1047 9th Street, Santa Monica, CA 90403

• 4 beds
• 1,900 sqft

Property Description

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. Plea

Listing Status:

Active

Date Added:

August 25, 2025 at 05:00AM

Listing Office:

Christie's International Real Estate SoCal : 310-893-6223

Listing Agent:

Donald Heller : 424-655-3867

MLS ID:

CL25582909

Interior

• Laundry: DryerWasher
• Flooring: TileWood

Exterior

• Parking: OtherPrivateUncovered Parking Space

Construction

• General: Stucco

Location

• County: Los Angeles

Lot

• Zoning: SMR24281029014
• View: Trees/Woods

This listing courtesy of Donald Heller, Christie's International Real Estate SoCal