Santa Monica, CA 90403,1047 9th St
Santa Monica, CA 90403,1047 9th St
Santa Monica, CA 90403,1047 9th St
21
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$2,900,000
Est. payment /mo
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4 Beds
3 Baths
1,900 SqFt
Active

1047 9th St Santa Monica, CA 90403

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,900 sqft

Price per Sqft $1,526

MLS Listing ID 25582909

Style Bungalow

Bedrooms 4

Construction Status Updated/Remodeled

Year Built 1923

Lot Size 7,513 Sqft

Acres 0.1725

Property Sub-Type Multi-Family

Property Description

A rare opportunity for investors: 1047 9th Street is a Mills Act property, offering significant property tax savings that directly improve net operating income, making this a uniquely attractive turnkey investment in Santa Monica's coveted Wilshire Montana neighborhood. This historic compound consists of three fully updated bungalows on a single lot, each with private outdoor space, in-unit laundry, and two parking spaces with EV-charging capability. These modern amenities, paired with classic architectural charm, ensure strong tenant appeal and low vacancy. The location boasts an A+ walkability score, just steps from Montana Avenue's premier shopping, dining, fitness studios, and a short stroll to the beach, offering lifestyle convenience that commands premium rental rates. Beyond its current stability, the property also presents clear value-add potential: entitlements allow for the addition of one to two two-bedroom units, with projected rental upside of up to $120,000 annually, while preserving its historic character. This is an exceptional opportunity to acquire a cash-flowing, tax-advantaged asset in one of Santa Monica's most desirable neighborhoods, blending immediate returns with long-term growth potential. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie's RE SoCal, DRE 01527644*

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Floor

Cooling Wall Unit(s)

Flooring Mixed, Tile, Hardwood

Fireplaces Type None

Equipment Refrigerator, Washer, Dryer, Range/Oven

Laundry In Unit

Exterior

Parking Features Detached, Uncovered, Private

Garage Spaces 6.0

Pool None

Waterfront Description None

View Y/N Yes

View Trees/Woods

Roof Type Composition, Shingle

Building

Sewer In Street

Water Public

Architectural Style Bungalow

Level or Stories One

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Christie's International Real Estate SoCal
Jennifer D. Holmes
Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972 | jenniferd.holmes@evrealestate.com

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1047 9th St