709 Ocean Park blvd, Santa Monica, CA 90405
Active
$1,999,000
3 Units
3 Beds
3 Baths
1,296 Area(sq.ft.)
Lot: 5,520 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | n/a | n/a | $ 3,300 |
| Unit 2 | 2 | studio | 1 | Yes | $ 2,855 | $ 2,855 | $ 2,855 |
| Unit 3 | 3 | 1 | 1 | Yes | $ 3,030 | $ 3,030 | $ 3,030 |
| 6 | 3 | 6 | $ 14,800 | $ 14,800 | $ 18,100 |
| MLS #: | 25550069 |
| Days On Market: | 179 |
| Listing Date: | June 9, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,542 |
| Price per unit: | $ 666,333 |
| Year Built: | 1948 |
Property Details
Prime Santa Monica Triplex. West of Lincoln in the coveted Ocean Park neighborhood. Blocks to the beach, groceries and restaurants of Main St. Updated owner's unit A will be delivered VACANT and features a private yard, new T-Rex deck and DG landscaping, garden spaces and private patio. Unit B has been updated, private patio and open kitchen concept. This unit is month to month, furnished and beautiful-no interior photos available. Unit A is now month to month, furnished and updated-see photos with red kitchen. This unit also features a private patio. Exterior of building just painted. Exterior laundry available for use by tenants. This is a great opportunity to invest in the Santa Monica rental market, possible value adds, buy and hold. This is an A+ beach/Main Street property opportunity. Can show vacant unit and walk property. Inside tenant occupied units with accepted offer.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 33% |
| Gross Operating Income: | $ 63,160 |
| Total Annual Expense: | $ 29,700 |
| Net Operating Income: | $ 33,460 |
| Gross Annual Income: | $ 69,360 |
| Cap Rate: | 3% |
| Gross Rent Multiplier: | 30.30 |
Structure
| Type of Units: | attached |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | Carbon Monoxide Detector(s), Gated, Smoke Detector |
| Style: | Contemporary |
| Sewer: | In Street |
| View Description: | Tree Top, City |
| Water: | Public |
Land & Parking
| Zoning: | SMOP2* |
| Parking Garage: | Driveway |
Interior
| Cooking Appliances: | Oven, Range Hood, Cooktop - Gas |
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Washer, Refrigerator |
| Heating: | Wall |
| Kitchen Features: | Remodeled |
| Laundry: | Outside, Laundry Area |
| Laundry Equipment: | Own |
| Patio Features: | Brick, Patio Open, Deck(s) |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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