1047 9th Street,Santa Monica, CA 90403
Santa Monica, CA 90403
Description
Live in the heart of Santa Monica's coveted Wilshire Montana neighborhood while generating income from your own property. 1047 9th Street offers a rare owner-user opportunity to occupy one of three beautifully updated bungalows, each with private outdoor space, in-unit laundry, and dedicated parking with EV charging. Enjoy a walkable, Santa Monica lifestyle just steps from the iconic Montana Avenue's premier shopping, dining, and fitness, and a short stroll to the beach, an ideal blend of comfort, charm, and everyday convenience in one of Santa Monica's most desirable neighborhoods. Beyond the lifestyle appeal, this Mills Act-designated property provides significant property tax savings, enhancing cash flow and long-term financial performance. The three-unit compound is well-positioned for strong rental demand and low vacancy, with additional upside through the potential to add one to two two-bedroom units, projecting up to $120,000 in additional annual income. Combining historic character with modern amenities and future development potential, this is a unique opportunity to own a tax-advantaged, income-producing asset with both immediate returns and long-term growth. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants. Disclaimer: Images have been virtually staged.
Details
| MLS # | 26666437 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 163 |
| Listing Provided By | Christie's International Real Estate SoCal | Donald Heller |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,900 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | SMR2* |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Appliances | Refrigerator, Dryer, Washer |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Raised |
| Lot Features | Front Yard, Lawn, Landscaped, Yard |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Private, Uncovered |
Utilities
| Sewer | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90403 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90403) | |
Price: $2,595,000 low | high Med: $3,197,500 sqft: 1,900 low | high Med: 5,324 $ / sqft: $1,366 low | high Med: $714 On site: 163 low | high Med: 91.5 | |
Market Activity 90403
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90403 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90403) | |
Price: $2,595,000 low | high Med: $3,197,500 sqft: 1,900 low | high Med: 5,324 $ / sqft: $1,366 low | high Med: $714 On site: 163 low | high Med: 91.5 | |