2404 Ocean Park Blvd - Multi-Family FOR SALE


Santa Monica, CA 90405- Sunset Park
$1,470,000 USD
310-561-2384
2404 Ocean Park Blvd, Santa Monica, CA for Sale
$1,470,000 USD
Multi-Family - FOR SALE
1/19
null | 4.94% Cap Rate

2404 Ocean Park Blvd
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Turnkey Mid-Century triplex with two REMODELED 1-bed units (two vacant) + a studio—ideal for owner-users or investors
  • Stylish upgrades throughout: hardwood floors, vaulted ceilings, recessed lighting, AC, and stainless steel appliances.
  • Private patios for each 1-bedroom unit + on-site storage for added income potential.
  • Major system updates: copper plumbing, new water heaters, upgraded electrical and drain lines.
  • Prime Sunset Park location near Trader Joe’s, Whole Foods, parks, schools, and top local restaurants—with ADU potential.
  • Ability to build three ADU's with a pro-forma cap rate of 8.55%!

OVERVIEW

**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 includes 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 boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving 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.

FOR SALE DETAILS

PRICE

$1,470,000 USD

PRICE/SF

$1,310 USD /SF

# OF UNITS

3

PRICE/UNIT

$490,000

CAP RATE

4.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,267 SF

ZONING

SMR3*

APN/PARCEL ID

4272-023-032

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.