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    1257 N 9th St

    Santa Monica, CA 90401
    • $2,949,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: 20-630996
    UPDATED: 52 min ago
    $2,949,000
    • 5
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,220
      SQFT
    • $699
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    1031 EXCHANGE VALUE-ADD OPPORTUNITY! Located in picture perfect Santa Monica nine blocks to Palisades Park & the best ocean views around, 1257 9th Street is an outstanding Corner 5-Unit Investment Building Opportunity close to world class hospitals and the re-imagined Santa Monica Place with fine dining and amazing shopping experiences. This extraordinary opportunity corner property, with 2 out of 5 units totally remodeled in 2018, and 1-2 Bedroom unit with inside laundry, was brought up-to-date by the present Owners about 2 years ago. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its location, potential for increased income, to be a significant & unique addition to one's investment portfolio and/or a 1031 Exchange. Please download the Buyer's Brochure in MLS Doc Manager for full details on this outstanding investment property or request a copy by email from Listing Agent 1.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T22:42:29.323. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/109900043
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    1257 N 9th St Santa Monica, CA 90401

    • Price: $2,949,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 20-630996
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,220
    SQFT
    $699
    $/SQFT
    1960
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    1031 EXCHANGE VALUE-ADD OPPORTUNITY! Located in picture perfect Santa Monica nine blocks to Palisades Park & the best ocean views around, 1257 9th Street is an outstanding Corner 5-Unit Investment Building Opportunity close to world class hospitals and the re-imagined Santa Monica Place with fine dining and amazing shopping experiences. This extraordinary opportunity corner property, with 2 out of 5 units totally remodeled in 2018, and 1-2 Bedroom unit with inside laundry, was brought up-to-date by the present Owners about 2 years ago. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its location, potential for increased income, to be a significant & unique addition to one's investment portfolio and/or a 1031 Exchange. Please download the Buyer's Brochure in MLS Doc Manager for full details on this outstanding investment property or request a copy by email from Listing Agent 1.
    Exterior Features

    Carport Spaces Total 3 Covered Parking 4 Cross Streets Ne Corner 9th & Arizona Direction Faces West Levels Two Lot Location Corner Lot Lot Size Area 5002 Other Structures None Parking Garage Carport Attached Spa None Spa YN No Style Contemporary Tennis Court None Tennis YN No Total Parking 10 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 6.00 Cooking Appliances Gas/Electric Range Cooling Air Conditioning Equipment Range/OvenRefrigerator Fireplace Rooms None Heating BaseboardWall Laundry CommunityIn Unit Laundry Equipment Own

    Property Features

    Assessed Total Value 1452886 Association Pet Rules Pets Permitted Disability Access None Gross Income 143047 Gross Operating Income 143047 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 104015.00 Number Of Buildings 1 Number Of Units 5 Property Condition Updated/Remodeled Sale Type Standard Security Features None Source Living Area Estimated Source Lot Size Area Assessor Tenant Pays GasElectricityCable Tv Total Annual Expense 39025 Type Of Units Apartments Water Public Year Built Source Assessor Zoning Smr3*

    Listing provided courtesy of Sanda Alcalay DRE#01007785 of Rodeo Realty - Pacific Palisades.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T22:42:29.323. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211