1527 9Th Street, Santa Monica, CA 90401

About this property

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.

Listing description from the May 2021 sale, as reported to CRMLS.

Sale history

$6,375,000

Sold May 2021 · listed $6,890,000, orig. $7,400,000, on market November 2020 · MLS #20659778 · Source: CRMLS

Listing Agent: Toshiro Ohinata · Listing Office: WS Realtors Inc. · Contact: 310-418-6223 · Bought with: SHEILA TING · RE/MAX PREMIER/SANMARINO

$3,800,000

Sold June 2012 · on market April 2012 · MLS #12591413 · Source: CRMLS

Listing Agent: Deborah Ann Capogrosso · Listing Office: Deborah Ann Capogrosso-Roth · Contact: 818-222-5705 · Bought with: Subscriber Non · Non-Participant Office

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