1217 9th StreetSanta Monica, CA 90401

Description

Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation, blending modern coastal design with major system upgrades.Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems.Positioned in one of Southern California's strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.

Property Information

Property type

Residential Income

Year built

1924

Living area

4,770 Sq Ft

Lot size

0.17 acres

Zoning

SMR3*

Days on market

137

MLS^® Listing#

26837741

Property Features

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Parking

None

Financial Details

HOA

None

Parcel number

4282008019

Directions

Located north of Wilshire Boulevard and west of Lincoln Boulevard in Santa Monica.