1217 9th Street, Santa Monica, CA 90401
Property
For sale now
1217 9th Street is on the market at $5,100,000 (13 ba · 4,770 sqft). See the current listing →
Sold September 2020
Listing Agent: Elizabeth Altuna (DRE #02036658) · Listing Office: Residential Agent, Inc. · Contact: 949-791-8160 · Bought with: Lillian Lepore · NONMEMBER MRML · MLS #OC20041648 · Source: CRMLS
How this sale compares
1217 9th Street sold for $2,800,000 in September 2020, 20% under its $3,499,000 list price, after 28 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values. Recently sold in Santa Monica · Homes for sale in 90401
About this property
LOWEST price per door, and HIGHEST cap rate, currently on the market in Santa Monica! This classic 1924 courtyard style property is located on 9th and Wilshire, a PRIME area of Santa Monica. Residents can easily walk, bike, or take a Bird around town. Just 9 blocks from the beach, 6 blocks from Third Street Promenade, and steps away from local restaurants, shops and entertainment. Tech giants, such as, Google, Amazon, Yahoo!, YouTube, Facebook, BuzzFeed and so many more have made, or are in the process of making a home for themselves in and around this Santa Monica area. These major technology companies, as well as, over 500 tech startup companies, has made Santa Monica and west side of LA known as “Silicon Beach.” The building is in very good condition. This is an investor’s dream in that the investor can purchase and hold it as is; OR they have great potential to add value to the property. Current annual income is $203,500. Pro-Forma, with slight improvements to each unit, is $309,600. Pro-Forma with a complete rehab would be even higher. This property also has the potential of ADU (2-3 units) or condo conversion. Email me for OM and rent roll.
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history
Questions about 1217 9th Street
When did 1217 9th Street last sell?
1217 9th Street last sold in September 2020 for $2,800,000, according to CRMLS-reported closed sales.
What did 1217 9th Street sell for?
$2,800,000, 20% below the $3,499,000 list price, after 28 days on the market.
Is 1217 9th Street for sale now?
Yes — 1217 9th Street is currently on the market at $5,100,000. Open the current listing on Nalren for photos, details and the listing agent.