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.
113 days
|
490
|
25
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Zillow last checked:
Listing updated:
Listed by:
Donald HellerDRE # 01198240424-655-3867,
Christie's International Real Estate SoCal424-249-7162,
Bjorn FarrugiaDRE # 01864250310-998-7175,
Carolwood Estates
Source: CLAW,MLS#: 26666437
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Heating
Has Heating (Unspecified Type)
Cooling
Wall Unit(s)
Appliances
Included: Free Standing Gas, Refrigerator, Washer, Dryer, Range/Oven, Gas Water Heater
Laundry: In Unit
Features
Flooring: Mixed, Tile, Hardwood
Has fireplace: No
Fireplace features: None
Interior area
Total structure area: 1,900
Total interior livable area: 1,900 sqft
Property
Parking
Total spaces: 6
Parking features: Detached, Open, Private
Has garage: Yes
Uncovered spaces: 6
Features
Levels: One
Pool features: None
Spa features: None
Has view: Yes
View description: Trees/Woods
Waterfront features: None
Lot
Size: 7,514 Square Feet
Features: Front Yard, Lawn, Landscaped, Sidewalks, Yard
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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