1834 9th Street 5, Santa Monica, California 90404, Santa Monica, 90404 - 1 bed, 1 bath
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1834 9th Street 5
Santa Monica, California 90404
ACTIVE
CONDITION: FAIR
1Beds
1Baths
620Sq Ft
7,286Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$496,770
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well above the $495,757 Fair Market Value by -10%. While the pricing reflects a premium, the unit’s Fair Condition Rating and 620 sqft footprint offer a clear path for value-add renovations. Featuring a rare expansive private patio and secured parking, this asset is perfectly positioned for Buy-and-Hold Investors or first-time buyers looking to capitalize on the high-demand Santa Monica coastal market through strategic cosmetic upgrades.
Estimated Market Value
$496,770
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, this unit is over 60 years old and features dated elements including an older wall heater and a non-traditional kitchen with aging finishes. While functional and livable, the listing description explicitly notes the need for 'light TLC' and 'custom upgrades,' aligning with the Fair criteria for properties needing minor repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in a highly desirable Santa Monica neighborhood, the property offers exceptional proximity to the beach, Santa Monica Pier, and 3rd Street Promenade, ensuring strong long-term value.
- Private Outdoor Space
The unit features a rare, expansive private patio that serves as a significant outdoor sanctuary, a highly sought-after amenity for a one-bedroom condominium in this area.
- Investment Upside
Priced competitively with a low HOA fee and secured parking, this property presents a high-upside opportunity to build instant equity through cosmetic renovations and light TLC.
CONSRISKS & DEFICIENCIES
- Dated Condition
Built in 1960, the unit requires modern upgrades and light repairs, which may necessitate additional immediate capital investment from the buyer.
- Limited Living Area
At 620 square feet, the compact interior footprint may limit appeal for buyers seeking more spacious living quarters or ample storage.
About 1834 9th Street 5
PRIME SANTA MONICA INVESTMENT OPPORTUNITY! Situated on a picturesque, tree-lined street just minutes from the sands of Santa Monica Beach, the iconic Pier, and 3rd Street Promenade, this light-filled 1BD/1BA top-value condo offers incredible potential as a lucrative short-term rental or coastal retreat. West-facing windows capture maximum natural sunlight and refreshing ocean breezes throughout the day. Step outside to your own expansive, private patio spacea rare outdoor sanctuary perfect for morning coffee, alfresco dining, or entertaining. The unit is in good, solid overall condition while providing a perfect canvas for your custom upgrades and light TLC to unlock instant equity and maximize rental returns. Additional highlights include one secured parking space in an area where parking is a premium, along with a peaceful, shaded neighborhood ambiance. Don't miss this rare chance to secure high-upside Santa Monica real estate with unbeatable coastal proximity!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1960
- Lot Size
- 7,286 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $275.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 620 | 1,332.636 |
| Lot Size | 7,286 | 8,171.182 |
| Price | $549.0K | $1.30M |
| Price per sq ft | $885 | $979 |
| Built year | 1960 | 1976 |
| HOA | $275.0 | $553 |
| Days on market | 43 | 57 |
Pricing History
Listed for Sale
Jul 28, 2026
$549,000
Initial Listing
Sold
Jun 22, 2016
$485,000
Public Record
Sold
Jun 9, 1994
$105,000
Public Record