Tracey Becker
Compass
(424) 374-2804
111 Total Sales
3 in Wilshire Montana
$1.6M - $1.9M Price Range
1025 9th St Santa Monica, CA 90403
Wilshire Montana Neighborhood
15
Beds
14
Baths
8,124
Sq Ft
7,510
Sq Ft Lot
About This Home
As of January 20213 units have been recently VACATED. 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.
Last Agent to Sell the Property
Patrick Hattori
Patrick Hattori License #01267789 Listed on: 03/19/2020
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 7,510 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- 10 Carport Spaces
Home Design
- Apartment
Interior Spaces
- 8,124 Sq Ft Home
- 2-Story Property
- Laundry in Carport
Bedrooms and Bathrooms
- 15 Bedrooms
- 14 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 51303
- Assessor Parcel Number 4281029017
Community Details
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- Gardener Expense $2,741
- Insurance Expense $5,302
- Maintenance Expense $3,153
- Other Expense $8,047
- Professional Management Expense $10,323
- New Taxes Expense $47,850
- Operating Expense $88,173
- Gross Income $224,368
- Net Operating Income $136,195
Additional Features
- 10 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wilshire Montana, CA
-
Tracey Becker
-
Sierus Erdelyi
Sierus Erdelyi
TruLine Realty
(424) 374-0268
178 Total Sales
1 in Wilshire Montana
$1,660,000 Price
-
Haleh Dolatshahi
Haleh Dolatshahi
Rodeo Realty- Brentwood
(424) 301-8260
12 Total Sales
2 in Wilshire Montana
$1.7M - $2.6M Price Range
-
Raymond Dominguez
Raymond Dominguez
Engel & Völkers
(424) 359-1336
12 Total Sales
1 in Wilshire Montana
$1,729,000 Price
-
Susan Kastner
Susan Kastner
Compass
(424) 577-6015
46 Total Sales
9 in Wilshire Montana
$723K - $6.5M Price Range
-
Chris Hicks
Chris Hicks
The Agency
(310) 294-8277
30 Total Sales
3 in Wilshire Montana
$1.6M - $7.3M Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2021 01/22/21 | Sold | $3,850,000 | -11.5% | $474 / Sq Ft |
| 01/11/2021 01/11/21 | Pending | -- | -- | -- |
| 11/24/2020 11/24/20 | For Sale | $4,350,000 | +13.0% | $535 / Sq Ft |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- |
| 06/18/2020 06/18/20 | Off Market | $3,850,000 | -- | -- |
| 06/18/2020 06/18/20 | For Sale | $4,350,000 | +13.0% | $535 / Sq Ft |
| 03/23/2020 03/23/20 | Off Market | $3,850,000 | -- | -- |
| 03/19/2020 03/19/20 | For Sale | $4,350,000 | -- | $535 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $52,329 | $4,167,362 | $3,030,809 | $1,136,553 |
| 2024 | $49,097 | $4,085,650 | $2,971,382 | $1,114,268 |
| 2023 | $48,326 | $4,005,540 | $2,913,120 | $1,092,420 |
| 2022 | $47,749 | $3,927,000 | $2,856,000 | $1,071,000 |
| 2021 | $11,135 | $799,881 | $300,308 | $499,573 |
| 2020 | $11,057 | $791,680 | $297,229 | $494,451 |
| 2019 | $10,945 | $776,157 | $291,401 | $484,756 |
| 2018 | $10,271 | $760,939 | $285,688 | $475,251 |
| 2016 | $9,770 | $731,394 | $274,596 | $456,798 |
| 2015 | $9,648 | $720,409 | $270,472 | $449,937 |
| 2014 | $9,594 | $706,298 | $265,174 | $441,124 |
Source: Public Records
Agents Affiliated with this Home
-
P
Seller's Agent in 2021
Patrick Hattori
Patrick Hattori
-
G
Buyer's Agent in 2021
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20061877
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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