1257 9th St
Santa Monica, CA 90401
Multifamily Property For Sale
·
5 Units
Property Facts
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 4,220 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Zoning | SMR3 - restricted Density Multiple Dwelling | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,220 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | SMR3 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Storage Space
About 1257 9TH ST , SANTA MONICA, CA 90401
CBC Advisors is proud to present this truly unique, one of a kind opportunity to acquire a beautifully built, two-story, 5-unit apartment building located in PRIME Santa Monica. Located on the northeast corner of Arizona and 9th Street, the property is walking distance of many Santa Monica “hot spots” such as the Bungalow, the Huntley, 3rd Street Promenade, and the Shangri-La Rooftop Bar to name a few. The building boasts a very desirable unit mix consisting of one single, three spacious one bedroom/one bathroom units, and one large two bedroom/two bathroom unit that has a washing machine and dryer in the unit. Free standing on a 5,002 SF lot, the building totals 4,220 gross square feet. The building currently has 4 tandem parking spaces (8 total) and a one-car garage tandem to an additional space for a total of 10 parking spaces, a valuable commodity in the “permit-only” streets of Santa Monica. The garage is currently unused, but could be rented out as storage space for additional income or potentially combined with the Single to make it a full 1 Bedroom. This property has strong income, but still has significant rental upside, giving an investor a wonderful opportunity to add-value. The single on the first floor is currently vacant, leaving the potential for an owner/user to take immediate occupancy!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,395 | - |
| 1+1 | 3 | $5,368 | - |
| 2+2 | 1 | $3,420 | - |
Property Taxes
| Parcel Number | 4282-008-012 | Improvements Assessment | $341,347 |
| Land Assessment | $2,673,897 | Total Assessment | $3,015,244 |
Property Taxes
