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!
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