2408 Ocean Park Boulevard Santa Monica, CA $ 3,975,000
2408 Ocean Park Boulevard
$ 3,975,000
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2408 Ocean Park Boulevard

Santa Monica, CA, 90405
$ 3,975,000
Baths2.0 Sq 6,160

Monthly Estimate*

$ 23,807

Listed by Vision Realty, Inc.
2408 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 1
2408 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 2
Studio

Multi-Family Home for sale in Santa Monica, CA

for $3,975,000 with 2 full baths. This 6,160 square foot home was built in 1961 on a lot size of 0.1471.

Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The present owner kept seven units vacant in order to remodel them but is just starting to rent them. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, The building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and installed new earthquake valves. Seven of the units have just been remodeled. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. The units will have new appliances installed as three additional units are currently being done. Seven units are vacant and can be rented at market price according to the city of Santa Monica. That process has begun. The buyer should verify and double-check that information with the City. There is covered parking for 10 cars. The building will need window coverings in the seven units.

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Multi-Family Active

Price

$ 3,975,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1471

Year Built

1961

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24399279

Days on Market

54

Features
General
Sewer Other
Heating WallFurnace
Cooling None
Zoning SMR3*
Year Built 1961
Tenant Pays Electricity
Stories 2
Levels Two
Gross Income 1.0
County Los Angeles
Net Operating Income 225969.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions 10 to Centinela South to Ocean Park West . Ocean Blvd and 23rd Street
City Santa Monica
Disclosures RentControl
Entry Location Ground Level - no steps
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 10
MLS Area C14 - Santa Monica
Lot Size Units SquareFeet
Lot Size Square Feet 6408.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 49
Standard Status Active
Cap Rate 5.68
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Exterior
Parking Features Covered
Total Parking 10.0
Lot Size Area 6408.0
Number of Buildings 1
Spa N
Building Area Total 6160.0
Lot Dimensions 49x130
Lot Size Acres 0.1471
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features CommonArea
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 2408
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* Excluded Features
List By
Vision Realty, Inc.

Broker

(310) 276-8800

Phone

Affordability Calculator

$23,807
Per Month
100%
0%
0%
Monthly Principal & Interest
$23,807
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2024$3,975,000 -4.22% Price Down
8/1/2024$4,150,000 Listed Price

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2408 Ocean Park Boulevard, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $3,975,000 with 6,160 sqft and a lot size of 0.1471. 2408 Ocean Park Boulevard is a studio with 2.0 baths and was built in 1961. The property's zip code is 90405 which is in Santa Monica, CA