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,… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
10
Square Ft.
6,380
Lot Size
0.17 Acres
Year Built
1957
MLS Number
26672391
30 Days Snapshot Of 90401
$2.88M
+123%
(avg) sold price
1
-66%
home sold
75
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
6,380 sq ft, Built in 1957, Levels: Two, Attached, Mid-Century
Cooling
Wall/Window
Disclosures
None
Exterior Features
Stucco, None
Fireplaces
None
Garage
Assigned, Carport Attached
Water Features
Water: Public
Heating
Wall
Lot
LotAcreage: 0.1721, LotSizeArea: 7,495, LotSizeDimensions: 50x150, Single Lot, City
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