1802 Ocean Park Blvd - Apartments FOR SALE


Santa Monica, CA 90405
$3,195,000 USD
310-801-3442
1802 Ocean Park Blvd, Santa Monica, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/12
null | 6.12% Cap Rate

1802 Ocean Park Blvd
Santa Monica, CA 90405


HIGHLIGHTS

  • 5 Units Delivered Vacant
  • Ideal Candidate for Garage to ADU's
  • Sharpe Curb Appeal - Adjacent to Sunset Park Village - Santa Monica

OVERVIEW

1802 Ocean Park Blvd, located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5,968 sq. ft., apartment building situated on a 6,905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a spacious kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented. With its well-maintained exterior and stylish landscaped surroundings this building has great curb appeal which adds to the overall value of the property. The building’s prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To name a few great shops and restaurants there is: Local Kitchen & Wine Bar, Thyme Café & Market, Brook Rod, Bob’s Market, Love Coffee, Handel’s Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School, and Santa Monica City College Broker does not guarantee the accuracy of the information provided. The buyer is advised to independently verify the accuracy of this information Property is sold in Its As-Is, Where-is Condition. This is a Trust Sale and is subject to a confirmation vote of the beneficiaries.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

7

PRICE/UNIT

$456,429

CAP RATE

6.12%

% LEASED

29%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add - 1031 Investment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,010 SF

ZONING

SMR3

APN/PARCEL ID

4272-001-001

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.