Kidder Mathews is pleased to present 1811 Ocean Park Boulevard, a 7-unit multifamily investment in the neighborhood of Sunset Park. Offered to the market for the first time in several decades, this prominently located multifamily property originally constructed in 1949 features Studio and Two-Bedroom apartments with abundant outdoor space and on-site parking.
As an investment, the Property offers investors an incredible value-add opportunity. With approximately 20% upside in rents, an investor can implement a strategic interior and exterior renovation with the goal of increasing rents and taking advantage of the strength of the Santa Monica market. In addition, the property features a detached garage which provides excellent potential to create an Accessory Dwelling Unit (ADU) at the property. The property also features coin-operated laundry on-site.
Located just west of the Santa Monica airport, this fantastic location has abundant coffee shops, restaurants, and shops, as well as easy access to parks, beaches, Downtown Santa Monica, Venice, Abbot Kinney, Mar Vista, and much more.