Skip To Content

    1753 9Th St

    Santa Monica, CA 90404
    • $5,100,000
    • STATUS: Active
    • ON SITE: 66 days
    • MLS #: 21-761852
    UPDATED: 29 min ago
    $5,100,000
    • 18
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,566
      SQFT
    • $777
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Description

    4.55% Cap Rate & 15.5 GRM! Built in 1987 - not subject to Santa Monica Rent Control! Located just one mile to the famous Santa Monica Pier and a 4 -minute drive to Santa Monica Place, 1753 9th St is an extremely rare fully renovated 7-unit complex. This meticulously maintained two-story property features (1) 4 Bed + Den | 3.5 Bath Owners Unit, (1) 2 Bed | 1 Bath Unit, (3) 2 Bed | 2 Bath Units, and (2) 3 Bed | 2 Bath Units, all with new flooring, central A/C, in-unit laundry, and spacious patios/balconies. The kitchens are equipped with stainless steel appliances, new cabinets, Quartz countertops, and modern tiled back-splashes. The property includes ample gated parking for all units (12 spaces), gorgeous landscaping, and secure entry. The complex attracts young professionals wanting to live close to the beach (82 walk score & 86 bike score!), moments to two of the hippest shopping centers in Los Angeles (Santa Monica Place & 3rd St Promenade), and a short drive to big tech and entertainment headquarters. Unit 102 is rent restricted. Additional investment upside available by building an ADU in rear parking lot! Regarded as one of the highest demand rental markets in the country, this prime asset is positioned to be a terrific source of cash-flow and accelerated appreciation.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T10:42:36.593. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/119500289
    Print Image

    1753 9Th St Santa Monica, CA 90404

    • Price: $5,100,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 21-761852
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,566
    SQFT
    $777
    $/SQFT
    1987
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    4.55% Cap Rate & 15.5 GRM! Built in 1987 - not subject to Santa Monica Rent Control! Located just one mile to the famous Santa Monica Pier and a 4 -minute drive to Santa Monica Place, 1753 9th St is an extremely rare fully renovated 7-unit complex. This meticulously maintained two-story property features (1) 4 Bed + Den | 3.5 Bath Owners Unit, (1) 2 Bed | 1 Bath Unit, (3) 2 Bed | 2 Bath Units, and (2) 3 Bed | 2 Bath Units, all with new flooring, central A/C, in-unit laundry, and spacious patios/balconies. The kitchens are equipped with stainless steel appliances, new cabinets, Quartz countertops, and modern tiled back-splashes. The property includes ample gated parking for all units (12 spaces), gorgeous landscaping, and secure entry. The complex attracts young professionals wanting to live close to the beach (82 walk score & 86 bike score!), moments to two of the hippest shopping centers in Los Angeles (Santa Monica Place & 3rd St Promenade), and a short drive to big tech and entertainment headquarters. Unit 102 is rent restricted. Additional investment upside available by building an ADU in rear parking lot! Regarded as one of the highest demand rental markets in the country, this prime asset is positioned to be a terrific source of cash-flow and accelerated appreciation.
    Exterior Features

    Lot Size Area 7532 Other Structures Other Parking Garage Other Total Parking 12

    Interior Features

    Baths Total 14.00 Cooling Central Equipment DishwasherDryerFreezerMicrowaveRange/OvenRefrigeratorWasherOther Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 3296814 Gross Income 328080 Gross Operating Income 328080 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 232116.00 Number Of Buildings 1 Number Of Units 7 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 95964 Type Of Units Apartments Year Built Source Other Zoning Smr2*

    Listing provided courtesy of Elijah Korobkin DRE#01897085 of Central Realty Advisors Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T10:42:36.593. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761852-4.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761852-4.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761852-4.jpg
    Logo
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211