BuySellBlogBrowse Listings

2408 Ocean Park BoulevardSanta Monica, CA 90405

For Sale

$3,875,000

Smart Buyer Rebate $38,750

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

·

License #00803808

·

Vision Realty, Inc.

·

310-276-8800

Last updated January 21, 2025

·

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.

Full MLS Disclaimers

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.