1047 Ocean Park Boulevard Santa Monica, CA ^$ 2,849,000

1047 Ocean Park Boulevard

^$ 2,849,000

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1047 Ocean Park Boulevard

Santa Monica, CA, 90405

^$ 2,849,000

Studio Baths0.0 Sq 5,296

Monthly Estimate*

^$ 18,935

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 $2,849,000. This 5,296 square foot home was built in 1947 on a lot size of 0.15.

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 6.57% pro-forma cap rate and 10.97 pro-forma GRM!

Multi-Family Active

Price

^$ 2,849,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1947

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

0024358301

Features

General

Zoning SMR3*

Year Built 1947

Levels Two

County Los Angeles

Net Operating Income 116281.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Santa Monica

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C14 - Santa Monica

Lot Size Square Feet 6619.0

Street Name Ocean Park

Structure Type None

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Microwave

Street Suffix Boulevard

Laundry Features Washer Included Dryer Included

Total Baths 0

Exterior

Parking Features Carport

Lot Size Area 6619.0

Spa No

Pool Y/N? No

Building Area Total 5296.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

David Messiah

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$18,935

Per Month

Monthly Principal & Interest: $18,935
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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 ^$4,023,883

Percent of Sale Price 41%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/22/2024	$2,849,000	-0.90%	Price Down
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 $2,849,000 with 5,296 sqft and a lot size of 0.15. 1047 Ocean Park Boulevard is a studio with 0.0 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 6.99% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1047 Ocean Park Boulevard

Multi-Family Home for sale in Santa Monica, CA

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