Bought with NONE NONE
$3,950,000
$4,350,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1.5 Baths
7,510 Sqft Lot
SOLD DATE : 06/17/2019
Key Details
Sold Price $3,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB18024657
Sold Date 06/17/19
Bedrooms 1
Full Baths 1
Half Baths 1
Year Built 1968
Lot Size 7,510 Sqft
Source California Regional MLS
Property Description
On the market for the first time in over 30 years in one of the best rental markets in Santa Monica! 1025 9th Street (street address is 1027 9th Street) is a 10 unit multifamily building that is 8,124 sq. ft. on a 7,510 sq. ft. lot. This building is rent controlled, therefore there is approximately a 45% rental income upside if one were to bring up the rents to market rates. Their is on-site laundry (leased) and the units are separately metered for electricity and gas. One of the units is recently empty. The rent for this unit is at proforma rate.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Laundry Other
Exterior
Garage Spaces 14.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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