1047 Ocean Park Blvd

Santa Monica, CA 90405

Seller Motivated!!

Sales Price $2,824,000

Beds

0

Baths

0

Home Size

5296 Sq. Ft.

Lot Size

6619 Sq. Ft.

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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!

This home located at 1047 Ocean Park Blvd is currently active and has been available on pardeeproperties.com for 132 days. This property is listed at $2,824,000. It has 0 beds and 0 bathrooms. The property was built in 1947. 1047 Ocean Park Blvd is in the Santa Monica community of Los Angeles County.

Quick Facts

  • 132 days on market
  • Built in 1947
  • Total parking spaces 10Car
  • Carport
  • Community | Santa Monica
  • MLS# | 24-358301

Features

  • Other Cooling
  • Other Heat
Connect with an agent
(1)

Zee Rojas

Partner | DRE #01873726

Listed By David Messiah · Lyon Stahl Investment Real Estate, Inc.

Explore Santa Monica, CA

A city of its own, Santa Monica is a resort town located on the Pacific Ocean that boasts some of Los Angeles’ finest cuisine and nightlife.

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