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1743 9Th Street

Santa Monica, CA 90404
  • $3,199,000
  • STATUS: Active Under Contract
  • ON SITE: 97 Days
  • MLS #: 21797734
Under Contract
UPDATED: 21 min ago
$3,199,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): Marc Chorin of Rodeo Realty - Pacific Palisades (310-566-4400)


Description

HUGE PRICE CHANGE. RENT ROLL DOCS ATTACHED- Extra Large 8 UNITS Cash flow investment property with tremendous rent upside potential near Santa Monica beaches, at the end of Cul-de-sac. Two story building, freshly painted including 7 TWO BEDROOMS UNITS with 4 townhouses ( 2bed+1.5 bath), 2 one level( 2bed+1.5bath), 1x ( 2bed+2bath), 1x (1bed+1.5bath). Approximately 41% rent increase potential and APPROX. $400K / per door. Rent roll and estimated financial sheet attached in MLS docs. 12 parking spaces include 8 garages with 4 currently vacant ( projected rent $1000) and 4 carports. One ( 2+2 ) unit with inside laundry and A/C shall be delivered vacant at COE . BUILDING SOFT STORY ALREADY RETROFITTED AND CITY REQUIREMENTS RETROFITTED . Tenant occupied, showings with an accepted offer, do not disturb tenants. UNIT #4 AVAILABLE TO BE SHOWN .call agent for more info.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122669142
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1743 9Th Street Santa Monica, CA 90404

  • Price: $3,199,000
  • Status: Active Under Contract
  • On Site: 97 Days
  • Updated: 21 min ago
  • MLS #: 21797734
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1970
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
HUGE PRICE CHANGE. RENT ROLL DOCS ATTACHED- Extra Large 8 UNITS Cash flow investment property with tremendous rent upside potential near Santa Monica beaches, at the end of Cul-de-sac. Two story building, freshly painted including 7 TWO BEDROOMS UNITS with 4 townhouses ( 2bed+1.5 bath), 2 one level( 2bed+1.5bath), 1x ( 2bed+2bath), 1x (1bed+1.5bath). Approximately 41% rent increase potential and APPROX. $400K / per door. Rent roll and estimated financial sheet attached in MLS docs. 12 parking spaces include 8 garages with 4 currently vacant ( projected rent $1000) and 4 carports. One ( 2+2 ) unit with inside laundry and A/C shall be delivered vacant at COE . BUILDING SOFT STORY ALREADY RETROFITTED AND CITY REQUIREMENTS RETROFITTED . Tenant occupied, showings with an accepted offer, do not disturb tenants. UNIT #4 AVAILABLE TO BE SHOWN .call agent for more info.
Exterior Features

Architectural Style Contemporary Carport YN Yes Parking Features Attached CarportAssigned Parking Total 12 View City LightsMountain(S) View YN Yes

Interior Features

Appliances Disposal Cooling Gas Cooling YN Yes

Property Features

Association Fee 0 Disclosures Rent Control Garage YN Yes Gross Income 189792 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 137117 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Smr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Marc Chorin of Rodeo Realty - Pacific Palisades (310-566-4400)