1047 9th Street , Santa Monica, CA - 90403 is For Sale

  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
  • 24400505
$2,900,000· Income property

Description

Discover the hidden gem of 1047 9th St, nestled in a picturesque and tranquil abode that exudes charm and history. With three distinct bungalows situated within one lot, this property offers a rare opportunity for both serenity and investment potential. Each residence has been recently updated and offers a generous outdoor area, providing residents with the opportunity to unwind and enjoy the beauty of their surroundings. Equipped with two parking spaces per residence and the capacity for electric car charging, alongside laundry facilities in every home, this property seamlessly combines modern amenities with timeless appeal. Furthermore, 1047 9th St presents an enticing opportunity for value addition. With the potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year, all while preserving the historic integrity of the property. Embrace the allure of this historic treasure, where charm meets opportunity, offering a truly unique investment prospect in a coveted locale. *Drive-by only. Showing of the interior of the units only with an accepted offer. Do not disturb tenants.*.

Features

MLS#: 24400505
List Price : $2,900,000
Total Units : 3
CAP rate : $4.40
Gross Operating Income : $157,788
Net Operating Income : $129,751
Sq M : 698 M2
Year Built : 1923
Days on market : 94 Days
Gross taxes : N/A
Address : 1047 9th Street
City : Santa Monica
State : CA
Zip Code : 90403
Neighborhood : N/A
Appliances : Refrigerator
Laundry : Washer Included, Dryer Included
Parking Features : Uncovered, Private
Sale Type : Standard
Spa : None
View : Trees/Woods
 
Property Type : Residential Income
Property Style : Bungalow
Original List Price : $2,900,000
Acres : 0.1725
Lot Size (Acres) : 0.1725
Parking Features : Uncovered, Private
Pool Desc : None
Driving Directions : North of Wilshire, between Washington Ave. and California Ave.
 
Courtesy of : Donald Heller , Christie's International Real Estate SoCal

Location

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).