2404 Ocean Park Blvd Open House

Santa Monica,CA 90405

$ 1470000

3 Beds

3 Baths

1122 SqFt


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

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