We are pleased to offer for sale an incredible multifamily asset located at 854 9th Street in the heart of LA’s famed beach city of Santa Monica. Originally built in 1968, the building boasts an incredible unit mix consisting of all very large 2-bedroom and 1-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured entrance, ample on-site parking, as well as an on-site laundry facility. The unit mix includes (8) 2-bed, 2-bath units and (2) 1-bed, 1-bath units. Many of the interiors have been upgraded with hardwood flooring, stainless steel appliances, and granite countertops. Additionally, units feature charming built-ins and balconies. This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor’s portfolio. A quick stroll to Montana Avenue, downtown Santa Monica, and the beach, this property is situated close to all Santa Monica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 854 9th Street gives buyers the unique opportunity to own a generational asset in one ofLA’s most prized and coveted locations.
Property Details
Price:
$4,125,000
MLS #:
25491077
Status:
Pending
Baths:
0
Address:
854 9th Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
90403
Lot Size:
7,522 sqft / 0.17 acres (approx)
Year Built:
1968
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Schools
Interior
Appliances
Dishwasher, Microwave
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
16.00
Stories Total
2
Financial
Map
Community
- Address854 9th Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
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854 9th Street
Santa Monica, CA
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