Properties

Santa Monica, CA 90403 1118 9th Street

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Presented By: Benjamin Lewin with Marcus & Millichap;
  • MLS# 25578645
  • 08/14/2025
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  • Beds • 16
  • Baths • 5
  • SQFT • 8,098
  • Garage • 1

Home Details

$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.
Presented By: Benjamin Lewin with Marcus & Millichap;

Interior Features for 1118 9th Street

Bedrooms

Total Bedrooms16

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NYes
Total Stories

General for 1118 9th Street

Cap Rate5
CitySanta Monica
CoolingNone
CountyLos Angeles
DirectionsNorth of Wilshire Blvd on 9th St.
Full Baths
Gross Income254570
HOANo
HeatingWall Furnace
LevelsTwo
Living Area8098
Lot Size Square Feet7520
Lot Size UnitsSquare Feet
MLS AreaC14 - Santa Monica
Net Operating Income157612
New ConstructionNo
Number Of Units Total10
PostalCitySANTA MONICA
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1967
ZoningSMR2*

Exterior for 1118 9th Street

Building Area Total8098
Lot Size Acres0.1726
Lot Size Area7520
Number of Buildings1
Parking FeaturesCovered, Door-Multi, Garage
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,150,000
MLS#25578645
List Date 08/14/2025
Property Type Multi-Family
Phone 888.795.6274
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