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13 Renovated Units in Walker’s Paradise 1217 9th St 13 Unit Apartment Building $5,100,000 ($392,308/Unit) Santa Monica, CA 90401
Investment Highlights
- Walker's Paradise: 92 Walk Score, 95 Bike Score, 74 Transit Score put everything within reach—beach, dining, shopping, and transit—all without a car.
- Beautiful Interiors: New stainless steel appliances, custom kitchen cabinets, SPC flooring, recessed lighting, Title 24 windows, HVAC split systems.
- Prime Location: Steps from Third Street Promenade, 9 blocks to the beach, and minutes from Santa Monica College and UCLA Medical Center.
Executive Summary
Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation, blending modern coastal design with major system upgrades.
Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems.
Positioned in one of Southern California’s strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.
Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems.
Positioned in one of Southern California’s strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.
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- Offering Memorandum
Property Facts
| Price | $5,100,000 | Building Class | C |
| Price Per Unit | $392,308 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,770 SF |
| No. Units | 13 | Average Occupancy | 77% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2024 |
| Price | $5,100,000 |
| Price Per Unit | $392,308 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,770 SF |
| Average Occupancy | 77% |
| No. Stories | 1 |
| Year Built/Renovated | 1924/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $2,405 | 300 - 450 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4282-008-019 | Improvements Assessment | $865,945 |
| Land Assessment | $2,164,864 | Total Assessment | $3,030,809 |
Property Taxes
Parcel Number
4282-008-019
Land Assessment
$2,164,864
Improvements Assessment
$865,945
Total Assessment
$3,030,809
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13 Renovated Units in Walker’s Paradise | 1217 9th St
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