CA > Santa Monica
Santa Monica, CA 90403,1047 9th St
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Santa Monica, CA 90403,1047 9th St
Santa Monica, CA 90403,1047 9th St
Santa Monica, CA 90403,1047 9th St
Santa Monica, CA 90403,1047 9th St
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Sharon Baluku

Sharon Baluku

+1(323) 381-0266
$ 2,900,000
Est. payment /mo
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1047 9th St Santa Monica, CA 90403

4 Beds

3 Baths

1,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,900 sqft

Price per Sqft $1,526

MLS Listing ID 25582909

Style Bungalow

Bedrooms 4

Construction Status Updated/Remodeled

Year Built 1923

Lot Size 7,513 Sqft

Acres 0.1725

Property Sub-Type Multi-Family

Property Description

A rare opportunity for investors: 1047 9th Street is a Mills Act property, offering significant property tax savings that directly improve net operating income, making this a uniquely attractive turnkey investment in Santa Monica's coveted Wilshire Montana neighborhood. This historic compound consists of three fully updated bungalows on a single lot, each with private outdoor space, in-unit laundry, and two parking spaces with EV-charging capability. These modern amenities, paired with classic architectural charm, ensure strong tenant appeal and low vacancy. The location boasts an A+ walkability score, just steps from Montana Avenue's premier shopping, dining, fitness studios, and a short stroll to the beach, offering lifestyle convenience that commands premium rental rates. Beyond its current stability, the property also presents clear value-add potential: entitlements allow for the addition of one to two two-bedroom units, with projected rental upside of up to $120,000 annually, while preserving its historic character. This is an exceptional opportunity to acquire a cash-flowing, tax-advantaged asset in one of Santa Monica's most desirable neighborhoods, blending immediate returns with long-term growth potential. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. A rare opportunity for investors: 1047 9th Street is a Mills Act property, offering significant property tax savings that directly improve net operating income, making this a uniquely attractive turnkey investment in Santa Monica's coveted Wilshire Montana neighborhood. This historic compound consists of three fully updated bungalows on a single lot, each with private outdoor space, in-unit laundry, and two parking spaces with EV-charging capability. These modern amenities, paired with classic architectural charm, ensure strong tenant appeal and low vacancy. The location boasts an A+ walkability score, just steps from Montana Avenue's premier shopping, dining, fitness studios, and a short stroll to the beach, offering lifestyle convenience that commands premium rental rates. Beyond its current stability, the property also presents clear value-add potential: entitlements allow for the addition of one to two two-bedroom units, with projected rental upside of up to $120,000 annually, while preserving its historic character. This is an exceptional opportunity to acquire a cash-flowing, tax-advantaged asset in one of Santa Monica's most desirable neighborhoods, blending immediate returns with long-term growth potential. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie's RE SoCal, DRE 01527644*

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms None

Interior

Heating Floor

Cooling Wall Unit(s)

Flooring Mixed, Tile, Hardwood

Fireplaces Type None

Equipment Refrigerator, Washer, Dryer, Range/Oven

Laundry In Unit

Exterior

Parking Features Detached, Uncovered, Private

Garage Spaces 6.0

Pool None

Waterfront Description None

View Y/N Yes

View Trees/Woods

Roof Type Composition, Shingle

Building

Sewer In Street

Water Public

Architectural Style Bungalow

Level or Stories One

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Christie's International Real Estate SoCal
agent
Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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1047 9th St