1437 9th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1437 9th St
16 Unit Block of Flats £3,916,500 (£244,781/Unit) 5.38% Net Initial Yield Santa Monica, CA 90401
Investment Highlights
- Courtyard and double lot multifamily property!
- Great investment opportunity in Santa Monica!
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,916,500 | Apartment Style | Low Rise |
| Price Per Unit | £244,781 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Net Initial Yield | 5.38% | Building Size | 6,486 SF |
| Gross Rent Multiplier | 13.46 | Number of Floors | 2 |
| No. Units | 16 | Year Built | 1956 |
| Property Type | Residential | Parking Ratio | 2.14/1,000 SF |
| Property Subtype | Apartment |
| Price | £3,916,500 |
| Price Per Unit | £244,781 |
| Sale Type | Investment |
| Net Initial Yield | 5.38% |
| Gross Rent Multiplier | 13.46 |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,486 SF |
| Number of Floors | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.14/1,000 SF |
Amenities
- Ventilation - Venting
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Ice Maker
- Refrigerator
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1 | 2 | - | - |
1 of 1
Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £1,512,043 (2024) | |
| Land Assessment | £1,071,452 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £440,591 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,071,452 (2024)
Improvements Assessment
£440,591 (2024)
Total Assessment
£1,512,043 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | SMR3 (Apartment) |
| SMR3 (Apartment) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1437 9th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.