2408 Ocean Park Boulevard

Santa Monica, CA 90405

$3,975,000
Price
9
Beds
12
Baths
6,160 Sq. Ft.
$645 / Sq. Ft.
6,160
Sq. Ft.
$645
per Sq. Ft.

Description

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...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.
  1. Listed by Harvey Stern • DRE #00803808 • Brokerage DRE #00803808 • Vision Realty, Inc.

Property Details for 2408 Ocean Park Boulevard

Zoning
SMR3*
Parcel Number
4272023031
Total Units
10.0
Living Area
6160
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
4%
Lot Size Area
6408
LISTING UPDATED: 09/17/2024 04:18 PM

Property Details for 2408 Ocean Park Boulevard

StatusActive
MLS #24-399279
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,408 SF
CountyLos Angeles County

Building Information for 2408 Ocean Park Boulevard

Stories2Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,408 SF

Property Information for 2408 Ocean Park Boulevard

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: multifamily
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $288,012
  • Net Operating Income: $225,969.00
  • Gross Income: $1
  • Cap Rate: 5.68%
  • Gross Rent Multiplier: $14.10
  • Laundry Income: $1
  • Vacancy Allow Dollar: $11,280.00
  • Vacancy Allow Percent: 4.00%
  • Owner Pays: Water
  • Total Annual Expense: 62042
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1471
  • Lot Size Square Feet: 6408
  • Lot Size Dimensions: 49x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 10
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: None
  • Cooking Appliances: None
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Sprinklers: None
  • Entry Location: Ground Level - no steps
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-31-2024
  • Rent Control: Yes
  • Rent Control: 30
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,159.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $1,822.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $1,044.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,173,000.00
  • Assessed Improvement Percent: 30.07
  • Assessed Land Value: $2,728,500.00
  • Assessed Land Percent: 69.93
  • Assessed Total Value: $3,901,500.00

Property History for 2408 Ocean Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2408 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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2408 Ocean Park Boulevard is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on July 30, 2024 by Vision Realty, Inc., it's currently listed at $3,975,000. It has been on the market for a total of 145 days and was last sold on May 9, 2022. 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. 2408 Ocean Park Boulevard is a 9-bed, 12-bath, 6,160 sqft multi-family home built in 1961.

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 Vision Realty, Inc., Harvey Stern, DRE #00803808

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.