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1118 9th St, Santa Monica, CA 90403

List Price: $3,500,000On Market FlagOn market
Aug 14, 20258,098 sqft16 beds16 baths
Listed by: Benjamin Lewin
License #: 02040686
Phone #: 818-212-2659
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 25578645

Property Description

1118 9th Street is a well-maintained, ten-unit apartment building in an A+ North of Wilshire Santa Monica location- less than a mile from the beach and walking distance to boutique shopping and everyday conveniences. Built in 1967 with a wood-frame and stucco construction, the property features an ideal mix of five one-bedroom/one-bath, one two-bedroom/one-and-a-half-bath, and four two-bedroom/two-bath units, appealing to a wide range of renters. Amenities include gated entry, on-site laundry, and on-premises parking, including a two-car garage plus eight additional spaces. With several units rented well below market, the property offers dependable long-term income growth through natural turnover and renovations- a rare opportunity to acquire an irreplaceable asset in one of Southern California's most coveted rental markets. Surrounded by vibrant neighborhood favorites including Father's Office, Fia, The Courtyard Kitchen, and morethis asset is also a short walk to Montana Avenue's upscale boutiques and cafs (like La La Land Kind, Primo Passo, and Le Caf de la Plage) and just steps from the iconic Third Street Promenade, offering an unmatched walkable lifestyle to restaurants, shops, and entertainment. First time on the market in 50 years.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$39,990

TurboHome Estimated Value

$3,083,000

$381 sqft

High Valuation
$3,237,150
$400/sqft
Normal Valuation
$3,083,000
$381/sqft
Low Valuation
$2,928,850
$362/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$381/sqft$3,083,000

Neighborhood

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Comparative Value

$3.50M

$3.90M

$3.90M

1118 9th St, Santa Monica, CA 90403

List Price: $3,500,000

Subject Property

817 20th St, Santa Monica, CA 90403

Sale Price: $3,900,000

Selected Comparable

811 20th St, Santa Monica, CA 90403

Sale Price: $3,900,000

Selected Comparable

840 18th St, Santa Monica, CA 90403

Sale Price: $3,900,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1118 9th St, Santa Monica, CA 90403

1118 9th St, Santa Monica, CA 90403

List: $3,500,000

Listed: 8/14/2025

Area:8,098 sqft
Price/sqft:$432
Beds:16
Baths:16
Year Built:
Lot Size:7,518

Comparable Properties

COMPARABLE
Choose comps
817 20th St, Santa Monica, CA 90403

817 20th St, Santa Monica, CA 90403

Sale: $3,900,000

8/13/20250.96 mi

Area:9,598 sqft
Price/sqft:$406
Beds:15
Baths:15
Year Built:
Weight:34.7%
811 20th St, Santa Monica, CA 90403

811 20th St, Santa Monica, CA 90403

Sale: $3,900,000

8/13/20250.96 mi

Area:9,598 sqft
Price/sqft:$406
Beds:15
Baths:15
Year Built:
Weight:34.7%
840 18th St, Santa Monica, CA 90403

840 18th St, Santa Monica, CA 90403

Sale: $3,900,000

5/5/20250.77 mi

Area:9,927 sqft
Price/sqft:$393
Beds:15
Baths:15
Year Built:
Weight:30.6%

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