1047 9th St, Santa Monica | 1047 9th St
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1047 9th St, Santa Monica 1047 9th St
3 Unit Apartment Building $4,124,177 CAD ($1,374,726 CAD/Unit) 4.40% Cap Rate Santa Monica, CA 90403
Investment Highlights
- Each residence is recently renovated
- Potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year
Executive Summary
Discover the hidden gem of 1047 9th St, nestled in a picturesque and tranquil abode that exudes charm and history. With three distinct bungalows situated within one lot, this property offers a rare opportunity for both serenity and investment potential. Each residence has been recently updated and offers a generous outdoor area, providing residents with the opportunity to unwind and enjoy the beauty of their surroundings. Equipped with two parking spaces per residence and the capacity for electric car charging, alongside laundry facilities in every home, this property seamlessly combines modern amenities with timeless appeal. Furthermore, 1047 9th St presents an enticing opportunity for value addition. With the potential to add one to two additional two-bedroom units, the revenue could see a substantial increase of up to $120,000 per year, all while preserving the historic integrity of the property. Embrace the allure of this historic treasure, where charm meets opportunity, offering a truly unique investment prospect in a coveted locale.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,124,177 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,374,726 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,513 SF |
| Cap Rate | 4.40% | No. Stories | 1 |
| Gross Rent Multiplier | 18 | Year Built | 1923 |
| No. Units | 3 | Parking Ratio | 0.8/1,000 SF |
| Property Type | Multifamily |
| Price | $4,124,177 CAD |
| Price Per Unit | $1,374,726 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 18 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.17 AC |
| Building Size | 7,513 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 0.8/1,000 SF |
Unit Amenities
- Washer/Dryer
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $5,689 CAD | - |
| 2+1 | 1 | $7,822 CAD | - |
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Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Biker's Paradise (94)
zoning
| Zoning Code | SMR2* |
| SMR2* |
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1047 9th St, Santa Monica | 1047 9th St
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