1802 Ocean Park Boulevard

Santa Monica, CA 90405

$3,195,000
Price
13
Beds
7
Baths
5,968 Sq. Ft.
$535 / Sq. Ft.
5,968
Sq. Ft.
$535
per Sq. Ft.

Description

1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the...1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented. With its well-maintained exterior and stylish landscaped surroundings this building has great curb appeal which adds to the overall value of the property. The building's prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To name a few great shops and restaurants there are: Local Kitchen & Wine Bar, Thyme Cafe & Market, Brook Rod, Bob's Market, Love Coffee, Handel's Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School, and Santa Monica City College. For Value Add - Perfect opportunity to covert the garage into ADU's - Possibly 2!

Listing Agent

  1. Tim Byrne

    Tim Byrne

    Listing Agent

    Compass

    DRE #01186465

    tim.byrne@compass.com

    P: (310)-801-3442

Property Details for 1802 Ocean Park Boulevard

Zoning
SMR3*
Parcel Number
4272001001
Total Units
7.0
Living Area
5968
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
2807
Lot Size Area
6905
LISTING UPDATED: 11/09/2024 06:41 AM

Property Details for 1802 Ocean Park Boulevard

StatusActive
MLS #24-395129
Days on Market180
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.16 AC / 6,905 SF
CountyLos Angeles County

Building Information for 1802 Ocean Park Boulevard

Stories2Residences-Year Built1949Building Size-Lot Size0.16 AC / 6,905 SF

Property Information for 1802 Ocean Park Boulevard

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 7
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: As Is, Trust/Conservatorship
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $277,861
  • Net Operating Income: $195,338.00
  • Gross Income: $280,668
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: $12.30
  • Vacancy Allow Percent: 1.00%
  • Total Annual Expense: 82523
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1585
  • Lot Size Square Feet: 6905
Parking Details
Parking Details
  • Parking Garage: Converted Garage
  • Total Parking: 6
  • Covered Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Converted Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 05-24-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,384.00
  • Unit Actual Rent: $2,384.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,905.00
  • Unit Actual Rent: $1,905.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $152,455.00
  • Assessed Improvement Percent: 51.97
  • Assessed Land Value: $140,902.00
  • Assessed Land Percent: 48.03
  • Assessed Total Value: $293,357.00

Property History for 1802 Ocean Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1802 Ocean Park Boulevard

Taxable ValueLand$143,720Additions$156,226Total$299,946
Tax Record2024$5,269 ($439 / month)
Home Facts
Total Finished SqFt5,968 SqFtAbove Grade Finished SqFt5,968 SqFtLot Size6,903 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningSMR3*CountyLOS ANGELESAPN4272-001-001

Schools near 1802 Ocean Park Boulevard

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Grant Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1802 Ocean Park Boulevard is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on May 24, 2024 by Compass, it's currently listed at $3,195,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Grant Elementary School, John Adams Middle School and Santa Monica High School. 1802 Ocean Park Boulevard is a 13-bed, 7-bath, 5,968 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tim Byrne, DRE #01186465

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.