$5,100,000
1217 9th Street, Santa Monica CA 90401
Multi-Family (13 Units)
Property type
14 days
On market
$1,069
Price per sqft
N/A
Garage
1924
Year built
7,514 sqft
Lot size
Open Houses
Overview
Fully renovated 13-unit multifamily investment opportunity located in the heart of Downtown Santa Monica, just blocks from the beach, Third Street Promenade, Metro Expo Line, and Silicon Beach employment hubs. The property consists of thirteen studio units and has undergone an extensive top-to-bottom renovation, blending modern coastal design with major system...
Listing provided by: Kelly Morgan DRE #01898026 310-836-3638, Houze Real Estate Management
Listing updated: May 30, 2026 at 07:18am.
Last checked: Jun 2, 2026 at 04:00pm
Source: CRMLS #26837741
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 0 | 1 | — | $2,265 | $27,176 | $28,800 | Unfurnished |
| 1 | 0 | 1 | — | $2,545 | $2,545 | $2,600 | Unfurnished |
# of Buildings: 1
# of Units Total: 13
Financial Snapshot
Gross Rent Multiplier
14.2x
List Price / Annual Gross Rent
Cap Rate
4.78%
NOI / List Price
Net Operating Income: $243,651
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Exterior
Stories Total: 0
Levels: One
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4282008019
Zoning: SMR3*
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1217 9th Street, Santa Monica, CA 90401. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,080,000
Total Interest
$5,203,815
Total Payment
$9,283,815
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$31,251
per month
Property History for 1217 9th Street
Santa Monica Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90401.
Similar Homes
Listings with similar prices to 1217 9th Street