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$5,100,000
1753 9th St, Santa Monica, CA 90404
18 Beds
14 Baths
6,566 sqft

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4.55% Cap Rate & 15.5 GRM! Built in 1987 - not subject to Santa Monica Rent Control! Located just one mile to the famous Santa Monica Pier and a 4 -minute drive to Santa Monica Place, 1753 9th St is an extremely rare fully renovated 7-unit complex. This meticulously maintained two-story property features (1) 4 Bed + Den | 3.5 Bath Owners Unit, (1) 2 Bed | 1 Bath Unit, (3) 2 Bed | 2 Bath Units, and (2) 3 Bed | 2 Bath Units, all with new flooring, central A/C, in-unit laundry, and spacious patios/balconies. The kitchens are equipped with stainless steel appliances, new cabinets, Quartz countertops, and modern tiled back-splashes. The property includes ample gated parking for all units (12 spaces), gorgeous landscaping, and secure entry. The complex attracts young professionals wanting to live close to the beach (82 walk score & 86 bike score!), moments to two of the hippest shopping centers in Los Angeles (Santa Monica Place & 3rd St Promenade), and a short drive to big tech and entertainment headquarters. Unit 102 is rent restricted. Additional investment upside available by building an ADU in rear parking lot! Regarded as one of the highest demand rental markets in the country, this prime asset is positioned to be a terrific source of cash-flow and accelerated appreciation.
  • Price:
  • $5,100,000
  • Bedrooms:
  • 18
  • Square Footage:
  • 6,566
  • Acreage:
  • 0.17
  • Year Built:
  • 1987
  • Listing ID #:
  • 21-761852
  • Street Address:
  • 1753 9th St
  • City:
  • Santa Monica
  • State:
  • California
  • Postal Code:
  • 90404
  • County:
  • Los Angeles
  • Community:
  • Santa Monica
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Building Condition:
  • Updated/Remodeled
  • Number Of Units:
  • 7
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 6566
  • Year Built:
  • 1987
  • Gross Income:
  • 328080
  • Net Operating Income:
  • 232116.00
  • Conforms To Zoning:
  • Smr2*
  • Lot Square Footage:
  • 7532
  • Days On Market:
  • 66
  • Price Per Square Foot:
  • 776.73
  • Parking Spaces:
  • 12
  • Cooling System:
  • Central
  • Equipment:
  • Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer, Other
  • Heating:
  • Central
  • Laundry:
  • In Unit
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Elijah Korobkin of Central Realty Advisors Inc
  • CACLAW

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