01467358

CREATING WEALTH THROUGH REAL ESTATE

$7,400,000

1527 9Th St, Santa Monica, CA, 90401

Courtesy of: Toshiro Ohinata 01075788 | WS Realtors Inc.

Information

Purchase Type: Sale

MLS ID: 20-659778

Price: $7,400,000

Days On Market: 109

Square Footage: 11,000 Sq ft

Lot size: 0.173

Bedrooms: 18

Details

Status: Active

Style: Contemporary

Property Type: Residential Income

New Construction: No

Heating: Central, Heat Pump

Swimming Pool: No

Address: 1527 9Th St

Country: US

County: Los Angeles

City: Santa Monica

Neighborhood: Santa Monica

Zip: 90401

State: California

Description

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.

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1527 9Th St, Santa Monica, CA, 90401

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