1433 9th St, Santa Monica


First time on the market in more than 50 years, well-kept, 50’s 10 unit building in prime Santa Monica location. 6 garages separately rented, 6 – 2 bedroom/1 bath; 4 – 1 bedroom/1 bath, most with newer kitchens and baths, hardwood floors and easy, responsible tenants. Generous courtyard-garden entry to first floor units on the south side (great daylight), and dual stairway walk up to second floor, exterior corridor. Highly desired area for renting in Santa Monica, always fully rented. 2 units are well below market. Same family ownership for decades; great P/L records, maintenance information. Current income including: rent, garage rent and laundry is approximately $218k/year.

Offered at: $3,750,000