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$2,949,000
1257 N 9th St, Santa Monica, CA 90401
5 Beds
6 Baths
4,220 sqft

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1031 EXCHANGE VALUE-ADD OPPORTUNITY! Located in picture perfect Santa Monica nine blocks to Palisades Park & the best ocean views around, 1257 9th Street is an outstanding Corner 5-Unit Investment Building Opportunity close to world class hospitals and the re-imagined Santa Monica Place with fine dining and amazing shopping experiences. This extraordinary opportunity corner property, with 2 out of 5 units totally remodeled in 2018, and 1-2 Bedroom unit with inside laundry, was brought up-to-date by the present Owners about 2 years ago. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its location, potential for increased income, to be a significant & unique addition to one's investment portfolio and/or a 1031 Exchange. Please download the Buyer's Brochure in MLS Doc Manager for full details on this outstanding investment property or request a copy by email from Listing Agent 1.
  • Price:
  • $2,949,000
  • Bedrooms:
  • 5
  • Square Footage:
  • 4,220
  • Acreage:
  • 0.11
  • Year Built:
  • 1960
  • Listing ID #:
  • 20-630996
  • Street Address:
  • 1257 N 9th St
  • City:
  • Santa Monica
  • State:
  • California
  • Postal Code:
  • 90401
  • County:
  • Los Angeles
  • Community:
  • Santa Monica
  • Listing Status:
  • Active
  • Building Condition:
  • Updated/Remodeled
  • Building Faces:
  • West
  • Number Of Units:
  • 5
  • Stories:
  • Two
  • Style:
  • Contemporary
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 4220
  • Year Built:
  • 1960
  • Gross Income:
  • 143047
  • Net Operating Income:
  • 104015.00
  • Conforms To Zoning:
  • Smr3*
  • Lot Square Footage:
  • 5002
  • Days On Market:
  • 39
  • Street Direction Suffix:
  • St
  • Street Type:
  • St
  • Price Per Square Foot:
  • 698.82
  • Tenant Pays:
  • Gas, Electricity, Cable Tv
  • Kitchen Appliances:
  • Gas/Electric Range
  • Garage Capacity:
  • 1
  • Number Of Carport Spaces:
  • 3
  • Parking Description:
  • Carport Attached
  • Parking Spaces:
  • 10
  • Cooling System:
  • Air Conditioning
  • Equipment:
  • Range/Oven, Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Baseboard, Wall
  • Laundry:
  • Community, In Unit
  • Listing Provided By Sanda Alcalay of Rodeo Realty - Pacific Palisades
  • CACLAW

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