NOT LISTED FOR SALE
11 Beds
10 Baths
4,292 Sq Ft
7,405 Sq Ft Lot

Last Sold November 06, 2020

Last sale price $2,960,000 $690 Per Sq Ft

122 Days on Market

About This Home

As of November 2020

Major Price Reduction! Asking $315,000/unit and 14.60 GRM. 1432 9th Street is located just blocks from the beach in a prime location of Santa Monica. Just South of Santa Monica Blvd and walking distance to local coffee shops and restaurants, the building boasts an incredible unit mix of (9) 1+1 and (1) 2+1 with laundry in the unit. The units have approximately 30% upside potential in rents and four of the units have laundry machines in the unit. The Sellers have replaced most of the plumbing with with copper, many of the windows have been replaced, and all units have hardwood flooring. Three units will be vacant, #5 ,#6, and #7 and the projected income shown is $2,100 for each. We also include $500/month in projected income for the 3 garages that will be vacated. All Offers are subject to interior inspections. PLEASE DO NOT DISTURB THE TENANTS!

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 04/27/2020

RE/MAX One

Co-Listed By

Jason Flashman

Keller Williams Encino/Sherman Oaks License #01841976

Last Buyer's Agent

Chase Simonton

Keller Williams-Santa Monica License #01766871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,487

Parking

  • 4 Car Garage

Interior Spaces

  • 4,292 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Additional Features

  • 7,487 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4282-027-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

7,487 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4292
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 733.92

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 51094
  • Assessed Land Value: 86162
  • Assessor Parcel Number: 4282-027-007
  • Geocode Override: No
  • Lot Size Area: 7487

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 14.60
  • Number Of Units: 10
  • Rent Control: 100
  • Type Of Units: 1+1, 2+1
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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 List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $2,960,000 -6.0% $690 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $3,150,000 0.0% $734 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/14/2020 07/14/20 Price Changed $3,150,000 -6.0% $734 / Sq Ft
05/27/2020 05/27/20 For Sale $3,350,000 0.0% $781 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $3,350,000 -- $781 / Sq Ft
Source: The MLS

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 $38,002 $3,203,997 $2,242,798 $961,199
2024 $38,002 $3,141,174 $2,198,822 $942,352
2023 $37,404 $3,079,583 $2,155,708 $923,875
2022 $36,954 $3,019,200 $2,113,440 $905,760
2021 $36,063 $2,960,000 $2,072,000 $888,000
2019 $3,306 $144,299 $89,642 $54,657
2018 $3,042 $141,500 $87,885 $53,615
2016 $2,841 $134,566 $84,473 $50,093
2015 $2,805 $132,546 $83,205 $49,341
2014 $2,857 $129,951 $81,576 $48,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-573786

The MLS
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