1807 9th St, Santa Monica, CA 90404

1807 9th St, Santa Monica, CA 90404

Santa Monica, CA
$2,195,000

Property Description

1807 9th St is a Bungalow Style 4-unit building located north of Pico Blvd just a few blocks from Santa Monica High School. The building was built in 1942 and consists of 2,566 SF of living space situated on a large 7,524 SF lot. The property offers a great unit mix consisting of (1) 2-bed/1-bath unit & (3) 1-bed/1-bath units with private fenced-in backyards. The property also features an on-site laundry facility and (4) single-car garages. Located exactly 1 mile from the Santa Monica pier, 3rd Street Promenade & Muscle Beach, this is an incredible opportunity to acquire a well-maintained asset with significant growth opportunity.

Property Features

  • Sale Price: $2,195,000
  • Area Size: 2,566 SF
  • Land Area: 7,524 SF
  • Year Built: 1942
  • Listing Date: 11/16/2020
  • Units: 4
  • Current GRM: 22.26
  • Current Cap Rate: 2.77%
  • Price Per Unit: $562,500
  • Market GRM: 16.67
  • Market Cap Rate: 4.23%
  • Current NOI: $62,279

Lyon Stahl Investment Real Estate

Keep In Touch