1047 Ocean Park Boulevard Santa Monica, CA ^$ 2,875,000

1047 Ocean Park Boulevard

^$ 2,875,000

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1047 Ocean Park Boulevard

Santa Monica, CA, 90405

^$ 2,875,000

Studio Baths7.0 Sq 5,296

Monthly Estimate*

^$ 20,083

Listed by Lyon Stahl Investment Real Estate, Inc.

1047 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 1

1047 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 2

1047 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 3

1047 Ocean Park Boulevard, Santa Monica, CA 90405 - Image 4

Studio

Multi-Family Home for sale in Santa Monica, CA

for $2,875,000 with 7 full baths. This 5,296 square foot home was built in 1947 on a lot size of 0.152.

1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building located in the Ocean Park Submarket in the City of Santa Monica. Situated on a 6,617-sf corner lot, the property contains a highly desirable unit mix of (five) 2-bedroom/1-bathroom units and (two) studio units, while (one) 2-bedroom/1-bathroom unit is a spacious townhome. The property was retrofitted within the last two years; foundational work was completed in 2023, and a new concrete driveway was installed in November 2022. Furthermore, there are a total of ten parking spaces with four additional tandem spots. 1047 Ocean Park Blvd provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica! The asset has a value-add component with approximately 42% in rental upside and a 6.50% pro-forma cap rate and 11.07 pro-forma GRM!

Multi-Family Active

Price

^$ 2,875,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.152

Year Built

1947

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

24358301

Days on Market

Features

General

Appliances Microwave Dryer Washer

Zoning SMR3*

Pool Features None

Year Built 1947

Stories 2

Levels Two

Gross Income 182724.0

County Los Angeles

Net Operating Income 115977.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of Pico Boulevard West of Euclid Street East of Lincoln Boulevard North of Rose Avenue

City Santa Monica

View Y/N N

Senior Community Y/N N

Total Units 7

MLS Area C14 - Santa Monica

Lot Size Square Feet 6619.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Ocean Park

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 10

Standard Status Active

Expected Active Date 2024-02-20

Exterior

Parking Features Carport

Total Parking 0.0

Lot Size Area 6619.0

Number of Buildings 1

Spa N

Building Area Total 5296.0

Lot Size Acres 0.152

Lot Size Units SquareFeet

Lot Size Source Estimated

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Boulevard

Total Bedrooms 0

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 1047

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 561-2384

Phone

Affordability Calculator

$20,083

Per Month

Monthly Principal & Interest: $20,083
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Monica, CA

Average List Price ^$3,871,423

Percent of Sale Price 35%

About Santa Monica, CA

92,541 Population

10% Since 2002

^$89,894 Median Income

42.46 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/20/2024	$2,875,000		Listed Price

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1047 Ocean Park Boulevard, Santa Monica, CA, 90405 is a Multi-Family Home for sale at $2,875,000 with 5,296 sqft and a lot size of 0.152. 1047 Ocean Park Boulevard is a studio with 7.0 baths and was built in 1947. The property's zip code is 90405 which is in Santa Monica, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1047 Ocean Park Boulevard

Multi-Family Home for sale in Santa Monica, CA

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