MLS® ID: SB18024657MR
1025 9th Street St
Santa Monica, California, 90403 $4,750,000
On the market for the first time in over 30 years in one of the best rental markets in Santa Monica! 1025 9th Street (street address is 1027 9th Street) is a 10 unit multifamily building that is 8,124 sq. ft. on a 7,510 sq. ft. lot. This building is rent controlled, therefore there is approximately a 45% rental income upside if one were to bring up the rents to market rates. Their is on-site laundry (leased) and the units are separately metered for electricity and gas. One of the units is recently empty. The rent for this unit is at proforma rate.