1813 9th ST Santa Monica, CA 90404
7,483 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26033449
HOA Y/N No
Year Built 1963
Lot Size 7,483 Sqft
Property Sub-Type Apartment
Property Description
individual tankless water heaters & in-unit laundry, upgraded flooring, new kitchens with new shaker cabinetry, quartz countertops, stainless-steel appliances including gas stove, refrigerator, microwave & dishwasher, new bathrooms, dual pane windows, and new lighting. These upgrades address deferral maintenance, improve building functions, enhance tenant experience, and will meaningfully increase the long-term value & performance of the property. The current rent is still below the market, a new owner is presented with the opportunity to increase rent to market price upon vacancy and further increase rental income with complete unit renovations of remaining unrenovated units. Additionally, the architectural work for the back carport ADU conversion is completed and ready to pull permits. This project will create two rentable studio units and will significantly increase both property value and cash flow. With stable income in place and meaningful upside through interior renovations and tenant turnover, the property presents a compelling blend of immediate cash flow & long term appreciation potential. This is a rare chance to own a turnkey asset in one of the most affluent & high-demand rental markets in Southern California.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Interior Features Ceiling Fan(s), Recessed Lighting
Heating Forced Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Range Hood, Dryer, Washer
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 2.0
Carport Spaces 5
Garage Description 2.0
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 7
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4283021004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Nearby Locations