Active
$1,495,000
3 Units
3 Beds
3 Baths
1,122 Area(sq.ft.)
Lot: 3,266 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 2,950 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 2,950 |
| Unit 3 | 1 | studio | 1 | No | $ 1,750 | $ 1,750 | $ 2,150 |
| 3 | 2 | 3 | $ 1,750 | $ 1,750 | $ 8,050 |
| MLS #: | 25544989 |
| Days On Market: | 186 |
| Listing Date: | June 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,332 |
| Price per unit: | $ 498,333 |
| Year Built: | 1948 |
Property Details
**CAN BE PURCHASED INDIVIDUALLY OR WITH ADJACENT DUPLEX at 2402 Ocean Park Blvd**This turnkey triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. 2404 Ocean Park Blvd is perfect for an owner-user, investor, or buyer looking to unlock rental income in a prime Santa Monica location. The property includes two vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, high ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a private patio, perfect for outdoor living or maximizing rental value.Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.55% cap rate!With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. 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: | 2% |
| Gross Operating Income: | $ 96,030 |
| Total Annual Expense: | $ 23,714 |
| Net Operating Income: | $ 72,317 |
| Gross Annual Income: | $ 99,000 |
| Cap Rate: | 4.84% |
| Gross Rent Multiplier: | 15.10 |
Structure
| Type of Units: | 1+1,0+1 |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | SMR3* |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Microwave, Freezer, Dishwasher |
| Heating: | Other |
Exterior
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