1047 Ocean Park Blvd | Santa Monica, CA 90405
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- LoopNet Team
1047 Ocean Park Blvd
Santa Monica, CA 90405
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- SELLER FINANCING of $1,700,000 at a 4.52% Rate Available through 2032 (7 full years at 60% LTV)
- Approx. 35% rental upside available
- Once rented for market, property will operate at a 6.72% CAP and 10.68 GRM
- Located just 10 Blocks From the Ocean. Unit mix of (1) 2+1 Townhouse, (4) 2+1, and (2) Studio+1 units | $396,429/Unit!
- 5,296 sqft building on 6,617 sqft R3 corner lot
- 10 Parking spaces on site
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
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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