1224 9th St

What the sale establishes

The reported consideration of $2,650,000 divided by 10 apartments equals $265,000 per unit. The closing date and consideration are reported in Homes.com sale history (The MLS), reviewed September 13, 2026.

Jason Matatiaho represented both sides of this Santa Monica transaction through Lyon Stahl. The 10-unit, 1957 property contains approximately 6,380 square feet. At the reported sale price, that is approximately $415 per building square foot.

Using this sale as a comparable

This is one completed transaction. Applying its price per unit to another building requires a review of lease income, unit mix, physical condition, and sale timing. Historical listing cap rates and rent multipliers are not independently verified operating results at closing.

See this sale in the documented transaction study, including the reporting period, sample size, and calculation method.

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