1217 9th St - Apartments FOR SALE


Santa Monica, CA 90401- Mid-City Santa Monica
$5,100,000 USD
310-836-3638
1217 9th St, Santa Monica, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1217 9th St
Santa Monica, CA 90401
Mid-City Santa Monica


HIGHLIGHTS

  • Walker's Paradise: 92 Walk Score, 95 Bike Score, 74 Transit Score put everything within reach—beach, dining, shopping, and transit—all without a car.
  • Prime Location: Steps from Third Street Promenade, 9 blocks to the beach, and minutes from Santa Monica College and UCLA Medical Center.
  • Beautiful Interiors: New stainless steel appliances, custom kitchen cabinets, SPC flooring, recessed lighting, Title 24 windows, HVAC split systems.

OVERVIEW

Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation, blending modern coastal design with major system upgrades. Originally built in 1924 and renovated in 2024, the property features a new roof, copper plumbing, upgraded electrical, fiber optic internet, fire sprinkler and monitoring systems, and completed asbestos and lead abatement. Each unit has been redesigned with contemporary finishes including stainless steel appliances, custom cabinetry, SPC flooring, recessed lighting, Title 24 windows, and individual HVAC split systems. Positioned in one of Southern California’s strongest rental markets, the property offers investors a stabilized asset with strong in-place income and long-term appreciation potential in a highly walkable coastal location. Residents enjoy immediate access to premier dining, shopping, entertainment, public transit, Santa Monica College, UCLA Medical Center, and major Westside employers.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$773 USD /SF

# OF UNITS

13

PRICE/UNIT

$392,308

CAP RATE

Request Cap Rate

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13 Renovated Units in Walker’s Paradise

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,514 SF

ZONING

SMR3*

APN/PARCEL ID

4282-008-019

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.