1047 Ocean Park Boulevard, Santa Monica
Santa Monica Home For Sale
Seller Motivated!! 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 6.64% pro-forma cap rate and 10.87 pro-forma GRM!
Property Details
Sales Agent
- Beach Cities Real Estate
- Phone: (888) 990-7111
- Cell: (888) 990-7111
- Contact Agent Now
Additional Information
-
- City:
- Santa Monica
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- County:
- Los Angeles
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- Zip:
- 90405
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- MLS® #:
- 24358301
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- Bedrooms:
- 10
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- Bathrooms:
- 7
-
- Square Ft:
- 5,296
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- Lot Size:
- 0.15
-
- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 1047 Ocean Park Boulevard, Santa Monica, (MLS® #24358301)
Date | Details | Price | Change |
---|---|---|---|
Price Reduced | $2,824,000 | $25,000 (0.88%) | |
Price Reduced (from $2,875,000) | $2,849,000 | $26,000 (0.90%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 5:15am PDT. 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.