1747 9th Street

Santa Monica, CA 90404

$1,600,000
Last Sold Price
4
Beds
3
Baths
1,460 Sq. Ft.
$1,096 / Sq. Ft.
1,460
Sq. Ft.
$1,096
per Sq. Ft.

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 vacant dwellings consisting of a main house, and 2 attached rear units with ample off street parking and garages, all to be delivered vacant. Huge yard resembles a small park. R2 zoning near Lincoln Blvd with quick access to the 10 Freeway makes this an incredible opportunity for both the rental investor or multi unit Development Company...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 vacant dwellings consisting of a main house, and 2 attached rear units with ample off street parking and garages, all to be delivered vacant. Huge yard resembles a small park. R2 zoning near Lincoln Blvd with quick access to the 10 Freeway makes this 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 bd 1 bth) and 2 detached rear units (1 bdr 1 bth each) encompassing a total combined 1460 sq feet. 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's coveted neighborhood.
  1. Listed by Mark Gallandt • DRE #01913813 • Brokerage DRE #01435805 • Jesse Weinberg

Property Details for 1747 9th Street

Water Front
None
Zoning
SMR2*
Style
Bungalow
Accessibility Features
None
Parcel Number
4283018019
Total Units
3.0
Living Area
1460
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Jesse Weinberg, Mark Gallandt, DRE #01913813

Sold By Multi-Regional MLS, Outside Agent, DRE #1647240

Add your commute
LISTING UPDATED: 12/20/2022 01:55 PM

Property Details for 1747 9th Street

StatusSold
MLS #22-195655
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.17 AC / 7,505 SF
CountyLos Angeles County

Location

Listing Courtesy of Jesse Weinberg, Mark Gallandt, DRE #01913813

Sold By Multi-Regional MLS, Outside Agent, DRE #1647240

Add your commute

Building Information for 1747 9th Street

Stories-Residences-Year Built1925Building Size-Lot Size0.17 AC / 7,505 SF

Payment Calculator

$10,361 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1747 9th Street

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4/3
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Water Heater Unit
  • Water District: Santa Monica City Water
  • Building Permit: No
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $87,400
  • Net Operating Income: $85,900.00
  • Gross Income: $87,400
  • Cap Rate: 4.59%
  • Gross Rent Multiplier: $25.50
  • Owner Pays: Water, Other
  • Total Annual Expense: 1500
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7505
  • Lot Features: Utilities - Overhead, Front Yard
  • Lot Description: Utilities - Overhead, Front Yard, Fenced
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Driveway - Concrete, Garage Is Detached, Garage - 1 Car, Side By Side, Shared Driveway
  • Total Parking: 4
  • Covered Parking: 1
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 1
  • Carport Spaces Total: 0
  • Parking Features: Covered, Concrete, Garage - Single Door, Side by Side, Shared Driveway
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Breakfast Area, Living Room
  • Levels: Ground Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall Gas, Wall
  • Flooring: Ceramic Tile, Engineered Hardwood, Linoleum
  • Equipment: Range/Oven, Refrigerator
  • Bathroom Features: Tub Only
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: Front, Rear
  • Patio Features: Porch - Front
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-01-2022
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 0
  • Number of Drapes: 0
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Rented Garages: 1
  • Number Wall AC: 0
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $10,838.00
  • Assessed Improvement Percent: 19.16
  • Assessed Land Value: $45,730.00
  • Assessed Land Percent: 80.84
  • Assessed Total Value: $56,568.00
  • Private Transfer Taxes: No

Property History for 1747 9th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1747 9th Street

Taxable ValueLand$1,120,000Additions$480,000Total$1,600,000
Tax Record2023$19,553 ($1,629 / month)
Home Facts
Total Finished SqFt1,460 SqFtAbove Grade Finished SqFt1,460 SqFtLot Size7,505 SqFtStyleTriplexYear Built1925ZoningSMR2*CountyLOS ANGELESAPN4283-018-019

Schools near 1747 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
John Muir Elementary School
PublicK to 5

John Adams 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jesse Weinberg, Mark Gallandt, DRE #01913813

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.