2408 Ocean Park Blvd - Apartments FOR SALE


Santa Monica, CA 90405- Sunset Park
$3,875,000 USD
2408 Ocean Park Blvd, Santa Monica, CA for Sale
$3,875,000 USD
Apartments - FOR SALE
1/26
null | 5.56% Cap Rate

2408 Ocean Park Blvd
Santa Monica, CA 90405
Sunset Park


OVERVIEW

Major changes! Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, the building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and had new earthquake valves installed. Eight of the units have just been remodeled, 1 units is vacant and being advertised. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. Most of the units have new appliances installed. There is covered parking for 10 cars. For access and showings call Harvey Stern 310 741-3636. There is a new washer and dryer on the premises that is fully owned. The owner has invested a lot of money over the last two years. The vacancy and expenses are estimated as the building has been in the remodeling phase for almost two years. One of the best priced buildings in Santa Monica with a great CAP rate.

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

10

PRICE/UNIT

$387,500

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

4272-023-031

ASK ABOUT THIS PROPERTY

Paul BurrowesVision Realty, Inc.More Info

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Paul BurrowesVision Realty, Inc.More Info

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