1224 9th ST, Santa Monica, CA 90401
1224 9th ST, Santa Monica, CA 90401
1224 9th ST, Santa Monica, CA 90401
1224 9th ST, Santa Monica, CA 90401
1224 9th ST, Santa Monica, CA 90401
1224 9th ST, Santa Monica, CA 90401
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Derek Reilly

Derek Reilly

+1(310) 902-2909
$ 2,600,000
Est. payment | /mo

10 Beds

10 Baths

6,380 SqFt

Save
$ 2,600,000
Est. payment | /mo
Save

10 Beds

10 Baths

6,380 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 6,380 sqft

Price per Sqft $407

MLS Listing ID 26672391

Bedrooms 10

HOA Y/N No

Year Built 1957

Lot Size 7,496 Sqft

Lot Dimensions Assessor

Property Description

1224 9th St is a newly listed 10 unit multifamily opportunity in the heart of Santa Monica, positioned between Wilshire Blvd and Arizona Ave in one of the city's most walkable and supply-constrained residential corridors. The property consists of (10) 1 Bed/1 Bath units spread across approximately 6,380 square feet, situated on a 7,493 square foot lot zoned SMR3. Current rents average well below market, reflecting approximately 38% upside as units turn. The property is 90% occupied and features nine on-site parking spaces, four covered carport spaces in front and five in the rear accessed from the alley, a highly valuable amenity in a neighborhood where off-street parking is limited and consistently in demand. The property boasts a Walk Score and Rider's Score of 100 out of 100, placing residents within steps of Wilshire Blvd's dining, retail, and everyday conveniences, and just minutes from Downtown Santa Monica and the Pacific Ocean. Beyond rental upside, SB 1211 provides a pathway to organically grow income through ADU development without expanding the existing building footprint, creating a compelling additional value-add component. Together, these attributes position 1224 9th St as a rare opportunity to acquire a stable, income-producing asset in one of the Westside's most enduring coastal markets.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Attached Carport, Assigned

Carport Spaces 4

Pool None

View Y/N Yes

View City Lights

Porch None

Total Parking Spaces 9

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4282009005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

Nearby Locations

Derek Reilly

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 902-2909

derek@westsidederek.com

4215 Highland Ave, Manhattan Beach, California, 90266, USA

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1224 9th ST