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1850 9th Street

Santa Monica, CA 90404
  • $1,375,000
  • STATUS: Active
  • ON SITE: 182 Days
  • ID#: 24399729
$1,375,000
  • 3
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,686
    SQFT
  • $816
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): D. Timothy Byrne of Compass (310-820-0195)


Description

Back on the Market - Owner User Opportunity (one unit to be delivered vacant) & A great value-added investment opportunity for an investor to acquire a double lot, 7 unit investment property (1856 9th street to be acquired separately) . This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. 1850 9th St. consists of 3, one-bedroom, one-bathroom units and is situated on a large 7,232 sq. ft. lot, zoned R2. One of the one-bedroom units, with laundry, will be delivered vacant. The site has a large vacant area at the rear of the property. The value-add opportunity would be to add additional parking, build an ADU or combination thereof.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T00:24:43.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/151495585
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1850 9th Street Santa Monica, CA 90404

  • Price: $1,375,000
  • Status: Active
  • On Site: 182 Days
  • ID#: 24399729
3
Beds
0
Baths
0
½ Baths
0.17
Acres
1,686
SQFT
$816
$/SQFT
1928
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
Back on the Market - Owner User Opportunity (one unit to be delivered vacant) & A great value-added investment opportunity for an investor to acquire a double lot, 7 unit investment property (1856 9th street to be acquired separately) . This property is located in the Sunset Park neighborhood of Santa Monica, just 9 blocks from the beach. 9th Street is a beautiful tree lined street located one block from many shopping, entertainment and dining amenities. The main attraction of this property is the low density, park-like grounds, not typical in a dense urban area. 1850 9th St. consists of 3, one-bedroom, one-bathroom units and is situated on a large 7,232 sq. ft. lot, zoned R2. One of the one-bedroom units, with laundry, will be delivered vacant. The site has a large vacant area at the rear of the property. The value-add opportunity would be to add additional parking, build an ADU or combination thereof.
Exterior Features

Parking Features Assigned Parking Total 0

Interior Features

Cooling None Cooling YN No Heating Natural Gas Heating YN Yes

Property Features

Association YN No Cap Rate 3 Disclosures Trust/Conservatorship Gross Income 70356 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 39127 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T00:24:43.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): D. Timothy Byrne of Compass (310-820-0195)