1224 9th St, Santa Monica, CA 90401
1224 9th St, Santa Monica, CA 90401
1224 9th St, Santa Monica, CA 90401
12
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$2,600,000
Est. payment /mo
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10 Beds
10 Baths
6,380 SqFt
Active

1224 9th St Santa Monica, CA 90401

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,380 sqft

Price per Sqft $407

MLS Listing ID 26672391

Style Mid-Century

Bedrooms 10

Year Built 1957

Lot Size 7,495 Sqft

Acres 0.1721

Property Sub-Type Multi-Family

Property Description

1224 9th St is a newly listed 10 unit multifamily opportunity in the heart of Santa Monica, positioned between Wilshire Blvd and Arizona Ave in one of the city's most walkable and supply-constrained residential corridors. The property consists of (10) 1 Bed/1 Bath units spread across approximately 6,380 square feet, situated on a 7,493 square foot lot zoned SMR3. Current rents average well below market, reflecting approximately 38% upside as units turn. The property is 90% occupied and features nine on-site parking spaces, four covered carport spaces in front and five in the rear accessed from the alley, a highly valuable amenity in a neighborhood where off-street parking is limited and consistently in demand. The property boasts a Walk Score and Rider's Score of 100 out of 100, placing residents within steps of Wilshire Blvd's dining, retail, and everyday conveniences, and just minutes from Downtown Santa Monica and the Pacific Ocean. Beyond rental upside, SB 1211 provides a pathway to organically grow income through ADU development without expanding the existing building footprint, creating a compelling additional value-add component. Together, these attributes position 1224 9th St as a rare opportunity to acquire a stable, income-producing asset in one of the Westside's most enduring coastal markets.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned, Carport Attached

Garage Spaces 9.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description Single Lot

Story 2

Water Public

Architectural Style Mid-Century

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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1224 9th St