1047 OCEAN PARK BLVD
SANTA MONICA, CA 90405
$2,849,000
0 Beds
0 Baths
5,296 Sq Ft
Status Active
MLS# 24-358301
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 6.57% pro-forma cap rate and 10.97 pro-forma GRM!
Details for 1047 OCEAN PARK BLVD
$538 / Sq Ft
10 parking spaces
Other
104 Days on website
0.152 acres lot
Area Information for 1047 OCEAN PARK BLVD
