1527 9th St, Santa Monica, CA 90401

$6,375,000
18
BD
20
BA
11,000
SqFt
Sold Price
$6,375,000
List Price
$6,890,000
Closing Date
May 18, 2021
MLS#
20-659778
Status
SOLD
Type
Multifamily
Bedrooms
18
Bathrooms
20
Living Area
11,000

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

Year Built
1990
View
City, City Lights, Mountains
Garage
Assigned, Attached, Covered Parking, Gated, Gated Underground

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of WS Realtors Inc., Toshiro Ohinata. Selling Office: .

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