1527 9th St, Santa Monica, CA 90401

$7,400,000
18
BD
20
BA
11,000
SqFt
List Price
$7,400,000
MLS#
20-659778
Year Built
1990
Bedrooms
18
Bathrooms
20
Living Sq. Ft
11,000
Lot Size
7,506
Lot Location
Alley Access
Days on Market
72
Property Type
Multifamily
Style
Contemporary
Stories
3

Property Description

Rare investment opportunity for 9 units apartment built in1990 in the heart of Santa Monica. As far as rent increase is concerned, it's not under City rent control and only new State law applies, which allows 5 % + CPI increase each year. Over the past several years, extensive renovation had been taken place throughout the building such as a new roof, new central water heater, new windows, new gate motor, and rear carport had been enclosed by a new gate and fence. Eight out of nine units had been upgraded and each unit has an inside washer/dryer, central a/c, and balcony or patio or both. The property is locating a stone's throw away from shops and restaurants. Close to beach and good FW access.

Additional Information

Lot Description
Fenced
Other Buildings
None
Kitchen Features
Granite Counters
Heat
Central, Heat Pump
Cooling
Central, Air Conditioning
View
City, City Lights, Mountains
Exterior Construction
Stucco, Wood Siding
Number of Cars in Garage
Assigned, Attached, Covered Parking, Gated, Gated Underground
Water
District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Courtesy of , Toshiro Ohinata - CA DRE#

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