Active
$1,925,000
2 Units
5 Beds
4 Baths
1,940 Area(sq.ft.)
Lot: 3,396 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | n/a | n/a | $ 5,700 |
| Unit 2 | 1 | 2 | 2 | No | $ 3,532 | $ 3,532 | $ 4,150 |
| 2 | 5 | 4 | $ 3,532 | $ 3,532 | $ 9,850 |
| MLS #: | 25544991 |
| Days On Market: | 186 |
| Listing Date: | June 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 992 |
| Price per unit: | $ 962,500 |
| Year Built: | 1957 |
Property Details
**CAN BE PURCHASED INDIVIDUALLY OR WITH ADJACENT TRIPLEX! 2404 Ocean Park Blvd** This turnkey duplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. 2402 Ocean Park Blvd is perfect for an owner-user, investor, or buyer looking to unlock rental income in a prime Westside location. The building offers 1,940 sq. ft. of living space across two spacious units: a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.75% cap rate!With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 108,624 |
| Total Annual Expense: | $ 28,823 |
| Net Operating Income: | $ 79,802 |
| Gross Annual Income: | $ 111,984 |
| Cap Rate: | 4.15% |
| Gross Rent Multiplier: | 17.19 |
Structure
| Type of Units: | 3+2, 2+2 |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | Central |
| Equipment: | Refrigerator, Range/Oven, Freezer, Microwave |
| Heating: | Central |
Exterior
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