Bungalow

1047 9th Street

Santa Monica , CA 90403

MLS#: 25582909

$2,900,000

Status: Active
Listing number: 25582909
Listing provided by: Christie's International Real Estate SoCal
Listing agent phone: None
Last update: 18 hours ago
New on site 3 days ago
Browse Properties
Main image without alt text

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

1,900

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. 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*

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Fireplace YN

    NO

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Private

  • Pool

    Yes

  • Pool Features

    None

  • View

    Trees/Woods

Area & Lot

  • Lot Size(acres)

    0.1725

  • Property Type

    Residential Income

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $2,900,000

  • Sq. Footage

    1, 900

  • Price/SqFt

    $1,526

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Other

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Donald Heller , Christie's International Real Estate SoCal

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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. 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*

1047 9th Street

Message successfully sent.

What would you like to know?

Related Properties

Nestled on a quiet, tree lined cul-de-sac in beautiful Santa Monica, this rare offering presents an exceptional opportunity to acquire a fully vacant detached triplex in one of the Westside's most desirable cities. Just moments from local parks, acclaimed restaurants, boutique shops, hospitals, public transit and Santa Monica College, the location offers both tranquility and convenience.The property features three thoughtfully designed, fully upgraded detached units, blending comfort and functionality throughout. With one two-bedroom, one-bathroom unit, along with two one-bedroom, one-bathroom units providing a versatile and appealing unit mix that suits a variety of living arrangements. In addition to the well-appointed interiors, the property includes a mix of private and shared yard space, offering inviting outdoor areas for relaxing, entertaining, or gardening some great valuable features in today's market. Two of the units are equipped with in-unit laundry, with two parking spaces and ample street parking.With a total of four bedrooms and three bathrooms across all units, this detached triplex offers a flexible and appealing layout, ideal as a high-performing income property, a redevelopment opportunity, or a multi-generational living solution. Located just blocks from Santa Monica College and less than two miles from the beach, this prime setting further enhances its long-term value and strong rental potential.All three units will be delivered vacant, allowing for immediate top market rentals, customization, or redevelopment based on your vision.Don't miss this rare chance to own a vacant, detached triplex in one of Los Angeles' most iconic beachside communities, whether you're an investor, developer, or owner-user, the possibilities here are truly exceptional. Call to schedule showing. Prospective buyers are encouraged to conduct their own due diligence and confirm all details with the City of Santa Monica.
#25578581

Santa Monica

1434 24th Street

4 Beds

None Baths

2,340 Sq.Ft.

$2,995,000

MLS#: 25578581

Located just south of Pico Boulevard and north of Olympic, 1810 12th Street offers investors a stabilized, income-producing property in one of Santa Monica's most desirable neighborhoods. This well-maintained 2-story building, built in 1963, features seven units totaling 13 bedrooms and 7 bathrooms across approximately 5,190 square feet of living space on a 7,516 square foot lot. The unit mix includes three 2-bedroom units, one 3-bedroom unit, and three 1-bedroom units. The 3-bed/1-bath unit will be delivered vacant at closing, providing immediate potential for an owner-user or market-rate rental. Current gross annual income is approximately $193,992 with an NOI of $157,010, reflecting a GRM of 12.89 and a cap rate of 6.28%. All units are separately metered for gas and electricity. Parking includes 4 covered carport spaces plus additional uncovered spaces with alley access. Just minutes from the beach, Bergamot Arts District, the Expo Line, and a variety of shopping, dining, and employment hubs, this property presents an exceptional long-term hold or value-add opportunity in a prime Santa Monica location.
#25575313

Santa Monica

1810 12th Street

13 Beds

None Baths

5,190 Sq.Ft.

$2,500,000

MLS#: 25575313

PRIVATE PROPERTY. TOURS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. 522 - 532 Idaho Avenue is a boutique six-unit multifamily investment opportunity located in the heart of Santa Monica's coveted Wilshire-Montana neighborhood. Just one block south of Montana Avenue and six blocks from Palisades Park and Santa Monica Beach, this property offers a rare combination of location, charm, and long-term upside in one of Southern California's most desirable coastal submarkets. Built in 1922, and with major renovations completed in 2025, the property features six 1-bedroom, 1-bathroom bungalow-style units across three separate structures, totaling approximately 3,360 SF of rentable space on a 7,480 SF corner lot. Zoned SMR2, the site benefits from legal non-conforming density and will be delivered with two vacant units, allowing for immediate value-add execution. Current rents are below market, with an estimated 22% rental upside. Offered at $2,700,000, the asset reflects a 4.50% cap rate on current income and a 5.80% cap rate on pro-forma rents. The projected market GRM is 11.89, compared to the current 14.01, highlighting the opportunity for income growth through renovations and lease-up. Recent upgrades include modernized kitchens and bathrooms, new flooring, in-unit washer/dryers, and custom closets. Exterior improvements include new landscaping, fencing, irrigation, and paint, enhancing curb appeal and tenant experience. Located within walking distance to Montana Avenue, Downtown Santa Monica, Santa Monica Beach and Pier, and major employers, with easy access to PCH and I-10, this property benefits from proximity to natural attractions and lifestyle amenities that consistently drive tenant demand in 90403.
#25575611

Santa Monica

522 - 532 Idaho Avenue

6 Beds

None Baths

3,360 Sq.Ft.

$2,700,000

MLS#: 25575611

Unlock the potential of this exceptional income property in the heart of Santa Monica. Set on a 7,500 sq ft lot zoned SMC4, this rare offering includes five detached bungalows and four rentable garages, providing a unique blend of charm, flexibility, and value-add opportunity.With four of the five units delivered vacant, investors have immediate upside through renovation, lease-up, or redevelopment. Whether you're seeking stable rental income, a 1031 exchange candidate, or a future development play, this property offers the versatility and location to match.Ideally situated near the Expo Line, shops, restaurants, and Santa Monica Beach, this is your chance to own a piece of one of L.A.'s most desirable coastal neighborhoods. Don't miss out on this rare find - opportunities like this are few and far between.
#25570821

Santa Monica

1507 14th Street

5 Beds

None Baths

3,230 Sq.Ft.

$2,395,000

MLS#: 25570821

Discover a premier investment opportunity at 1247 Berkeley Street, Santa Monica 90404 an expansive 8,990 SF six-unit apartment building ideally located just steps south of Wilshire Blvd. This exceptionally well-designed property offers an ideal unit mix, featuring mostly large 3-bedroom units, including a spacious 3-bedroom owner's unit with a generous private patio, perfect for owner-occupancy or commanding premium rents. The building also includes a large 2-bedroom unit with square footage comparable to the 3-bedroom layouts, providing flexibility and appeal to a wide range of tenants. Situated in one of Santa Monica's most sought-after neighborhoods with strong rental demand and proximity to top-tier amenities, 1247 Berkeley presents a compelling opportunity for investors seeking size, stability, and long-term upside in a blue-chip location.
#25565285

Santa Monica

1247 Berkeley Street

12 Beds

None Baths

8,990 Sq.Ft.

$3,480,000

MLS#: 25565285

Exceptional numbers, do the math! Prime location in Santa Monica. Walk to the The Water Garden, Lionsgate Entertainment, Edmunds Corporate Campus, the Metro and a plethora of restaurants. SFR: 2/2, completely remodeled, central heat, laundry room w/washer/dryer, large kitchen and living room & 2 parking spaces #C: 1/1 upstairs unit, completely remodeled, wall heater, 2 window AC units , stacked washer/dryer & 1 parking space #B 1/1 bath downstairs completely remodeled with new appliances including stacked washer & dryer w/ 1 parking space #A: 2/1 bath rear unit, completely remodeled, high ceilings, new solar attic fan, central heat, laundry room w /washer/dryer & 2 tandem parking spaces. Buyer to cooperate with Sellers 1031 tax deferred exchange at no cost to Buyer. Units A (2 bedroom) recently vacated and owners are intentionally leaving vacant for new owner.
#25557549

Santa Monica

3017 Colorado Avenue

6 Beds

None Baths

N/A

$2,499,000

MLS#: 25557549

FULLY VACANT HOUSE + 3 UNITS | A unique opportunity to own a fully vacant 4plex in the heart of Santa Monica. Whether you're an owner-user looking to live in one unit and rent the others, or an investor ready to set market rents from day one, this property offers the kind of flexibility that's nearly impossible to find especially in Santa Monica. Located just off Wilshire Blvd, you're minutes from everything: Douglas Park, Whole Foods, Trader Joe's, UCLA Medical Center, The Water Garden and Colorado Center Park. The location of the property has an unbeatable walk score. The front home is a spacious and fully remodeled 3-bedroom, 2-bath house with a den, modern fixtures, a private front deck, and 10-foot privacy shrubs that require virtually no upkeep. Behind it are three remodeled 1-bedroom, 1-bath units, perfect for extended family, guests, or strong rental income. All units will be delivered fully furnished. Additionally, there are three garages in the back that presents strong ADU potential. The property also features a new energy-efficient roof with reflective material, keeping things cool and efficient. With no tenants, this property gives you a rare advantage in Santa Monica full control from day one. Live in the front, lease the back, build out an ADU, or simply hold a strong asset in a coastal market.
#25556463

Santa Monica

1226 Chelsea Ave 1

6 Beds

None Baths

3,038 Sq.Ft.

$2,970,000

MLS#: 25556463

Originally built in 1903, 241 Marine Street sits on a corner lot totaling approximately 6,490 square feet, with underutilized common area space that provides additional value-add potential. A subsequent buyer will have the opportunity to transform the asset into a boutique luxury property through targeted exterior facade enhancements and comprehensive interior renovations. The property consists of three (3) studios, five (5) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) two-bedroom/two-bath unit (*the property is currently being operated as a 9 unit). Additionally, select units feature private patios and ocean views, much of the building remains in largely original condition creating a blank canvas to deliver a premium product that can command top-of-market rents. With ~32% loss-to-lease on in-place rents, there is a clear path to unlock substantial value in a neighborhood underserved by high-end rental inventory. In addition to its unbeatable beachside location, 241 Marine offers proximity to major Westside employment hubs, including Silicon Beach, Culver City, the Santa Monica Media District, and Century City. This connectivity attracts a professional tenant base in tech, media, and entertainment, and supports long-term leasing stability in one of the most resilient and high-barrier rentals markets in the region.
#25553257

Santa Monica

241 Marine Street

12 Beds

None Baths

5,232 Sq.Ft.

$3,400,000

MLS#: 25553257

First time to market in over 40 years! Great owner-user opportunity in desirable, central Santa Monica location! Beautiful, walk-able mid city neighborhood north of Wilshire Blvd. surrounded by restaurants and shops. Strong unit mix consisting of four spacious townhouse style 2 Bed/1.75 Bath units, one 1 Bed/1 Bath unit, and one large 3Bed/2.75Bath owner's unit that is scheduled to be delivered vacant. The owner's unit is townhouse style with bonus basement room and private two car garage. All units at the property have private patios or balconies.
#25545825

Santa Monica

1131 17th Street

12 Beds

None Baths

8,946 Sq.Ft.

$2,850,000

MLS#: 25545825

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here