1437 9Th St, Santa Monica, CA 90401
16 Unit Apartment Building | $5,495,000 ($343,438/Unit) | 4.64% Cap Rate | Santa Monica, CA 90401
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,495,000
- Property Type
-
Multifamily
- Square Feet
- 6,486 SF
Listing Contacts
William Dawson
Verified Profile
- Property Info
Property Overview
PRICE IMPROVEMENT!! 1437-1443 9th St. Santa Monica -- 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.
Two Separate APN's being sold together: 4282-026-014 & 4282-026-015. Showings: Inside with accepted offers, please do not disturb tenants. Expenses estimated and included estimated new property tax based on list price.
Two Separate APN's being sold together: 4282-026-014 & 4282-026-015. Showings: Inside with accepted offers, please do not disturb tenants. Expenses estimated and included estimated new property tax based on list price.
Property Details
- Class
- C
- Year Built
- 1956
- Stories
- 2
- Lot Size (sq. ft)
- 14,810 SF
- Units
- 16
Highlights
- Courtyard and double lot multifamily property!
- Great investment opportunity in Santa Monica!
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