16
Baths
8,098 Sq. Ft.
$420 / Sq. Ft.
8,098
Sq. Ft.
$420
per Sq. Ft.

Description

$100k Price Adjustment. 1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry,...$100k Price Adjustment. 1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations- a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and morethis asset is also a short walk to Montana Avenue's upscale boutiques and cafs (like La La Land Kind, Primo Passo, and Le Caf de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. First time on the market in 50 years.
  1. Listed by Benjamin Lewin • DRE #02040686 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1118 9th Street

Zoning
SMR2*
Parcel Number
4281035004
Total Units
10.0
Living Area
8098
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
20%
Lot Size Area
7520
LISTING UPDATED: 02/17/2026 09:01 AM

Property Details for 1118 9th Street

StatusActive Under Contract
MLS #25578645
Days on Market187
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.17 AC / 7,520 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686
Add your commute

Building Information for 1118 9th Street

Stories-Residences-Year Built1967Building Size-Lot Size0.17 AC / 7,520 SF

Payment Calculator

$17,332 per month

30 year fixed, 6.15% Interest

Principal and Interest

$16,571

Property Taxes

$761

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1118 9th Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 10
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $247,714
  • Net Operating Income: $153,009.00
  • Gross Income: $254,570
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $13.36
  • Vacancy Allow Dollar: $7,637.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 94706
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1726
  • Lot Size Square Feet: 7520
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Garage - 2 Car
  • Total Parking: 10
  • Parking Features: Covered, Garage - Two Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-14-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,157.00
  • Unit Actual Rent: $10,784.00
  • Unit Projected Rent: $13,250.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,181.00
  • Unit Actual Rent: $1,181.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,312.00
  • Unit Actual Rent: $9,250.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $351,109.00
  • Assessed Improvement Percent: 62.08
  • Assessed Land Value: $214,428.00
  • Assessed Land Percent: 37.92
  • Assessed Total Value: $565,537.00

Property History for 1118 9th Street

DateEvent & SourcePriceAppreciation
Feb 17, 2026

Accepting Backup Offers

CRMLS #25578645

—
Feb 17, 2026

Accepting Backup Offers

CLAW #25578645

—
Jan 27, 2026

Price Change

CRMLS #25578645

$3,400,000—
Jan 27, 2026

Price Change

CLAW #25578645

$3,400,000—
Aug 14, 2025

Listed (Active)

CRMLS #25578645

$3,500,000—
Aug 14, 2025

Listed (Active)

CLAW #25578645

$3,500,000—
DateEvent & SourcePrice
02/17/2026

Accepting Backup Offers

CRMLS #25578645

—
02/17/2026

Accepting Backup Offers

CLAW #25578645

—
01/27/2026

Price Change

CRMLS #25578645

$3,400,000
01/27/2026

Price Change

CLAW #25578645

$3,400,000
08/14/2025

Listed (Active)

CRMLS #25578645

$3,500,000
08/14/2025

Listed (Active)

CLAW #25578645

$3,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1118 9th Street

Taxable ValueLand$218,716Additions$358,131Total$576,847
Tax Record2025$9,129 ($761 / month)
Home Facts
Total Finished SqFt8,098 SqFtAbove Grade Finished SqFt8,098 SqFtLot Size7,518 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningSMR2*CountyLOS ANGELESAPN4281-035-004

Schools near 1118 9th Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.