1047 9th St Santa Monica, CA 90403
Wilshire Montana NeighborhoodEstimated payment $16,475/month
Total Views
38,506
4
Beds
3
Baths
1,900
Sq Ft
$1,526
Price per Sq Ft
Highlights
- View of Trees or Woods
- Wood Flooring
- 6 Car Detached Garage
- Roosevelt Elementary School Rated A+
- Electric Vehicle Charging Station
- 5-minute walk to Christine Emerson Reed Park
About This Home
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*
Listing Agent
Christie's International Real Estate SoCal License #01198240 Listed on: 08/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,738
Year Built
- Built in 1923 | Remodeled
Lot Details
- 7,513 Sq Ft Lot
- West Facing Home
- Historic Home
Home Design
- Bungalow
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 1,900 Sq Ft Home
- 1-Story Property
- Views of Woods
- Oven or Range
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 6 Car Detached Garage
- Uncovered Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Floor Furnace
- Gas Water Heater
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 4281-029-014
Community Details
Overview
- 3 Buildings
- 3 Units
- Electric Vehicle Charging Station
Building Details
- Rent Control
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $13,738 | $1,096,000 | $922,000 | $174,000 |
| 2024 | $13,738 | $1,096,000 | $922,000 | $174,000 |
| 2023 | $13,766 | $1,096,000 | $922,000 | $174,000 |
| 2022 | $13,835 | $1,096,000 | $922,000 | $174,000 |
| 2021 | $13,728 | $1,096,000 | $922,000 | $174,000 |
| 2020 | $13,064 | $1,036,000 | $871,000 | $165,000 |
| 2019 | $13,167 | $1,829,693 | $1,538,482 | $291,211 |
| 2018 | $16,692 | $1,400,000 | $1,115,000 | $285,000 |
| 2016 | $20,053 | $1,695,000 | $1,400,000 | $295,000 |
| 2015 | $12,179 | $1,001,000 | $851,000 | $150,000 |
| 2014 | $19,843 | $1,665,000 | $1,400,000 | $265,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,900,000 | 0.0% | $1,526 / Sq Ft | |
| 11/13/2017 11/13/17 | Rented | $5,800 | 0.0% | -- | |
| 10/25/2017 10/25/17 | Price Changed | $5,800 | -10.8% | $3 / Sq Ft | |
| 10/09/2017 10/09/17 | For Rent | $6,500 | +80.6% | -- | |
| 06/24/2017 06/24/17 | Rented | $3,600 | +2.9% | -- | |
| 06/22/2017 06/22/17 | For Rent | $3,500 | -46.2% | -- | |
| 04/19/2017 04/19/17 | Rented | $6,500 | 0.0% | -- | |
| 04/04/2017 04/04/17 | For Rent | $6,500 | +85.7% | -- | |
| 03/20/2016 03/20/16 | Rented | $3,500 | 0.0% | -- | |
| 03/15/2016 03/15/16 | Price Changed | $3,500 | -6.7% | $2 / Sq Ft | |
| 03/03/2016 03/03/16 | For Rent | $3,750 | +7.1% | -- | |
| 02/27/2015 02/27/15 | Rented | $3,500 | 0.0% | -- | |
| 02/27/2015 02/27/15 | Under Contract | -- | -- | -- | |
| 02/22/2015 02/22/15 | For Rent | $3,500 | 0.0% | -- | |
| 11/25/2013 11/25/13 | Sold | $1,665,000 | -12.4% | $876 / Sq Ft | View Prior Sale |
| 11/20/2013 11/20/13 | Pending | -- | -- | -- | |
| 05/05/2013 05/05/13 | For Sale | $1,900,000 | -- | $1,000 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Equity Title Company | |
| Deed | -- | None Available | |
| Grant Deed | $1,665,000 | Lawyers Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Accommodation | |
| Grant Deed | $1,600,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $908,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $960,000 | Negative Amortization |
Source: Public Records
About the Listing Agent
Don Heller entered real estate in 1996 after a 20-year career as an international CEO in the healthcare and computer automation arenas. He moved to Los Angeles 35 years ago and it is the relationships he established through each real estate opportunity that allowed him to grow his business through referrals. Don has gained knowledge from practicing real estate throughout the Los Angeles basin. He has been repeatedly recognized for his success in new developments, particularly through his
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Source: The MLS
MLS Number: 25582909
APN: 4281-029-014
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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