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,962 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | R3, Santa Monica |
Amenities
Unit Amenities
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,895 | 665 |
| 2+2 | 8 | $4,596 | 1,041 - 1,178 |
| 3+2 | 1 | $3,970 | 1,200 |
Property Taxes
| Parcel Number | 4281-029-015 | Improvements Assessment | $731,362 |
| Land Assessment | $975,151 | Total Assessment | $1,706,513 |
Property Taxes
Parcel Number
4281-029-015
Land Assessment
$975,151
Improvements Assessment
$731,362
Total Assessment
$1,706,513
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