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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,900,000

Est. payment - /mo

4 Beds

3 Baths

1,900 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,900 sqft

Price per Sqft $1,526

MLS Listing ID 25582909

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1923

Lot Size 7,514 Sqft

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. *Listing Agent 4: Bridgette Campbell, DRE 02187270 | Christie's RE SoCal, DRE 01527644*

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Private, Uncovered

Pool None

View Y/N Yes

View Trees/Woods

Roof Type Composition,Shingle

Total Parking Spaces 6

Private Pool No

Building

Faces West

Entry Level One

Sewer Other

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4281029014

Special Listing Condition Standard

Read Less Info

Listed by Donald Heller Christie's International Real Estate SoCal

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1047 9th ST Santa Monica, CA 90403