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    1527 9Th Street

    Santa Monica, CA 90401
    • $6,890,000
    • STATUS: Active Under Contract
    • ON SITE: 174 days
    • MLS #: 20659778
    Under Contract
    UPDATED: 52 min ago
    $6,890,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,000
      SQFT
    • $626
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-08T11:32:11.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
    www.carlilerealty.com/homes/111886155
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    1527 9Th Street Santa Monica, CA 90401

    • Price: $6,890,000
    • Status: Active Under Contract
    • Updated: 52 min ago
    • MLS #: 20659778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    11,000
    SQFT
    $626
    $/SQFT
    1990
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    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.
    Exterior Features

    Architectural Style Contemporary Construction Materials StuccoWood Siding Entry Location Living Room Parking Features AssignedCoveredGated Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View City LightsMountain(S) View YN Yes

    Interior Features

    Appliances DishwasherDisposalGas OvenOvenRangeRefrigerator Cooling Central Air Cooling YN Yes Fireplace Features GasLiving Room Fireplace YN Yes Flooring LaminateTileVinyl Heating CentralHeat Pump Heating YN Yes Interior Features BalconyElevator Window Features BlindsDouble Pane Windows

    Property Features

    Community Features Gated Gross Income 413268 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 276741 Other Equipment Intercom Possession Close Of Escrow Property Condition Updated/Remodeled Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Zoning Smr3*

    Listing provided courtesy of Toshiro Ohinata of Ws Realtors Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-08T11:32:11.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
     
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