834 9th St, Santa Monica, CA 90403

Property Description

A must see residential income property near 9th and Montana! Fabulous location - easy stroll to Pavilions, Starbucks, and all the trendy shops on Montana. Get your bike out for a quick ride to the Beach or over to Santa Monica Pier. Walking distance to public transportation hubs, and easy drive down Lincoln to Interstate 10. The lot is a 50x150 (7,500 SF) with a 2 bedroom 1 bath single family residence in front, and three 1 bedroom 1 bath units in the rear, all surrounding a quiet, private courtyard. Two of the rear rentals sit above a 4 car garage. The main house is a 2/1 + Den, 1,299 sf home featuring a fireplace, that has never been a rental unit. Unit C, a 562 sf, 1/1, is a ground floor unit that is available for rent. The front house and Unit C share an electrical meter. Unit A, above the garage, is a 679 sf, 1/1, that rents for $1500 per month including a garage. Unit B, also above the garage, is a 640 sf, 1/1, that rents for just under $1,000, including a garage. Units A & B have separate meters. A large storage room and 4 single car garages back to an alley for easy off-street parking. This is an excellent owner/user rental property or a 1031 exchange. Property is being sold as is with no credits to buyer and is subject to City of Santa Monica rent control and Zoning (SMR2). Buyer and Buyer's agents to verify all information regardless of the source including but not limited to sq ft, rooms, lot size, permits, maximum allowable rents, etc.