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238 Bicknell Ave
Santa Monica, CA 90405
Multifamily Property For Sale
·
4 Units
Executive Summary
The Bicknell Residences is a multifamily property located in the Ocean Park neighborhood of Santa Monica. Duplex per public record; four units on site. Buyer to verify legal status and permits. Originally constructed in 1920, the property features approximately ±2,369 square feet of improvements situated on a ±6,006 square foot lot. The property offers a unit mix consisting of one two-bedroom, one-bathroom unit with office, and three one-bedroom, one-bathroom units, including configurations with a den and utility room. The improvements reflect classic Santa Monica architectural character, including traditional design elements, original wood siding, and period detailing. Select units feature updated interiors, while others retain original finishes. Lower units provide both front and rear access, offering functional separation and flexibility of use. The property includes four detached garages and a shared on-site laundry area. The site layout incorporates a rear patio area adjacent to the garage structure. Buyer to verify potential uses and development standards. The property is master metered for water and separately metered for gas and electricity. Each unit is equipped with an individual water heater. Ocean Park is a well-established coastal neighborhood known for its residential setting, walkability, and proximity to neighborhood amenities. The property is located near Main Street, providing access to a range of dining, retail, and service-oriented uses. The location offers proximity to the Santa Monica Pier, Third Street Promenade, and surrounding coastal destinations, as well as nearby parks and recreational areas. The property also provides convenient access to Lincoln Boulevard, Pico Boulevard, Santa Monica Boulevard, and the I-10 Freeway, connecting to Santa Monica, Venice, Culver City, Westwood, Century City, and other Westside employment centers. Buyer to verify all property details, including square footage, unit configuration, zoning, permits, and allowable uses.
Property Facts
| Price Per Unit | $525,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.84% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 19.48 | Building Size | 2,369 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | SMOP2* | ||
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 2.84% |
| Gross Rent Multiplier | 19.48 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,369 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1/1,000 SF |
| Zoning | SMOP2* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 4289-017-018 | Improvements Assessment | $60,197 |
| Land Assessment | $258,697 | Total Assessment | $318,894 |
Property Taxes
Parcel Number
4289-017-018
Land Assessment
$258,697
Improvements Assessment
$60,197
Total Assessment
$318,894
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