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1747 9TH St

Santa Monica, CA 90404
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • ID#: 22-142493
Under Contract
$1,995,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,460
    SQFT
  • $1,366
    $/SQFT
Neighborhood:
Santa Monica
Type:
Multi-Family
Built:
1925
County:
Los Angeles
Area:
Santa Monica

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Description

Rare opportunity to invest or develop multi unit residential property in Santa Monica prime location. This 7505 sq foot lot encompasses 3 separate income producing dwellings consisting of a main house, and 2 attached rear units with ample off street parking and garages. Huge yard resembles a small park. R2 zoning near Lincoln Blvd with quick access to the 10 Freeway makes this is an incredible opportunity for both the rental investor or multi unit Development Company looking to build luxury condos or apartments. Currently the main house is (2 bdr 1 bth) and 2 attached rear units (1 bdr 1 bth each) encompassing a total combined 1460 sq feet. Historical Santa Monica property values continue to increase making this an exceptional opportunity. Amazing walking and transit scores (86 & 78) enhance this prime location with Metro Access just blocks away. Don't miss this opportunity to acquire an amazing location in Santa Monica coveted neighborhood.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/127636559
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1747 9TH St Santa Monica, CA 90404

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • ID#: 22-142493
4
Beds
0
Baths
0
½ Baths
0.17
Acres
1,460
SQFT
$1,366
$/SQFT
1925
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Rare opportunity to invest or develop multi unit residential property in Santa Monica prime location. This 7505 sq foot lot encompasses 3 separate income producing dwellings consisting of a main house, and 2 attached rear units with ample off street parking and garages. Huge yard resembles a small park. R2 zoning near Lincoln Blvd with quick access to the 10 Freeway makes this is an incredible opportunity for both the rental investor or multi unit Development Company looking to build luxury condos or apartments. Currently the main house is (2 bdr 1 bth) and 2 attached rear units (1 bdr 1 bth each) encompassing a total combined 1460 sq feet. Historical Santa Monica property values continue to increase making this an exceptional opportunity. Amazing walking and transit scores (86 & 78) enhance this prime location with Metro Access just blocks away. Don't miss this opportunity to acquire an amazing location in Santa Monica coveted neighborhood.
Exterior Features

Carport Spaces Total 0 Covered Parking 1 Direction Faces West Entry Location Ground Level W/Steps Exterior Construction Wood Siding Garage Structures Total 1 Levels Ground Level Lot Description Utilities - OverheadFront YardFenced Lot Location Alley Access Lot Size Area 7505 Other Structures None Parking Garage Covered ParkingDriveway - ConcreteGarage Is DetachedGarage - 1 CarSide By SideShared Driveway Patio Features Porch - Front Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Sprinklers FrontRear Style Bungalow Tennis Court None Tennis YN No Total Parking 4 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features Tub Only Baths Total 3.00 Common Walls Detached/No Common Walls Cooking Appliances Gas/Electric Range Cooling None Den No Dining Room No Equipment Range/OvenRefrigerator Family Room No Fireplace Rooms None Flooring Ceramic TileEngineered HardwoodLinoleum Foundation Details Raised Heating Wall GasWall Laundry Laundry Area Laundry Equipment Own Rooms Breakfast AreaLiving Room Water Heater Features Water Heater Unit

Property Features

ADACompliance No Alley YN Yes Assessed Total Value 56568 Disability Access None Gross Income 78000 Gross Operating Income 54000 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 76500.00 Number Of Buildings 2 Number Of Units 3 Owner Pays WaterOther Property Condition Repair Cosmetic Rent Control YN Yes Sale Type Standard Security Features None Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 1500 Type Of Units 4/3 Water In Street Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Mark Gallandt DRE#01913813 of Jesse Weinberg.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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