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.
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“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 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 | $/sqft | Valuation |
---|---|---|
HouseCanary | $381/sqft | $3,083,000 |
Get a detailed valuation report, schedule a tour or make an offer!
“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.”
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
SUBJECT1118 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
COMPARABLEChoose comps
817 20th St, Santa Monica, CA 90403
Sale: $3,900,000
8/13/2025 • 0.96 mi
Area:9,598 sqft
Price/sqft:$406
Beds:15
Baths:15
Year Built:—
Weight:34.7%
811 20th St, Santa Monica, CA 90403
Sale: $3,900,000
8/13/2025 • 0.96 mi
Area:9,598 sqft
Price/sqft:$406
Beds:15
Baths:15
Year Built:—
Weight:34.7%
840 18th St, Santa Monica, CA 90403
Sale: $3,900,000
5/5/2025 • 0.77 mi
Area:9,927 sqft
Price/sqft:$393
Beds:15
Baths:15
Year Built:—
Weight:30.6%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1118 9th St, Santa Monica, CA 90403 | $3,500,000 | 8,098 | $432 | 7,518 | — | 8/14/2025 | 16 | 16 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
817 20th St, Santa Monica, CA 90403 | $3,900,000 | 9,598 | $406 | 8,016 | 0.96 mi | 8/13/2025 | 15 | 15 | — | 34.7% | |
811 20th St, Santa Monica, CA 90403 | $3,900,000 | 9,598 | $406 | 8,016 | 0.96 mi | 8/13/2025 | 15 | 15 | — | 34.7% | |
840 18th St, Santa Monica, CA 90403 | $3,900,000 | 9,927 | $393 | 8,009 | 0.77 mi | 5/5/2025 | 15 | 15 | — | 30.6% |
Nearby Listings
1 similar properties within 5 miles
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