This Multifamily Property is no longer advertised on LoopNet.com.
1047 Ocean Park Blvd
Santa Monica, CA 90405
Multifamily Property For Sale · 7 Units
Investment Highlights
- Prime Santa Monica location - just east of Lincoln Blvd
- Approx. 42% rental upside available
- Once rented for market, property will operate at a 6.64% CAP and 10.84 GRM
- Unit mix of (1) 2+1 Townhouse, (4) 2+1, and (2) Studio+1 units
- 5,296 sqft building on 6,617 sqft corner lot
- 8 Parking spaces on site
PROPERTY FACTS
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
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 |
PROPERTY TAXES
Parcel Number | 4284-009-001 | Improvements Assessment | $120,397 |
Land Assessment | $90,832 | Total Assessment | $211,229 |
zoning
Zoning Code | SMR3YY |
Learn More About Investing in Apartment Buildings
Listing ID: 31004597
Date on Market: 2/20/2024
Last Updated:
Address: 1047 Ocean Park Blvd, Santa Monica, CA 90405
The Santa Monica Multifamily Property at 1047 Ocean Park Blvd, Santa Monica, CA 90405 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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