1118 9th, Santa Monica CA 90403 | $3,150,000

$350k Price Adjustment. 1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location, less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. Two units can potentially be delivered vacant, a one-bedroom one-bathroom and a two-bedroom two-bathroom unit, allowing a buyer to renovate to modern standards and achieve premium market rents. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and more- this asset is also a short walk to Montana Avenue's upscale boutiques and cafes (like La La Land Kind, Primo Passo, and Le Cafe de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. Soft story retrofit still needs to be completed.

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