The Vogue Apartments at 633 9th Street is an excellent opportunity to acquire a true pride of ownership property in one of the best rental locations in prime Santa Monica. Built in 1937 by renowned architect G.C.McAllister, the property is a prime representation of the Nautical Streamline Moderne style and has been featured in several architectural write-ups. This well maintained Art Deco gem boasts a great unit mix consisting of four 1 bedroom 1 bath units and a perfect owner user 2 bedroom 2.5 bath Townhome style unit. All of the units are spacious, have terrific floor plans with hardwood floors, in unit washer and dryers, and offer an abundance of natural light.
The property is perfectly located North of prestigious Montana Avenue, and it is one of the few multi-family properties in such a location. Walking distance to some of the best shopping and restaurants in Los Angeles, the Vogue Apartments is steps away from multi-million dollar single family residences and is a short stroll to Santa Monica beach. With rents averaging only $1,745/month and $1.62/foot, the property has massive rental upside and ample on-site garage parking. Additionally, the two bedroom unit may be altered to a 1 bedroom 1 bath unit and 1 bedroom 1.5 bath unit (Buyer to verify number of legal units). Vogue Apartments is a potential Mills Act candidate, whereby a new buyer can benefit from greatly reduced property taxes (Buyer to verify).
633 9th Street presents an astute investor with the unique opportunity to capitalize on significantly higher market rents and to acquire a very clean and architecturally significant property in one of the most prime locations in Los Angeles.
