2408 Ocean Park Boulevard

Santa Monica, CA 90405

$3,975,000
Price
—
Beds
6,160 Sq. Ft.
$645 / Sq. Ft.
6,160
Sq. Ft.
$645
per Sq. Ft.

Description

UPDATED 10-UNIT BUILDING IN SANTA MONICA This property has been completely renovated with new stucco. Prime Santa Monica Location. Close to restaurants and the beach. 7 vacant units available for rental at market price. Covered parking for 10 cars. Washer and dryer on premises. New renovations including: Freshly painted building with dual-pane windows. New roof within the last two years. New plumbing and electrical work. New earthquake valves and soft story retrofit work. New cabinets, counters,...UPDATED 10-UNIT BUILDING IN SANTA MONICA This property has been completely renovated with new stucco. Prime Santa Monica Location. Close to restaurants and the beach. 7 vacant units available for rental at market price. Covered parking for 10 cars. Washer and dryer on premises. New renovations including: Freshly painted building with dual-pane windows. New roof within the last two years. New plumbing and electrical work. New earthquake valves and soft story retrofit work. New cabinets, counters, sinks, and faucets in most units. Some units have new tile, and all are freshly painted. Most bathrooms have had total or partial remodels. New appliances in 7 units. Several units have been rented are other units are currently being made available for rent. Pro-forma CAP Rate over 5!
  1. Listed by Paul Burrowes • DRE #01955563 • David Lyng Real Estate

Property Details for 2408 Ocean Park Boulevard

City
SANTA MONICA
Building Type
Other
Property Sub Type
Other
Total # Parking Spaces
0
LISTING UPDATED: 10/30/2024 08:17 PM

Property Details for 2408 Ocean Park Boulevard

StatusActive
MLS #ML81979035
Days on Market79
Taxes$46,935 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1961
Lot Size0.15 AC / 6,408 SF
CountyLos Angeles County

Building Information for 2408 Ocean Park Boulevard

Stories-Residences10Year Built1961Building Size-Lot Size0.15 AC / 6,408 SF

Property Information for 2408 Ocean Park Boulevard

Features
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
Lot / Property Details
Home Owners Association
  • HOA: No
Property Details
  • Lot Sq Ft Apx: 6408
  • Lot Size Square Feet: 6408.0
  • Roof: Rolled Composition
  • Sq Ft Apx: 6160
  • Year Built: 1961
  • Zoning: SMR3
Location Details
  • FIPS Code: 06037
  • Parcel Number: 4272-023-031
  • Board ID: Datashare MLSListings
Multi Family Information
General Details
  • Units Total: 10
  • Tenant Pays: Electric, Gas
Income / Expense Details
  • Operating Expenses: Water
Multi Family 5+ Information
Unit 1
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 Rent: 3500
Unit 2
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 Rent: 3500
Unit 3
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 Rent: 2159
Unit 4
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 Rent: 2159
Unit 5
  • Unit # 5 Rent: 1044
Building Details
  • Apx Lot Acres: 0
  • On Site Parking Description: Spaces - Assigned
Income / Expense Details
  • Annual Gross Sched Income: $288,012
  • Annual Taxes: $46,935
  • Annual Util Expense: $0
  • Gross Rent Multiplier: 13.80
  • Net Operating Income: $214,447
Other Financial Information
  • Cap Rate: 5.39
Additional Information
Additional Information
  • Fireplace: No

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 September 4, 2024 by David Lyng Real Estate, it's currently listed at $3,975,000. It has been on the market for a total of 79 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 0-bed, 0-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 David Lyng Real Estate, Paul Burrowes, DRE #01955563

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.