1041 9th Street, Santa Monica, California 90403, Santa Monica, 90403 - bed, bath

1041 9th Street, Santa Monica, California 90403 home-pic-0

1041 9th Street

Santa Monica, California 90403

ACTIVE
CONDITION: FAIR
0Beds
0Baths
9,962Sq Ft
7,512Lot Size

Property Price

LIST PRICE$4,950,000

SUMMARY

Analysis of 1041 9th Street, Santa Monica, California 90403 is currently available with a list price of $4,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1970, this multifamily property is well-maintained and functional but shows clear signs of age. While units feature some updates such as stainless steel appliances, stone countertops, and laminate flooring, the bathrooms, windows, and overall architectural style remain dated. The property lacks a recent comprehensive renovation, and the listing itself notes aging infrastructure as a weakness.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Franklin Elementary School (9/10).

  • Prime Coastal Location

    Situated in a highly sought-after Santa Monica neighborhood near Montana Avenue and the beach, the property benefits from exceptional proximity to high-end retail, dining, and major employment centers.

  • Top-Tier School District

    The property is served by elite public schools with ratings of 8 and 9, including Franklin Elementary and Lincoln Middle School, which drives consistent demand from high-quality tenants.

CONSRISKS & DEFICIENCIES

  • Aging Infrastructure

    Built in 1970, the property may require substantial capital expenditures for modernization and system upgrades to remain competitive with newer multifamily developments in the area.

  • Regulatory Constraints

    As a multifamily asset in Santa Monica, the property is subject to some of the state's most stringent rent control ordinances, which can limit immediate rental upside and operational flexibility.

About 1041 9th Street

Premier multifamily investment opportunity located in the highly sought-after city of Santa Monica, one of Southern California’s most stable and supply-constrained rental markets. The property is ideally positioned in a desirable residential neighborhood, just moments from Montana Avenue, Downtown Santa Monica, and Santa Monica Beach, offering exceptional proximity to employment centers, retail, dining, and lifestyle amenities. Santa Monica continues to demonstrate strong rental demand driven by its coastal location, affluent demographics, limited new housing development, and historically low vacancy rates. These market fundamentals provide investors with durable income stability, long-term appreciation potential, and a defensive investment profile. The property offers an attractive opportunity for both current income and future value enhancement, supported by consistent tenant demand and the long-term strength of the Santa Monica multifamily market. This asset is well-suited for investors seeking a high-quality coastal holding in a premier West Los Angeles submarket.

Property Details

Public Facts

Property Type
Mixed Use
Year Built
1970
Lot Size
7,512 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Santa Monica Unified Schools

Roosevelt Elementary School

Grades K-5 • 0.4 mi

8/10

Franklin Elementary School

Grades PK-5 • 1.2 mi

9/10

Lincoln Middle School

Grades 6-8 • 0.4 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
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Built year1970-
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HOA$0$0
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Pricing History

Listed for Sale

Mar 5, 2026

$4,950,000

Initial Listing

Sold

Dec 1, 1995

$875,000

Public Record

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