Address
3401 Ocean Park Boulevard, Santa Monica, CA
Price
$ 7,750,000
Property Attributes
- MLS#RS22249601
- TypeIncome
- CountyLOS ANGELES
- CitySanta Monica
- AreaSanta Monica
- Zip90405
- StyleMixed Use
- Price$ 7,750,000
- Bedrooms31
- Full Bathrooms24
- Half Bathrooms0
- Sqr Footage19380
- Lot Size0.383081 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Location, Location, Location. 24 unit building in the heart of Santa Monica's Ocean Park area. Building has been well maintained and went through a full retrofitting, copper plumbing, water heater replacement. laundry lines, shower valves, circulation pumps, sewer and drain lines, gfci installation through the City of Santa Monica rehab program. 20 carports that are rented in addition to the unit rents. Great opportunity.
| Price History | |
|---|---|
| 12/3/2022 | Listed $8,195,000 |
| 7/8/2023 | 6% - $7,750,000 |
General Features
| Building Area Units | Square Feet |
|---|---|
| Carport Spaces | 20 |
| Carport Y/N | Yes |
| City | Santa Monica |
| Co-Listing Agent State License # | 01989514 |
| Community Features | Street Lights, Sidewalks |
| County | Los Angeles |
| Directions | Corner of 34th and |
| Gross Income | 43238 |
| Insurance Expense | 6932 |
| Listing Agent | David Smith - BRE#01353125 |
| Listing Agent State License | 01353125 |
| Listing Terms | Cash, Cash to New Loan, Conventional, Submit |
| Lot Size Square Feet | 16687 |
| MLS Area | C14 - Santa Monica |
| Net Operating Income | 36779 |
| Number of Units Leased | 24 |
| Open Parking Spaces | 20 |
| Operating Expense | 6459 |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Mixed Use |
| Property SubType | Mixed Use |
| Property Type | Residential Income |
| Rent Control Y/N | Yes |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Street Name | Ocean Park |
| Tax Lot | 271 |
| Tenant Pays | Cable TV, Electricity, Gas |
| Total Actual Rent | 43238 |
| Total Units | 24 |
| Trash Expense | 1980 |
| Water Sewer Expense | 21266 |
| Year Built | 1960 |
| Year Built Source | Assessor |
| Zoning | SMC2* |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | Laundry Room |
| Street Suffix | Boulevard |
Exterior Features
| Building Area Total | 19380 |
|---|---|
| Lot Features | Corner Lot |
| Lot Size Acres | 0.3831 |
| Lot Size Area | 16687 |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 24 |
| Number of Separate Gas Meters | 24 |
| Number of Separate Water Meters | 1 |
| Parking Features | Assigned |
| Total Parking | 40 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90405
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of October 3, 2023 5:13 AM UTC 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.
