Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
1753 9th Street . Pico , CA 90404
For sale7-unit complex fully renovated in Santa Monica, California. For more information contact the listing agent ,Aida Memary Scher 818-212-2678 Aida.Memary@marcusmillichap.com
Posted: 11/02/2021 6:42 am
| On HOMEiZ: 906 days |
Updated: 2 years ago
| Views: 384
Location Map
Property Type
Sold
Property Price
$5100000
$5100000
11/03/2021
7,532.00
Sq. Ft.
$777
6566
2.0%
4.23%
$0
$215730
16.29
$0
1.25%
$63750
Property Location & Description
For sale7-unit complex fully renovated in Santa Monica, California. For more information contact the listing agent ,Aida Memary Scher 818-212-2678 Aida.Memary@marcusmillichap.com
Non Rent Control
This 6,566 SF property sits on a 7,532 SF lot and features 7 units that were built in 1987 and fully renovated in 2019. The property is not subject to any local rent control, but it is subject to California's new AB-1482 where the landlord can raise rents annually by 5% + CPI. The subject property consists of an attractive mix of three and two-bedroom units.
1753 9th Street is located in the peaceful neighborhoods of Santa Monica, with just a short bike ride to Santa Monica Pier and Third Street Promenade. This beautiful building is near Memorial Park, Joslyn Park, and Tongva Park. National Geographic ranked Santa Monica as one of the “Top Ten Beach Cities in the World.” Nearby schools include Santa Monica High School, Step By Step, and PS1 Pluralistic School.
7
$728571
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
4+Den 3.5 Bath Owners Unit
1
$5495
2.
2+1
1
$2395
3.
3+2
2
$3950
4.
2+2
3
$3245
5.
4283-018-020
SMR2
100%
Wood & Stucco
2
1987
Very good
Additional investment upside available by building an ADU in rear parking lot
Built 1987 | Renovated 2019
Turn-Key Building
Property Information
Sewer
Sewer System (Public)
Parking
Garage - Attached
Off-street
On-street
7
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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