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607 Ashland 2 Unit Apartment Building Offered at $2,145,000 at a 3.18% Cap Rate Santa Monica, CA 90405



INVESTMENT HIGHLIGHTS
- Duplex + Office/Studio
- ADU Potential with Studio/Office
- Blocks away from the Beach
EXECUTIVE SUMMARY
(LAST SALE PRICE NOT ACCURATE) Duplex + Office/Studio - Charming Craftsman-style duplex at 607 Ashland Ave, perched above a quiet, tree-lined street in Santa Monica’s highly desirable Ocean Park neighborhood, just four blocks to Main Street and six blocks to the beach. Both units feature private, separate entrances and are filled with natural light, offering hardwood floors, recessed lighting, skylights, and a newly constructed dog run along the side of the home. The 1-bedroom, 1-bath front unit includes an open kitchen, Dutch door, and a classic Craftsman front deck with built-in bench seating, ideal for al fresco dining. The 2-bedroom, 1-bath rear unit boasts a spacious open kitchen, vaulted ceilings, private front and rear gated entrances, and an expansive exclusive-use fenced courtyard designed for indoor-outdoor entertaining. A detached studio with high vaulted ceilings and an oversized skylight provides flexible use as a home office, fitness or yoga studio, or bonus space. This unique property offers exceptional flexibility and value, ideal for an owner-user, an income-producing duplex at strong current market rents, or potential reconfiguration into a single-family residence. Studio not included in total square footage.
PROPERTY FACTS
| Price | $2,145,000 | Property Type | Multifamily |
| Price Per Unit | $1,072,500 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 3.18% | Building Size | 1,670 SF |
| Gross Rent Multiplier | 19.93 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1922 |
| Zoning | SMOP2* | ||
| Price | $2,145,000 |
| Price Per Unit | $1,072,500 |
| Sale Type | Investment |
| Cap Rate | 3.18% |
| Gross Rent Multiplier | 19.93 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.10 AC |
| Building Size | 1,670 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | SMOP2* |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Yard
- Dining Room
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 742 |
| 2+1 | 1 | - | 928 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (78)
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607 Ashland
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