1860 9th Street
1860 9th Street
$5,999,000
28
22
11,456
11,456
$524
Description
We are pleased to present a fifteen (15) unit apartment building located at 1860 9th Street in Santa Monica, California. The subject property is located in a prime Santa Monica location just north of Lincoln Boulevard and west of Pico Boulevard. Built in 1955, this property contains an excellent unit mix of one (1) studio / one-bathroom unit and fourteen (14) two-bedroom / one and a half-bathroom units. The property consists of a double-lot with one being zoned commercial. All units face the well-maintained...We are pleased to present a fifteen (15) unit apartment building located at 1860 9th Street in Santa Monica, California. The subject property is located in a prime Santa Monica location just north of Lincoln Boulevard and west of Pico Boulevard. Built in 1955, this property contains an excellent unit mix of one (1) studio / one-bathroom unit and fourteen (14) two-bedroom / one and a half-bathroom units. The property consists of a double-lot with one being zoned commercial. All units face the well-maintained inner courtyard. The units boast a ton of character with lovely tile and wood flooring, tile counters, French doors, antique light fixtures, and other built-in decorative elements. There is shared laundry on-site with newer Maytag high efficiency appliances. This rare, mid-size asset goes street-to-street with eight (8) garage parking spaces off of Lincoln Court, three (3) covered carports with storage spaces above, and seven (7) uncovered interior parking spaces. Most of the storage can be rented for additional income, and there is a private storage room attached to the southern garage. There is great potential to convert the garage spaces into multiple ADU units. Tenants will love living only one (1) mile to Santa Monica Pier, with easy access to major transportation and some of the strongest employment hubs available throughout Los Angeles County. Situated in a prime Santa Monica location, this offering presents an excellent opportunity for any investor to capitalize on the strong initial cash flow coupled with the opportunity to build out multiple ADU(s) with a very favorable loan assumption.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1860 9th Street
Zoning
SMR2-C4*
Parcel Number4283020040
Total Units15.0
Living Area11456
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Vacancy Rate13%
Lot Size Area14486
Location
LISTING UPDATED: 03/28/2024 12:01 AM
Property Details for 1860 9th Street
Status | Active |
---|---|
MLS # | 24-371213 |
Days on Market | 41 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.33 AC / 14,486 SF |
County | Los Angeles County |
Location
Building Information for 1860 9th Street
Stories2Residences-Year Built1955Building Size-Lot Size0.33 AC / 14,486 SF
Payment Calculator
$37,106 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1860 9th Street
Property History for 1860 9th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1860 9th Street
Taxable ValueLand$2,947,533Additions$1,342,586Total$4,290,119
Tax Record2023$52,407 ($4,367 / month)
Home Facts
Total Finished SqFt11,456 SqFtAbove Grade Finished SqFt11,456 SqFtLot Size14,481 SqFtStyleMulti-Family Res (5+ Units)ZoningSMR2-C4*CountyLOS ANGELESAPN4283-020-040
Schools near 1860 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.
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