2404 Ocean Park blvd #1, Santa Monica, CA 90405

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Glen Henderson

[email protected] +1(619) 889-7646

$1,470,000

Est. payment - /mo

3 Beds

3 Baths

1,122 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,122 sqft

Price per Sqft $1,310

MLS Listing ID SB25219948

Bedrooms 3

Full Baths 3

Year Built 1948

Lot Size 3,357 Sqft

Property Sub-Type All Other Attached

Property Type All Other Attached

Property Description

**Seller is offering a rate buy down on this INCOME PRODUCING TRIPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.The property includes two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and

Location

State CA

County Los Angeles

Direction E of Cloverfield Blvd & Ocean Park Blvd

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

View Other/Remarks

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 4272023032

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2404 Ocean Park blvd #1 Santa Monica, CA 90405

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information