Agent's remarks about 1122 9th St
9th Street is a wonderful 10 unit apartment building located in the highly desirable Wilshire - Montana neighborhood of Santa Monica just north of Wilshire Blvd. An excellent unit mix of (80%) two bedrooms and large building foot print of over 10, 300 SF (for 10 units) positions 9th Street to be able to potentially achieve excellent market rents post renovation. The strong in place income (17.52 GRM / 3.82% CAP on Current), future potential upside (12.61 GRM / 5.98% CAP at Market), and prime location surrounded by (restaurants, shops, landmarks, parks, schools, beaches, and hospitals) makes this stand out as a truly special offering.
Santa Monica is a beachfront city in western Los Angeles County, California, United States. Situated bordered on three sides by the city of Pacific Palisades to the north, Brentwood on the northeast, West Los Angeles on the east, Mar Vista on the southeast, and Venice on the south. Due in part to an agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism.
3rd Street Promenade - .7 Miles away | St. John's Hospital - 1.4 Miles | Santa Monica College - 1.7 Miles | Silcon Beach / Expo Line
Map location for 1122 9th St
Directions: Wilshire - Turn Left onto 9th Street - Building on
Listing courtesy of Keller Williams Realty Calabasas Jared Levine BRE# 01804008
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The property on 1122 9th St, Santa Monica, CA 90403 is listed for $5,575,000 as MLS #SR19092041. This 0 bedroom, 0 bathroom sqft built in 1969 located in Santa Monica, CA 90403. For more information regarding this or any other property in Santa Monica, please contact us at (424) 272-1339.
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