1807 Oak st, Santa Monica, CA 90405
Active
$2,900,000
6%
5 Units
6 Beds
6 Baths
4,607 Area(sq.ft.)
Lot: 7,008 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 4,353 | $ 4,353 | $ 4,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 3,803 | $ 3,803 | $ 4,000 |
| Unit 3 | 1 | 1 | 1.50 | No | $ 3,100 | $ 3,100 | $ 3,100 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,153 | $ 1,153 | $ 3,300 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,223 | $ 2,223 | $ 3,200 |
| 5 | 7 | 7 | $ 14,632 | $ 14,632 | $ 18,400 |
| MLS #: | 25494181 |
| Days On Market: | 308 |
| Listing Date: | February 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 629 |
| Price per unit: | $ 580,000 |
| Year Built: | 1979 |
Property Details
Introducing 1807 Oak St. Well-located in the hot rental market of Santa Monica, this property is just a few minutes from Clover Park. This 5-unit building consists of (1) 3-bedroom 2-bath unit front, (1) 1-bedroom 1.5 bath unit, and (3) 1-bedroom 1-bath units. The property is currently operating at 3.65% Cap Rate and 17.34 GRM. The property has a total of 8 parking spaces, including a 2-car and a 1-car garages.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 173,403 |
| Total Annual Expense: | $ 60,386 |
| Net Operating Income: | $ 113,058 |
| Gross Annual Income: | $ 178,766 |
| Cap Rate: | 3.65% |
| Gross Rent Multiplier: | 17.34 |
Structure
| Type of Units: | 1+1, 3+2 |
| Buildings: | 3 |
| Levels: | One, Multi/Split |
| Style: | Low Rise |
| View Description: | None |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Assigned, Covered Parking, Garage - 2 Car, Garage - 1 Car |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Ceiling Fan, Garbage Disposal, Microwave, Hood Fan, Refrigerator, Range/Oven |
| Heating: | Wall |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
