2402 Ocean Park Blvd - Multi-Family FOR SALE


Santa Monica, CA 90405- Sunset Park
$1,925,000 USD
310-561-2384
2402 Ocean Park Blvd, Santa Monica, CA for Sale
$1,925,000 USD
Multi-Family - FOR SALE
1/17
null | 4.21% Cap Rate

2402 Ocean Park Blvd
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Turnkey duplex featuring a vacant 3-bed/2-bath unit and a 2-bed/1-bath unit—ideal for owner-users
  • Fully updated interiors with remodeled kitchens and baths, stainless steel appliances, and recessed lighting
  • Modern comforts include central AC, in-unit laundry, dual-pane windows, and high-efficiency systems
  • Recent upgrades: copper plumbing, updated electrical, new water heaters, and improved drain lines
  • Prime Sunset Park location near Whole Foods, Trader Joe’s, Clover Park, top-rated schools, and Ocean Park dining—with a high Walk Score
  • Ability to build two ADU's, with a pro-forma cap rate of 6.75%!

OVERVIEW

**CAN BE PURCHASED INDIVIDUALLY OR WITH ADJACENT TRIPLEX!**This turnkey duplex is located in the heart of Santa Monica’s Sunset Park, just steps from everything Ocean Park Blvd has to offer. 2402 Ocean Park Blvd is perfect for an owner-user, investor, or buyer looking to unlock rental income in a prime Westside location. The building offers 1,940 sq. ft. of living space across two spacious units: a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.80% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe’s, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! 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.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$992 USD /SF

# OF UNITS

2

PRICE/UNIT

$962,500

CAP RATE

4.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,398 SF

ZONING

SMR3*

APN/PARCEL ID

4272-023-033

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.