Major changes! 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. Previously owner kept seven units vacant in order to remodel. There are now eight leased and applications submitted. The building has just been painted, dual-pane windows have been installed, and a new roof. The building has been repiped and had a lot of new electrical. The soft story retrofit work and earthquake valves are completed. Eight of the units have now been remodeled. Most of the kitchens have new cabinets, counters, sinks, faucets and appliances. 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. There is covered parking for 10 cars and a coin operated washer dryer fully owned. This is one of the best priced buildings in Santa Monica with a great cap rate.
Listed by Harvey Stern
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License #00803808
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Vision Realty, Inc.
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310-276-8800
Last updated January 21, 2025
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Source: CRMLS #24399279
Listing Facts
TypeMulti-family
NeighborhoodSunset Park
Days on Prevu404
Size6,160 sqft
Price per sqft$629
Amenities
Parking
Location
Mortgage Calculator
Listing History
01/08/2025
Price Decreased
$3,875,000
09/07/2024
Price Decreased
$3,975,000
07/30/2024
Listed by Vision Realty, Inc.
$4,150,000
Property Details for 2408 Ocean Park Boulevard
Exterior
Construction
Number Of Units Total: 10
Property Condition: Updated/Remodeled
Stories: 2
Stories Total: 2
Window Features: Double Pane Windows
Year Built: 1961
Entry Location: Ground Level - no steps
Measurements
Building Area Total: 6,160
Lot Size Acres: 0.14
Lot Size Area: 6,408
Lot Size Dimensions: 49,130
Lot Size Square Feet: 6,408
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.56
Gross Income: $6,000.00
Taxes
Parcel Number: 4272023031
Interior
Measurements
Living Area: 6,160
Parking
Parking
Parking Features: Covered
Parking Total: 10
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Common Area
Sewer: Other
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.