649 Ocean Park blvd, Santa Monica, CA 90405
Active
$3,100,000
13%
7 Units
10 Beds
7 Baths
5,262 Area(sq.ft.)
Lot: 8,083 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,500 | $ 2,500 | $ 2,750 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,225 | $ 2,225 | $ 2,750 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,284 | $ 1,284 | $ 3,500 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,500 | $ 2,500 | $ 2,750 |
| Unit 5 | 1 | 1 | 1 | No | $ 982 | $ 982 | $ 2,750 |
| Unit 6 | 1 | 2 | 1 | No | $ 3,300 | $ 3,300 | $ 3,500 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,800 | $ 2,800 | $ 3,500 |
| 7 | 10 | 7 | $ 15,591 | $ 15,591 | $ 21,500 |
| MLS #: | 24-365407 |
| Days On Market: | 712 |
| Listing Date: | February 23, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 589 |
| Price per unit: | $ 442,857 |
| Year Built: | 1957 |
Property Details
Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 181,479 |
| Total Annual Expense: | $ 62,445 |
| Net Operating Income: | $ 124,647 |
| Gross Annual Income: | $ 187,092 |
| Gross Rent Multiplier: | 14.43 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
Land & Parking
| Zoning: | SMOP2* |
| Parking Garage: | Carport, Covered Parking |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | None |
| Heating: | Wall Gas |
Exterior
Detailed Map
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Income
