2404 Ocean Park Blvd Open House Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90405
OPEN HOUSE
Sat Jul 12, 1:00pm - 4:00pm Sun Jul 13, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,122 sqft
Price per Sqft $1,310
MLS Listing ID SB25120412
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1948
Lot Size 3,358 Sqft
Property Sub-Type Triplex
Property Description
**Seller is offering a rate buy-down to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month, which is less than the average rent in Santa Monica!**
This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.
The property features two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio, which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boost to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, upgraded electrical systems, and new water heaters, providing peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate!
With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3
Rooms
Main Level Bedrooms 1
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
View Y/N Yes
Accessibility Parking
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Triplex
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4272023032
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard