$3,500,000

1118 9th St Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated payment $22,570/month

Total Views 257
16 Beds
16 Baths
8,098 Sq Ft
$432 Price per Sq Ft

About This Home

1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations- a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and morethis asset is also a short walk to Montana Avenue's upscale boutiques and cafs (like La La Land Kind, Primo Passo, and Le Caf de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. First time on the market in 50 years.

Listing Agent

Benjamin Lewin

Marcus & Millichap License #02040686 Listed on: 08/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Interior Spaces

  • 8,098 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 10 Parking Spaces
  • Covered Parking

Additional Features

  • 7,520 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units
  • Vacancy Allowance $7,152

Listing and Financial Details

  • Assessor Parcel Number 4281-035-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8098
  • Lot Acreage: 0.1726
  • Year Built: 1967
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 432.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Garage - 2 Car
  • Total Parking: 10

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 62.08
  • Assessed Improvement Value: 351109
  • Assessed Land Percent: 37.92
  • Assessed Land Value: 214428
  • Total Assessed Value: 565537
  • Assessor Parcel Number: 4281-035-004
  • Lot Size Area: 7520

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.68
  • Number Of Units: 10
  • Total Annual Expense: 89033
  • Type Of Units: 10
  • Vacancy Allow: 7152
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $3,500,000 0.0% $432 / Sq Ft
04/24/2025 04/24/25 Off Market $2,500 -- --
04/08/2025 04/08/25 For Rent $2,500 0.0% --
01/17/2025 01/17/25 Off Market $2,500 -- --
11/09/2024 11/09/24 For Rent $2,500 0.0% --
09/30/2024 09/30/24 For Rent $2,500 0.0% --
08/08/2023 08/08/23 For Rent $2,500 0.0% --
07/29/2023 07/29/23 Price Changed $2,500 +8.7% $4 / Sq Ft
06/27/2023 06/27/23 Price Changed $2,300 -32.4% $4 / Sq Ft
06/23/2023 06/23/23 For Rent $3,400 -- --
Source: The MLS

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Source: The MLS

MLS Number: 25578645

The MLS

California Los Angeles County Santa Monica 90403 Wilshire Montana

1118 9th St, Santa Monica, CA

This home is located at 1118 9th St, Santa Monica, CA 90403 and is currently priced at $3,500,000, approximately $432 per square foot. This property was built in 1967. 1118 9th St is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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The MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Benjamin Lewin
Listing Agent
Benjamin Lewin
Section Image
Marcus & Millichap
(424) 339-2246