1437 9th Street

Santa Monica, CA 90401

$5,000,000
Price
18
Beds
16
Baths
3,416 Sq. Ft.
$1,464 / Sq. Ft.
3,416
Sq. Ft.
$1,464
per Sq. Ft.

Description

Price Improvement! First time to market in over 60 years! Beautiful, income generating 16-unit apartment complex spanning two lots in Santa Monica. The apartments in the complex open up to a large grass courtyard bathed in California sunshine. The spacious property also lends itself to a potential for development in the heart of Santa Monica. On the boarder of Downtown and Midcity Santa Monica, this complex is surrounded by restaurants and shops, and just minutes from the beach and 10 Freeway. Two...Price Improvement! First time to market in over 60 years! Beautiful, income generating 16-unit apartment complex spanning two lots in Santa Monica. The apartments in the complex open up to a large grass courtyard bathed in California sunshine. The spacious property also lends itself to a potential for development in the heart of Santa Monica. On the boarder of Downtown and Midcity Santa Monica, this complex is surrounded by restaurants and shops, and just minutes from the beach and 10 Freeway. Two parcels totaling: approximately ~14,990 square feet of land and ~6,480 square feet of building per the assessor.
  1. Listed by Ryan Dawson • DRE #01962971 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors
  2. Listed by William Dawson • DRE #01059814 • Brokerage DRE #01059814 • Sullivan-Dituri Co.Realtors

Property Details for 1437 9th Street

Zoning
SMR3*
Style
Traditional
Parcel Number
4282026015
Total Units
16.0
Living Area
3416
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
3%
LISTING UPDATED: 10/29/2024 03:01 PM

Property Details for 1437 9th Street

StatusActive
MLS #24-413473
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,479 SF
CountyLos Angeles County

Building Information for 1437 9th Street

Stories2Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,479 SF

Property Information for 1437 9th Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Mix- 1&2bed
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: $401,659
  • Net Operating Income: $269,159.00
  • Gross Income: $414,081
  • Cap Rate: 5.38%
  • Gross Rent Multiplier: $12.07
  • Total Annual Expense: 132500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1717
  • Lot Size Square Feet: 7479
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 9
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Terrazzo
  • Equipment: Range/Oven, Refrigerator
  • Laundry: Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $26,840.00
  • Unit Actual Rent: $26,840.00
  • Unit Projected Rent: $30,730.00
  • Like Units: 14
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,990.00
  • Unit Actual Rent: $5,990.00
  • Unit Projected Rent: $5,990.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $199,255.00
  • Assessed Improvement Percent: 24.31
  • Assessed Land Value: $620,282.00
  • Assessed Land Percent: 75.69
  • Assessed Total Value: $819,537.00

Property History for 1437 9th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1437 9th Street

Taxable ValueLand$632,687Additions$205,040Total$837,727
Tax Record2024$11,337 ($945 / month)
Home Facts
Total Finished SqFt3,416 SqFtAbove Grade Finished SqFt3,416 SqFtLot Size7,477 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningSMR3*CountyLOS ANGELESAPN4282-026-015

Schools near 1437 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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1437 9th Street is a multi-family home for sale in Santa Monica, CA 90401. This property was listed for sale on July 10, 2024 by Sullivan-Dituri Co.Realtors, it's currently listed at $5,000,000. 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. 1437 9th Street is a 18-bed, 16-bath, 3,416 sqft multi-family home built in 1956.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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

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.