Bought with Robert Sillman
$3,900,000
$4,650,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
1041 9th ST Santa Monica, CA 90403
7,512 Sqft Lot
Key Details
Sold Price $3,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSR26048580
Sold Date 06/29/26
Year Built 1970
Lot Size 7,512 Sqft
Source California Regional MLS
Property Description
Price Improvement!! Trust Sale! Premier multifamily investment opportunity located in the highly sought-after city of Santa Monica, one of Southern California's most stable and supply-constrained rental markets. The property is ideally positioned in a desirable residential neighborhood, just moments from Montana Avenue, Downtown Santa Monica, and Santa Monica Beach, offering exceptional proximity to employment centers, retail, dining, and lifestyle amenities. Santa Monica continues to demonstrate strong rental demand driven by its coastal location, affluent demographics, limited new housing development, and historically low vacancy rates. These market fundamentals provide investors with durable income stability, long-term appreciation potential, and a defensive investment profile. The property offers an attractive opportunity for both current income and future value enhancement, supported by consistent tenant demand and the long-term strength of the Santa Monica multifamily market. This asset is well-suited for investors seeking a high-quality coastal holding in a premier West Los Angeles submarket.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Laundry Community Facility
Exterior
Parking Features Garage, Gate / Door Opener, Underground Parking
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 4281029015
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