Just Sold: 1224 9th St, 10 Units in Santa Monica

The James Group is pleased to announce the sale of 1224 9th St, a 10 unit apartment building in the heart of Santa Monica, closed at $2,650,000.

Positioned between Wilshire Blvd and Arizona Ave, the property offered ten one bedroom units across 6,380 square feet on a 7,493 square foot SMR3 lot, with nine on-site parking spaces and a Walk Score of 100. Rents sat well below market, and the SB 1211 ADU pathway gave buyers a second source of upside beyond unit turnover. Interest was strong from investors looking for a stable coastal asset in one of the Westside’s most supply-constrained corridors.

If you own a building in Santa Monica or elsewhere on the Westside and want to know what today’s buyers would pay for it, reach out for a free, confidential valuation.