Description

1814 9th Street is a 6-unit investment asset located in prime Santa Monica. The property consists of a unique unit mix of one (3 BD/2.5 BA); four (2 BD/ 1.5 BA); and one (2 BD / 1 BA).

All units are bright and spacious with large private patios and balconies. Five of the units are townhouse-style. Unit 3 has been updated with new appliances, flooring , fixtures and paint.

Onsite laundry facilities provide income currently and five garages may provide additional income. Seismic retrofitting for the building has been completed, and copper water supply lines have been installed.

The property is in close proximity to the beach, Third Street Promenade and employment opportunities with a plethora of media and technology companies within a three-mile radius.

On the market for the first time since 1977, 1814 9th Street a well-maintained asset with large, townhouse-style units that provides a new owner with ±87% rental upside potential. A new buyer also has an Owner-User opportunity to occupy the 3 BD / 2.5 BA front-facing townhouse unit with shared garage.