1217 9th Street
Santa Monica, CA 90401
- – beds
- – baths
- – sqft
- 7,514 sqft lot
- 1924 build
- – on site
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LOWEST price per door, and HIGHEST cap rate, currently on the market in Santa Monica! This classic 1924 courtyard style property is located on 9th and Wilshire, a PRIME area of Santa Monica. Residents can easily walk, bike, or take a Bird around town. Just 9 blocks from the beach, 6 blocks from Third Street Promenade, and steps away from local restaurants, shops and entertainment. Tech giants, such as, Google, Amazon, Yahoo!, YouTube, Facebook, BuzzFeed and so many more have made, or are in the process of making a home for themselves in and around this Santa Monica area. These major technology companies, as well as, over 500 tech startup companies, has made Santa Monica and west side of LA known as “Silicon Beach.” The building is in very good condition. This is an investor’s dream in that the investor can purchase and hold it as is; OR they have great potential to add value to the property. Current annual income is $203,500. Pro-Forma, with slight improvements to each unit, is $309,600. Pro-Forma with a complete rehab would be even higher. This property also has the potential of ADU (2-3 units) or condo conversion. Email me for OM and rent roll.
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Last updated Apr 23, 2024
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MLS# OC20041648 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/7/22
Mar 7, 2022
|
Listed / Active | CRMLS_CA | ||
|
9/9/20
Sep 9, 2020
|
Sold | CRMLS_CA | $2,800,000 | -20.0% |
|
7/24/20
Jul 24, 2020
|
Pending | CRMLS_CA | $3,499,000 |