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1047 Ocean Park Blvd
Santa Monica, CA 90405
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 5,296-SF Building on 6,617-SF Corner Lot | Highly Desirable Unit Mix of (Five) 2-Bedroom/1-Bathroom Units & (Two) Studio/1-Bathroom Units
- Retrofit Completed Within the Last 2 Years | Foundation Work Tie Down Completed in 2023
- Less Than One Mile from Santa Monica Beach, Main Street & the Pacific Ocean | Santa Monica Employment Hub
- One of the 2-Bedroom Units is a Spacious Townhouse Unit | 4.42% Current Cap Rate, 15.57 Current GRM & $406,429 Price Per Unit
- New Concrete Driveway & Total of 8 Parking Spaces | Outstanding Santa Monica Location – Just East of Lincoln Boulevard
- Close Proximity to Venice Boardwalk, 3rd Street Promenade, Santa Monica Pier, Venice Beach, Downtown Santa Monica & Santa Monica College
Property Facts
| No. Units | 7 | Building Size | 5,296 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | SMR3YY - restricted Density Multiple Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,296 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | SMR3YY - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,304 | - |
| Studios | 2 | $1,856 | - |
Property Taxes
| Parcel Number | 4284-009-001 | Improvements Assessment | $122,804 |
| Land Assessment | $92,648 | Total Assessment | $215,452 |
Property Taxes
Parcel Number
4284-009-001
Land Assessment
$92,648
Improvements Assessment
$122,804
Total Assessment
$215,452
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