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 over 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.
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, RE/MAX Estate Properties
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Santa Monica represents the epitome of the Southern California beach lifestyle. This seaside location has been featured so frequently in movies and television shows that it may seem instantly familiar. Like nearby Venice, Santa Monica’s resort appeal stretches back over a century. Beachside chic combines glamorous shopping, a thriving downtown, and the energy of the many entrepreneurs who have launched startups in the area.
Real Estate: Santa Monica’s real estate is as varied as its citizenry. There are a variety of homes for sale, from beachy bungalows to new construction luxury homes. Condominiums are also available and there are many multi-unit apartment complexes with units for both sale and rent.
Community Life: The Santa Monica lifestyle is a mix of laidback beach style with a side of Los Angeles hustle. Outdoor living is the order of the day whether it is biking along the strand, strolling along Montana Avenue or taking an outdoor fitness class in the park while enjoying an ocean view.
Santa Monica doesn’t just have one farmers’ market it has four separate farmers’ market events spread throughout the city.
Third Street Promenade has just about every major shopping brand, all located within a few blocks, along with many restaurants and bars. What can’t be found at the Promenade can be found at Santa Monica Place, an open-air mall renovated several years ago.
Those in need of a fitness challenge can brave the Santa Monica Stairs, which are well known for providing a great cardiovascular workout.
Education: The city is served by the Santa Monica-Malibu Unified School District. Local schools include Roosevelt Elementary School, McKinley Elementary School, Grant Elementary School, John Adams Middle School, and Santa Monica High School. Crossroads School for Arts and Sciences offers a college-preparatory experience for elementary school through high school. Other local private schools include Carlthorp, New Roads, and Saint Monica’s Catholic High School.
Transportation: Accessed by the 10 Freeway and Pacific Coast Highway, Santa Monica is also highly bikeable and has received honors for being bike friendly. The Big Blue Bus runs several routes throughout the city and the city is also served by L.A. Metro.
Local Attractions: The Santa Monica Pier is a popular draw for tourists and the lighted Ferris wheel can be seen for miles away at night. The Museum of Flying at Santa Monica Airport is an airy structure with planes and exhibits that chronicle the history of flight. For beachside fun with a slice of nostalgia, check out the Annenberg Community House, built on the location of the demolished 110-room summer home built by William Randolph Hearst.
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