1047 9th Street , Santa Monica, CA - 90403, Santa Monica CA is for sale :

Call For Appointment to See This Home
Dmitry Litvishkov (310)-709-4920

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

Details

Price : $2,900,000

Address : 1047 9th Street

City : Santa Monica

State : CA

Area : C14 - Santa Monica

Property Type : Residential Income

Property Style : Bungalow

Sq M : 698 M²

Total Units : 3

CAP rate : $4

Gross Operating Income : $157,788

Net Operating Income : $129,751

MLS# : 24400505

Lot Size (Acres) : 0.1725 ac

Property Description

Santa Monica Home For Sale. 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.*.

Listed By

Christie's International Real Estate Socal

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