1047 Ocean Park Blvd | Santa Monica, CA 90405
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
