725 9th Street

Santa Monica, CA 90402

$4,400,000
Price
12
Beds
11
Baths
7,250 Sq. Ft.
$607 / Sq. Ft.
7,250
Sq. Ft.
$607
per Sq. Ft.

Description

For the first time, this 6-Unit Apartment Building with spacious Owner's Unit is for sale north of Montana Avenue in Santa Monica. This well-maintained property is in a desirable neighborhood steps away from the shops and restaurants on Montana Avenue and minutes from the beach. The unit mix consists of four 2-bedrooms (three of which are townhouses),one 1-bedroom, and one 3-bedroom Owner's unit with private entrance, garage and bonus room in the basement. Feels like home!For the first time, this 6-Unit Apartment Building with spacious Owner's Unit is for sale north of Montana Avenue in Santa Monica. This well-maintained property is in a desirable neighborhood steps away from the shops and restaurants on Montana Avenue and minutes from the beach. The unit mix consists of four 2-bedrooms (three of which are townhouses),one 1-bedroom, and one 3-bedroom Owner's unit with private entrance, garage and bonus room in the basement. Feels like home!
  1. Listed by William Dawson • DRE #01059814 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors
  2. Listed by Ryan Dawson • DRE #01962971 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors

Property Details for 725 9th Street

Zoning
SMR2*
Parcel Number
4280023029
Total Units
6.0
Living Area
7250
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
1
Lot Size Area
7502

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971
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LISTING UPDATED: 03/26/2024 12:01 AM

Property Details for 725 9th Street

StatusActive
MLS #24-369815
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971
Add your commute

Building Information for 725 9th Street

Stories2Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$24,013 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,013

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 725 9th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Mix
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: $255,898
  • Net Operating Income: $167,621.00
  • Gross Income: $255,898
  • Cap Rate: 3.81%
  • Gross Rent Multiplier: $17.19
  • Total Annual Expense: 80600
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Carport, Garage
  • Total Parking: 6
  • Garage Spaces Total: 1
  • Carport Spaces Total: 5
  • Parking Features: Carport, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Flooring: Laminate, Carpet
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,332.00
  • Unit Actual Rent: $1,332.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $11,343.00
  • Unit Actual Rent: $11,343.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,648.00
  • Unit Actual Rent: $2,648.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $203,577.00
  • Assessed Improvement Percent: 59.79
  • Assessed Land Value: $136,891.00
  • Assessed Land Percent: 40.21
  • Assessed Total Value: $340,468.00

Property History for 725 9th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 725 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 - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Santa Monica Alternative (K-8) School
PublicK to 8

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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725 9th Street is a multi-family home for sale in Santa Monica, CA 90402. This property was listed for sale on March 18, 2024 by Sullivan-Dituri Co.Realtors, it's currently listed at $4,400,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Roosevelt Elementary School, Lincoln Middle School and Santa Monica High School. 725 9th Street is a 12-bed, 11-bath, 7,250 sqft multi-family home built in 1961.

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 Sullivan-Dituri Co.Realtors, William Dawson, DRE #01059814; Sullivan-Dituri Co.Realtors, Ryan Dawson, DRE #01962971

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.