1738 9th St
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1738 9th St
5 Unit Apartment Building $3,700,000 ($740,000/Unit) 5.04% Cap Rate Santa Monica, CA 90404
Investment Highlights
- Extensively Renovated Interior & Exterior
- Premiere Westside Location
- Two Brand New ADU’s (Townhomes)
- 88 Walk Score (Very Walkable)
Executive Summary
The Weir Group is pleased to present our newest exclusive listing in Santa Monica. This 5 unit property is EXTENSIVELY renovated both on the interiors and exterior. The three charming units in the front have been extensively renovated with new quartz and custom tile kitchens, stainless steel appliances, tiled bathrooms, and new flooring throughout. The back two XXL Townhomes are brand new construction boasting large three bedroom floorplans. The building is solar powered, includes private patios and private balconies with mountain views, and has washer and dryer hookups. Additionally there are a total 11 parking spots which consist of 4 garage spots, 4 partially covered parking spots, and 3 spots in front of the garages. Tenants in the front three units have access to their own private fenced backyards. The property is located on a quite cul de sac boasting an 88 WalkScore and is minutes from Santa Monica Pier and all that the vibrant city has to offer. The property is located just north of Lincoln Blvd and the 10 Freeway giving tenants easy access for commutes and maneuvering around the city. For an investor looking to clip coupons and enjoy a cash flowing asset in a growing area, look no further. For more information, please reach out to the listing agent.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $3,700,000 | Property Subtype | Apartment |
Price Per Unit | $740,000 | Building Class | B |
Sale Type | Investment | Lot Size | 0.19 AC |
Cap Rate | 5.04% | Building Size | 4,516 SF |
Gross Rent Multiplier | 13.65 | No. Stories | 1 |
No. Units | 5 | Year Built | 2024 |
Property Type | Multifamily |
Price | $3,700,000 |
Price Per Unit | $740,000 |
Sale Type | Investment |
Cap Rate | 5.04% |
Gross Rent Multiplier | 13.65 |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | B |
Lot Size | 0.19 AC |
Building Size | 4,516 SF |
No. Stories | 1 |
Year Built | 2024 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+2.5 | 2 | $6,750 | 903 |
1+1.5 | 1 | $3,725 | 903 |
1+1 | 1 | $3,248 | 903 |
Studios | 1 | $3,123 | 903 |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (94)
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1738 9th St
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